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Vanguard Natural Resources (VNRSQ)

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Last Post: 7/24/2017 7:12:16 PM - Followers: 118 - Board type: Free - Posts Today: 0

  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notices and other discovery propounded by the Equity Committee against any other party are deemed immediately withdrawn and any scheduled depositions are canceled.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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News News Alert: Statement of Changes in Beneficial Ownership (4) 07/24/2017 04:35:29 PM
PostSubject
#2353  Sticky Note Warrant Strike Prices: Enterprising Investor 07/20/17 12:19:49 PM
#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
#2437   Do the minimum of $3.50/share of CODI on LarryAshy 07/24/17 07:12:16 PM
#2436   CODI LarryAshy 07/24/17 07:08:20 PM
#2435   It is highly unlikely that their sales will Enterprising Investor 07/24/17 07:05:34 PM
#2434   Who knows, but that's a whopping $4,700. Tozer Max 07/24/17 05:48:12 PM
#2433   Rhetorical question: If the Warrants are so valuable Renee 07/24/17 05:44:51 PM
#2432   SORRY here the right one Diggie-HH 07/24/17 02:28:01 PM
#2431   I'd like to see more volume here hwpbnj 07/24/17 02:25:40 PM
#2430   Wrong article? hwpbnj 07/24/17 02:25:06 PM
#2429   VNRSQ - Coming out of Bankruptcy . BEST NEWS! Diggie-HH 07/24/17 02:22:36 PM
#2428   Dead cat finally coming? hwpbnj 07/24/17 02:17:42 PM
#2427   Holy crap, is that a little bit of Tozer Max 07/24/17 02:16:35 PM
#2426   me tooo ! maybe some good PFR from Diggie-HH 07/24/17 11:39:57 AM
#2425   Want one more pump hwpbnj 07/24/17 11:27:22 AM
#2424   Doubt this will be wrapped up this week, EHP Trader 07/24/17 10:44:32 AM
#2423   Looks like a new low coming today hwpbnj 07/24/17 10:25:12 AM
#2422   nothing happeny today? Diggie-HH 07/24/17 09:39:37 AM
#2421   yes man, you are right ! Diggie-HH 07/24/17 06:52:56 AM
#2420   Still not going to tell anyone that the LarryAshy 07/24/17 06:35:58 AM
#2419   a BK company can not RS - or Diggie-HH 07/24/17 03:20:31 AM
#2418   Reverse Split coming this week just confirmed. Ouchie Eagle007 07/23/17 11:56:43 PM
#2417   MM's seem to be all over this since stdytrdr 07/22/17 07:36:43 PM
#2416   Dont you see the Huge Blocks getting loaded ALL-IN888 07/22/17 12:24:43 PM
#2415   no: every common unit holder will become 3 Diggie-HH 07/22/17 11:16:31 AM
#2414   You will likely get buyers if/when the pps technicolor turncoat 07/22/17 10:41:43 AM
#2413   My interpretation of the 3% Warrants: Renee 07/22/17 10:36:48 AM
#2412   how many shares u have? Diggie-HH 07/22/17 10:22:50 AM
#2411   :), I don't want to misled you, but dnoto 07/22/17 10:21:53 AM
#2410   so u think we both will get the Diggie-HH 07/22/17 10:16:14 AM
#2409   I have not traded that symbol, but "I dnoto 07/22/17 10:15:12 AM
#2408   me too-i guess ! Do u think u Diggie-HH 07/22/17 10:12:40 AM
#2407   We can sell the warrants at what price? Macaveli 07/22/17 10:11:51 AM
#2406   Valid question and I don't know the answer, dnoto 07/22/17 10:11:26 AM
#2405   But tell me why is the Price right Diggie-HH 07/22/17 10:03:45 AM
#2404   You can sell the warrants without buying them technicolor turncoat 07/22/17 10:02:56 AM
#2403   It's not bad, however please note the additional dnoto 07/22/17 09:57:26 AM
#2402   Vanguard Natural Resources LLC, Inst Holders, 2Q 2017 (VNRSQ) dnoto 07/22/17 09:53:11 AM
#2401   The Warrants are not Bad for us! Diggie-HH 07/22/17 09:39:17 AM
#2400   Agreed. SRV1975 07/21/17 05:12:31 PM
#2399   Nope hwpbnj 07/21/17 03:40:51 PM
#2398   .06 close? hwpbnj 07/21/17 03:28:50 PM
#2397   My L2 just showed a trade from .0489 CMRacing 07/21/17 02:29:05 PM
#2395   This one is done imo Wisco Wolf 07/21/17 02:14:08 PM
#2394   Wow if u read thenlatest 8k it says stokbrokin 07/21/17 02:02:28 PM
#2393   BOTTOM IN!! 7 Downside Waves No more sellers! ALL-IN888 07/21/17 01:41:33 PM
#2392   I'd be extremely surprised if this ever went hwpbnj 07/21/17 12:36:07 PM
#2391   Call MM crook LAFC why are they are ALL-IN888 07/21/17 12:25:29 PM
#2390   That didn't answer my question, but okay. hwpbnj 07/21/17 12:16:11 PM
#2389   What the MMs does is beyond anyone's control; ALL-IN888 07/21/17 12:15:24 PM
#2388   Glad I got out yesterday yikes masahirox 07/21/17 12:13:01 PM
#2387   A few posts after this you said "back hwpbnj 07/21/17 12:10:54 PM
PostSubject