LGX Oil + Gas Inc. announces appointment of Receiver
June 07 2016 - 5:41PM
PR Newswire (Canada)
CALGARY,
June 7, 2016 /CNW/ - LGX Oil
+ Gas Inc. ("LGX", or the "Company") (TSXV: OIL) announces
that the Court of Queens Bench of Alberta has granted the application of the
Company's lender, to appoint Ernst & Young Inc. (the
"Receiver") as receiver and manager over the assets, undertakings
and property of LGX and its subsidiaries. The Receiver is charged
with managing the day to day affairs of the Company during the
period of its appointment and should be contacted with respect to
any questions concerning the assets and liabilities of LGX and its
subsidiaries.
Effective upon the appointment of the Receiver,
all of the Corporation's directors have resigned as directors of
the Corporation and its subsidiaries, as well all officers of the
Company have been terminated.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release
SOURCE LGX Oil + Gas Inc.
Copyright 2016 Canada NewsWire
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