Replies to post #467 on Ultra Petroleum Corp fka UPL

[eFinanceMarkets]

Ultra Petroleum exits bankruptcy; to begin trading tomorrow on Nasdaq

Ultra Petroleum (OTCPK:UPLMQ) says it has emerged from Chapter 11 bankruptcy after successfully completing its in-court restructuring; newly issued shares will begin trading tomorrow on the Nasdaq GSM under the ticker symbol UPL.

In connection with its emergence from chapter 11, Ultra says it is issuing 195M new common shares; all existing UPLMQ shares have been cancelled, with existing shareholders receiving new common shares as set forth in the plan of reorganization.