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Friday, February 24, 2012

Cougar Oil and Gas Canada Obtains Extension to CCAA and DIP Financing

CALGARY, ALBERTA--(Marketwire - Feb. 24, 2012) - Cougar Oil and Gas Canada, Inc. ("the Company") (OTCBB:COUGF) has requested and obtained an extension of the stay of proceedings granted pursuant to the Order of the Alberta Court of Queen's Bench (the "Court") dated February 3, 2012, providing creditor protection under the Companies' Creditors Arrangement Act (Canada) ("CCAA"). The Court was of the view that the company has acted diligently and in good faith and as a result, extended the stay period...continued
 

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