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VNR Fin Corp. (VNRR)

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  Vanguard Natural Resources, LLC


 

Recent News:

Friday, July 14 2017 1:55 PM, EST  


 Vanguard Natural Resources, LLC Announces Settlement with Ad Hoc Equity Committee  


PR Newswire   "Press Releases US - English"
 
 HOUSTON ,  July 14, 2017  /PRNewswire/ -- Vanguard Natural Resources, LLC  (OTC: VNRSQ) ("Vanguard" or "the Company") has reached a settlement with the Ad Hoc Equity Committee (the "Equity Committee"). Under the agreement, the Equity Committee agrees to (i) withdraw any and all objections to the Debtors' plan of reorganization and (ii) fully support the Debtors' Second Amended Joint Plan of Reorganization, as amended (the "Modified Plan"). The Modified Plan will include the following amended terms, among others:
 
 
The Modified Plan extends the expiration deadline for new warrants from three years to three and a half years for both preferred and common units of the Company. 

Holders of the Company's common units will receive distributions of new warrants regardless of whether two-thirds of the common units vote as a class to accept the Company's Modified Plan. 

The definition of "Exculpated Parties" will be amended to add the Ad Hoc Equity Committee. 

The Modified Plan provides for the payment of up to  $350,000  of reasonable and documented fees and expenses of the advisors to the Ad Hoc Equity Committee in addition to those previously agreed upon. No further fees and expenses of such advisors will be allowed or payable.
 
Furthermore, all deposition notices and other discovery propounded by the Equity Committee against any other party are deemed immediately withdrawn and any scheduled depositions are canceled.
 
The Equity Committee recommends that holders of the Company's common units who have not voted to vote in favor of the Modified Plan by  Monday, July 17, 2017  at  noon Central Standard Time . The Equity Committee also recommends that holders of the common units who initially voted to reject the Company's unmodified plan of reorganization to submit new ballots accepting the Modified Plan by the deadline. New ballots can be obtained through Broadridge Voting at proxyvote.com or through  Prime Clerk LLC  at https://cases.primeclerk.com/payless/EBallot-Home.
 
Court filings and other information related to the chapter 11 cases are available on the Company's website at www.vnrllc.com/restructuringand at http://cases.primeclerk.com/vanguard, which is a website administered by the Company's claims agent,  Prime Clerk LLC . The Company has also set up a toll-free hotline to answer employee, vendor, investor and royalty owner questions, which is available Monday through Friday,  8 a.m. to 6 p.m. Central Standard Time  at 844-596-2260 (internationally at 929-333-8976). Parties may obtain electronic notification of court filings through the Prime Clerk website or may register for email notices by completing the  Bankruptcy Court's  registration form that can be accessed at http://www.txs.uscourts.gov/sites/txs/files/CRECFform.pdf.
 
About  Vanguard Natural Resources, LLC 
 
 Vanguard Natural Resources, LLC  is a publicly traded limited liability company focused on the acquisition, production and development of oil and natural gas properties. Vanguard's assets consist primarily of producing and non-producing oil and natural gas reserves located in the  Green River Basin  in  Wyoming , the  Permian Basin  in  West Texas  and  New Mexico , the  Gulf Coast Basin  in  Texas ,  Louisiana ,  Mississippi  and  Alabama , the  Anadarko Basin  in  Oklahoma  and  North Texas , the  Piceance Basin  in  Colorado , the  Big Horn Basin  in  Wyoming  and  Montana , the  Arkoma Basin  in  Arkansas  and  Oklahoma , the  Williston Basin  in  North Dakota  and  Montana , the  Wind River Basin  in  Wyoming , and the  Powder River Basin  in  Wyoming . More information on Vanguard can be found at www.vnrllc.com.
 
Forward-Looking Statements
 
We make statements in this news release that are considered forward-looking statements within the meaning of the Securities Exchange Act of 1934. These forward-looking statements are largely based on our expectations, which reflect estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. In addition, management's assumptions about future events may prove to be inaccurate. Management cautions all readers that the forward-looking statements contained in this news release are not guarantees of future performance, and we cannot assure you that such statements will be realized or the forward-looking events and circumstances will occur. Actual results may differ materially from those anticipated or implied in the forward-looking statements due to factors listed in the "Risk Factors" section in our  SEC  filings and elsewhere in those filings. All forward-looking statements speak only as of the date of this news release. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events or otherwise.
 
 Vanguard Natural Resources, LLC   Lisa Godfrey , (832) 327-2234 Director, Investor Relations investorrelations@vnrllc.com
 

 
View original content:http://www.prnewswire.com/news-releases/vanguard-natural-resources-llc-announces-settlement-with-ad-hoc-equity-committee-300488602.html
 
SOURCE  Vanguard Natural Resources, LLC 
 


 $1,291,087,93 billion Current Assets! 
Link :http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12154114











