Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/fairwest-energy-obtains-extension-under-ccaa-2.shtmlFairWest Energy obtains extension under CCAA
FairWest Energy Corporation says that an Order was obtained on July 3, 2013 from the Court of Queen's Bench of Alberta (the "Court") extending the
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FairWest Energy Corporation says that an Order was obtained on July 3, 2013 from the Court of Queen's Bench of Alberta (the "Court") extending the stay of proceedings granted to FairWest under the Companies' Creditors Arrangement Act (CCAA) to July 16, 2013 (the "July 3 Order").
The July 3 Order also provides for an extension of the maturity date under the debtor-in-possession financing facility with Supreme Group Inc. to July 16, 2013. The maximum amount available under the debtor-in-possession financing facility remains unchanged at $1,765,000.
