Latest Updates Around The World
“Canacol” or the “Company”) announces a leadership change and the appointment of an independent director to its board of directors (the “Board”). The Board of Directors believes that these changes will position the Company for success in the next phase of its restructuring, by adding substantial restructuring experience to the Board of Directors. Mr. Jason […]
Canacol Energy Ltd. (TSX: CNE,OTC:CNNEQ) (OTCID: CNNEQ) (BVC: CNEC) (“Canacol” or the “Company”) announces that it has entered into an agreement with an ad hoc group of holders of the Company’s 5.75% senior unsecured notes due 2028 (the “DIP Credit Agreement”) for accounts receivable financing (the “DIP Financing”), consisting of a US$45 million deferred drawdown […]
Canacol Energy Ltd. (TSX: CNE,OTC:CNNEF) (OTCQX: CNNEF) (BVC: CNE.C) (“Canacol” or the “Company”), announces that the Company and certain of its subsidiaries have filed an action for damages under Chapter 15 of the United States Bankruptcy Code in the Bankruptcy Court for the Southern District of New York. The applications for relief seek recognition of […]
Canacol Energy Ltd. (“Canacol” or the “Company”) announces that it has been notified of the decision rendered in the domestic arbitration proceedings initiated by VP Ingenergía SASESP at the Arbitration and Conciliation Center of the Chamber of Commerce of Bogotá. The arbitration related to the termination of three natural gas supply contracts, which were terminated […]
