Canacol obtuvo US$15 millones y avanza en su proceso de reestructuración

TL;DR

Canacol has received an initial $15 million disbursement under its DIP financing agreement.
This financing is part of the company's financial restructuring process.
The DIP financing is governed by a commitment letter with holders of senior unsecured notes.
The financing scheme received approval from the Court of King's Bench of Canada and recognition from the U.S. Bankruptcy Court for the Southern District of New York.
Canacol is working towards a second disbursement of $30 million, expected around January 30th.
KPMG Inc. is acting as the monitor in the Canadian proceedings.
Material non-public information has been made available on the monitor's website.
Canacol's ordinary shares have been delisted from the Toronto Stock Exchange, and trading on the BVC remains suspended indefinitely.

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