- Lightstream Resources (OTC:LSTMF) is seeking protection from its creditors after the company failed to reach a restructuring agreement with debtholders.
- With no deal in sight, Lightstream says it is ending a proposed plan that would have given debtholders 95% of the company and will seek to sell the company under a court-supervised process.
- Lightstream has been struggling under nearly $1.2B in debt and was under a Sept. 16 deadline to reach a deal with lenders.