BPZ Res. Inc. (fka BPZRQ)

[C C]

Court date extended to Sept. 8
from 8-k dated 8-25-15

As previously disclosed on Form 8-K filed with the SEC on August 6, 2015, after the closing of the Purchase and Sale Agreements authorized by the Bankruptcy Court and described therein, the Company has no further business operations. The only remaining assets to liquidate are non-operating assets consisting of the three GE LM 6000 PD gas fired turbine packaged power units, which have been transferred from a subsidiary to the Company in preparation for sale and liquidation. The Company had planned to file a Plan of Liquidation under Chapter 11 on or before the Bankruptcy Court deadline of August 6, 2015, which deadline has been extended and is now expected to be filed on or before the Bankruptcy Court deadline of September 8, 2015

The Company believes a Plan of Liquidation will result in holders of the Company’s capital stock receiving no distribution on account of their interests and cancellation of their existing stock..


http://ih.advfn.com/p.php?pid=nmona&article=68292193


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