Lightstream Resources Ltd. (LSTMF) - OTCPK - Current
  • Wed, Jul. 13, 11:22 AM
    • Lightstream Resources (OTCPK:LSTMF -5.7%), facing a July 15 deadline to make an interest payment, proposes a debt-for-equity swap that would reduce its debt load by $1.175B.
    • Under the proposed recapitalization, secured noteholders would take 95% of the company’s equity, while unsecured noteholders would hold 2.75% and warrants equal to 5% as existing shareholders would own 2.25% of shares as well as warrants equal to 7.75% of the shares.
    • Lightstream's plan would reduce its annual interest payments by ~$112M.
    | Wed, Jul. 13, 11:22 AM | 7 Comments
  • Feb. 1, 2012, 11:39 AM
    Petrobank Energy (PBEGF.PK +5.3%) shares pop following the company's sale of its May River oil sands assets for $225M. This leaves Petrobank with a large net cash position, perhaps making investors wonder if a spin-out of subsidiary Petrobakken (PBKEF.PK) won't soon follow. (submitted by Devon Shire)
    | Feb. 1, 2012, 11:39 AM
Company Description
Currently, there's no company description for LSTMF.
Industry: Major Integrated Oil & Gas
Country: Canada