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Tuscany provides update on restructuring process


Published Jun 12, 2014
Tuscany International Drilling Inc.

Tuscany International Drilling Inc. announces that the First Amended Joint Plan of Reorganization for Tuscany and Tuscany International Holdings (U.S.A.) Ltd. (the "Affiliate Debtor") under Chapter 11 of the United States Bankruptcy Code (US Code) dated May 19, 2014 (the "Chapter 11 Plan") was confirmed by order (the "Confirmation Order") of the United States Bankruptcy Court for the District of Delaware (the "US Court") on May 21, 2014.

The Confirmation Order was recognized and given full effect in Canada by order of the Court of Queen's Bench of Alberta, Judicial District of Calgary granted on May 22, 2014.

Certain steps to be undertaken in connection with consummation of the Chapter 11 Plan have been implemented with the result that the Effective Date, as defined therein, has occurred.

Tags: Tuscany International Drilling Inc.




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