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Tuesday, 05/19/2015 2:40:03 PM

Tuesday, May 19, 2015 2:40:03 PM

Post# of 509
14:20 EDT - Colorado oil company American Eagle Energy, which filed for bankruptcy earlier this month, has put its assets on the auction block. A group of bondholders intend to serve as a stalking horse, or lead bidder, at the auction with a $70M offer. The bondholders, owed some $175M, are credit bidding, or offering to forgive some of the debt, for American Eagle's US and Canada holdings. Bids are due July 24 with an auction, if necessary, slated for July 29. (patrick.fitzgerald@wsj.com; @patfitzgerald23) (END) Dow Jones Newswires May 19, 2015 14:20 ET (18:20 GMT) Copyright (c) 2015 Dow Jones & Company, Inc. 051915 18:20 -- GMT

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