Cequence's creditors approved the Plan at a creditors' meeting held on
Implementation of the Plan remains subject to the satisfaction or waiver of the other conditions to its effectiveness. The Company expects to emerge from CCAA as a private oil and natural gas company by
Continuous Disclosure Update
Cequence has relied on the exemptive relief granted by Canadian securities regulatory authorities in light of the COVID-19 pandemic (the 'Exemptive Relief') that allowed it to delay the filing of its interim financial report for the period ended
Implementation of the Plan is expected to be completed by
Contact:
Tel: (403) 806-4049
Email: tbrown@cequence-energy.com
Forward-looking Statements or Information
Certain information contained in this press release may contain forward looking statements within the meaning of applicable securities laws. The use of any of the words 'continue', 'plan', 'intend', 'explore', 'propose', 'would', 'will', 'believe', 'expect', 'position', 'anticipate', 'improve', 'enhance' and similar expressions are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward-looking statements concerning information relating to the implementation of the Plan and the anticipated results thereof.
Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. The above-mentioned forward-looking statements necessarily involve risks, including, without limitation, risks associated with: the ability of the Company to implement the Plan as described herein; the ability for the company not to file its interim financial report for the interim period ended
Events or circumstances may cause actual results to differ materially from those anticipated, as a result of the risk factors set out and other known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. In addition, forward looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information but which may prove to be incorrect and which have been used to develop such statements and information in order to provide stakeholders with a more complete perspective on the Company's future operations.
Such information may prove to be incorrect and readers are cautioned that the information may not be appropriate for other purposes. Although the Company believes that the expectations reflected in such forward looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: the impact of competition; the general stability of the economic environment in which the Company operates and the timely receipt of any required regulatory approvals.
Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have been used. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Additional information on these and other factors that could affect the Company's operations and financial results are included in reports, including under the heading 'Business Risks' in the Company's management's discussion and analysis for the year ended
The forward-looking statements or information contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise unless required by applicable securities laws. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.
(C) 2020 Electronic News Publishing, source