STORM CAT ENERGY CORPORATION is focused on the pursuit, exploration and development of large unconventional gas reserves from fractured shales, coal beds and tight sand formations.
Storm Cat Energy Corp.
1125 17th Street
Denver, CO 80202
United States - Map
Toll Free Phone: (877) 867-6228
Web Site: http://www.stormcatenergy.com
Email Address: [email protected]
O/S: As of November 5, 2007, there were 81,078,570 common shares outstanding.
Other Boards for SCU, SME.V
STORM CAT ENERGY CORPORATION’S US SUBSIDIARIES
FILE FOR CHAPTER 11 BANKRUPTCY PROTECTION IN USTORM CAT EXPECTS TO CONTINUE OPERATIONS IN ORDINARY COURSE
DENVER, Colorado and CALGARY, Alberta – November 10, 2008 – Storm Cat Energy Corporation
(AMEX: SCU; TSX: SME) today reported that all of its wholly-owned U.S. subsidiaries filed for a
voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code in the
United States Bankruptcy Court for the District of Colorado. Storm Cat Energy Corporation was not
included in the U.S. bankruptcy filing, nor did it file an application for creditor protection under the
Companies’ Creditors Arrangement Act in Canada.
Storm Cat is in negotiations with its existing lenders to secure sufficient debtor-in-possession (DIP)
financing. Under Chapter 11, and assuming the DIP financing negotiations are successful, Storm Cat
expects it will continue, without undue interruption, its operations in the ordinary course of business,
and intends to file a reorganization plan with the U.S. Bankruptcy Court as soon as practicable. As
previously reported, the Company has engaged Parkman Whaling LLC for the purpose of assisting
the Company in exploring strategic business alternatives as well as Alvarez & Marsal, a turnaround
and restructuring firm, for the purpose of assisting the Company with its restructuring efforts.