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Stock Market & Financial Investment News

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January 10, 2014
17:28 EDTLPRIQLone Pine Resources says U.S. court approves restructuring plan
Lone Pine Resources announced that the United States Bankruptcy Court for the District of Delaware has issued an order recognizing and enforcing in the United States under Chapter 15 of the U.S. Bankruptcy Code the order issued on January 9 by the Court of Queen's Bench of Alberta sanctioning and approving Lone Pine's previously announced plan of compromise and arrangement under the companies' creditors arrangement act. The company currently anticipates implementing the plan and completing its restructuring on or before January 31.
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