On November 12, 2013, Lone Pine Resources Inc. ("Lone Pine" or the "Company") issued a press release, attached hereto as Exhibit 99.1, announcing that it had entered into a commitment letter with a syndicate of lenders to provide for a new senior secured credit facility to be effective upon completion of the Company's proposed restructuring under the Companies' Creditors Arrangement Act, and providing an update regarding its restructuring and related court proceedings.
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