Anterra Energy Inc - : Arranged an interim, first-priority loan with a related party, of $2.5 million to fund companies' creditors arrangement act's proceedings . Loan to fund expenditures required to bring co's oilfield operations back online and general operations .Anterra energy announces extension of CCAA protection until August 16, 2016 and resignation of director.
Anterra Energy Inc : Anterra Energy Inc announces CCAA protection and cease trade orders . Arranged for a $2.5 million interim convertible loan which lender has agreed may be used to fund CCAA process and for related expenses . Anterra's efforts to pursue strategic alternatives has been severely hindered by unprecedented downturn in oil and gas industry in Alberta . Board will maintain its usual role under supervision of Pricewaterhousecoopers inc. As court-appointed monitor . Obtained creditor protection under companies' creditors arrangement act . Board of directors will maintain its usual role and management will remain responsible for company's day-to-day operations .Continues to explore a number of alternatives, including a sale of company and repayment of all creditors.