Southern Pacific Resource Corp. has initiated a process to solicit proposals to: 1) acquire the Company and its assets; or 2) acquire some or all of the assets of the Company; or 3) make an investment to recapitalize and restructure the debt of the Company (collectively a "Bid").

Strategic and financial alternatives to be considered may include, but are not limited to, the sale of the Company, merger or other business combination, new investment or other financing alternative as a part of a recapitalization, sale of all or a portion of the Company's assets, or any combination thereof.

Tags: Southern Pacific Resource Corp.