 
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PostSubject
#2549  Sticky Note Distributions to Legacy Unitholders: Enterprising Investor 08/02/17 10:34:19 AM
#2315  Sticky Note The only part of the PLAN that pertains Renee 07/19/17 06:11:54 PM
#1433  Sticky Note See-For-Yourselves-Folks-Holders-of-the-Company's-common-units-will-receive-distributions-of-new Shazbat 07/17/17 03:04:53 PM
#860  Sticky Note $VNRSQ: VALUE=$10 Billion+++ from POR - Dockets & DD==> Sibware 07/16/17 11:04:36 AM
#2591   Vanguard Natural Resources, (fka)VNRSQ, changed to VNR Fin Renee 08/11/17 05:47:38 PM
#2590   VNRSQ Filings: Renee 08/11/17 08:30:51 AM
#2589   Old commons? No. New commons, yes Imagineer66 08/11/17 12:32:27 AM
#2588   Will this stock ever trade again? backyards 08/10/17 04:07:12 PM
#2587   no news. what's happening? When the new shares faadifad 08/09/17 11:25:25 AM
#2586   Telling me I'm S O L? Jimmydblock 08/09/17 11:09:41 AM
#2585   No longer a publicly traded stock. backyards 08/06/17 09:07:53 PM
#2584   No it converted to warrants last week Doubledown75 08/06/17 08:49:56 PM
#2583   I don't find it under that vnrs9#. backyards 08/06/17 07:33:36 PM
#2582   Is this stock still trading? backyards 08/06/17 07:32:44 PM
#2581   Ticker symbol VNRS9# Protocola 08/06/17 10:59:09 AM
#2580   But I life in holland johny van assouw 08/04/17 01:57:51 PM
#2579   IN my account are still the stocks johny van assouw 08/04/17 01:56:35 PM
#2578   That's not good and a big difference, yes, johny van assouw 08/04/17 01:53:05 PM
#2577   No I'm 98% in the hole But when reading Doubledown75 08/04/17 01:39:49 PM
#2576   Hello , johny van assouw 08/04/17 01:21:23 PM
#2575   $0.37/warrant is what I calculate in my account Doubledown75 08/04/17 08:39:00 AM
#2574   What's this stock trading under? backyards 08/03/17 07:43:47 PM
#2573   What's the price? Jimmydblock 08/03/17 06:35:01 PM
#2572   Warrants posted in accounts. dnoto 08/03/17 04:33:48 PM
#2571   Sure will. ;-) LarryAshy 08/03/17 12:07:30 PM
#2570   I'm pretty new at this and I don't Shelle4380 08/03/17 09:51:49 AM
#2568   Symbol Is there a new symbol VNR trading on yet? PJO 08/03/17 09:34:43 AM
#2567   Crooks of the century vnrsq management. They stole faadifad 08/03/17 06:19:47 AM
#2566   Just have to wait and see, Larry. Doubledown75 08/02/17 04:15:37 PM
#2565   You are assuming no dilution. LarryAshy 08/02/17 02:42:59 PM
#2564   Is all are money lost? newl 08/02/17 01:05:28 PM
#2563   Exactly 0.004 to 60 would be 15,000 fold I Doubledown75 08/02/17 12:35:48 PM
#2562   There is a reason the warrants were purposely LarryAshy 08/02/17 12:30:04 PM
#2561   Or a conflict breaks out and pushes this Macaveli 08/02/17 12:23:37 PM
#2560   I think your right , Larry..... 0.004-$60, Doubledown75 08/02/17 12:19:39 PM
#2559   its funny this was the only legit stock kingofthe 08/02/17 12:16:43 PM
#2558   Re the 3% Warrants: As I presented in Renee 08/02/17 11:31:38 AM
#2557   All of my shares just been cancelled Jimmydblock 08/02/17 11:11:28 AM
#2556   Unfortunately after dilution for various reasons...I'm afraid that LarryAshy 08/02/17 11:10:12 AM
#2555   good luck with that. which empty shell could lucky,mydog 08/02/17 11:01:28 AM
#2554   Never mind. I reread the article. dnoto 08/02/17 10:59:42 AM
#2553   Following the completion of the financial restructuring, the dnoto 08/02/17 10:57:53 AM
#2552   they won't. they are shares in a now lucky,mydog 08/02/17 10:54:20 AM
#2551   Any idea on when they should start trading? dnoto 08/02/17 10:52:39 AM
#2550   The math will be interesting once New VNR Enterprising Investor 08/02/17 10:42:55 AM
#2549   Distributions to Legacy Unitholders: Enterprising Investor 08/02/17 10:34:19 AM
#2548   VNRSQ: Bankruptcy Plan Effective. Shares Cancelled. Company will Renee 08/02/17 09:25:46 AM
#2547   $VNRSQ: SHARES CANCELLED THIS MORNING..BK PLAYS ARE VERY SHEEPWOLF 08/02/17 09:24:43 AM
#2546   Lolz hwpbnj 08/02/17 08:01:30 AM
#2545   Vanguard Natural Resources, LLC Successfully Completes Financial Restructuring dnoto 08/02/17 07:32:43 AM
#2544   primeclerk court docket says the plan has been faadifad 08/02/17 06:10:49 AM
#2543   Good NEws ? POR cancelled ? That Diggie-HH 08/02/17 04:03:26 AM
#2542   Plan effective on our before today fall through? hwpbnj 08/01/17 04:25:04 PM
#2541   When is this stock gonna work dammit. By Jimmydblock 08/01/17 10:23:30 AM
PostSubject