STORM CAT ENERGY CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial

Item 1.01. Entry into a Material Definitive Agreement. As previously reported, on November 10, 2008, all of the direct and indirect wholly-owned subsidiaries of Storm Cat Energy Corporation (the "Company") filed a voluntary petition for reorganization (the "Reorganization Cases") under Chapter 11 of the United States Bankruptcy Code (the "Code") in the United States Bankruptcy Court for the District of Colorado (the "Bankruptcy Court") and in connection therewith entered into the previously reported Restated DIP Credit Agreement dated January 30, 2009 (the "DIP Credit Agreement") by and between Storm Cat Energy (USA) Corporation, wholly owned subsidiary of the Company ("Storm Cat (USA)"), as a debtor and debtor-in-possession and as Borrower, each subsidiary of Storm Cat (USA) (the "Subsidiaries"), each as a debtor and debtor-in-possession and as Guarantors, the Company, as a non-debtor Guarantor, and the lenders signatory thereto as Lenders. On March 30, 2009, the Bankruptcy Court approved an order (the "Order") authorizing the First Amendment (the "First Amendment") to the DIP Credit Agreement and extended the debtors' ability to use Cash Collateral (within the meaning of section 363(a) of the Code). Effective as of March 30, 2009, the Company and the Subsidiaries entered into the First Amendment with Regiment Capital Special Situations Fund III, L.P., as agent, and the lenders signatory thereto. The First Amendment provides, among other changes, for the extension of the maturity date under the DIP Credit Agreement (the "Maturity Date"), which is the earliest of (a) July 31, 2009 (this date was previously March 31, 2009), (b) the date of the substantial consummation of a plan of reorganization in the Reorganization Cases that has been confirmed by an order of the Bankruptcy Court, and (c) the date of a sale of substantially all of the assets of Storm Cat (USA) and the Subsidiaries...
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STORM CAT ENERGY CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial

Item 1.01. Entry into a Material Definitive Agreement. On January 30, 2009, a wholly owned subsidiary of Storm Cat Energy Corporation ("Storm Cat"), Storm Cat Energy (USA) Corporation ("Storm Cat (USA)"), as a debtor and debtor-in-possession and as Borrower, each subsidiary of Storm Cat (USA) (the "Subsidiaries" and together with Storm Cat (USA) and Storm Cat, the "Loan Parties"), each as a debtor and debtor-in-possession and as Guarantors, and Storm Cat, as a non-debtor Guarantor, entered into a Restated DIP Credit Agreement (the "DIP Credit Agreement") with the lenders signatory to the DIP Credit Agreement as Lenders, and Regiment Capital Special Situations Fund III, L.P., as Agent. Storm Cat (USA) and the Subsidiaries entered into the DIP Credit Agreement in connection with the previously reported filings for reorganization (the "Reorganization Cases") under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Colorado (the "Bankruptcy Court"). As previously reported, on December 31, 2008, the Bankruptcy Court granted a motion and entered a final order on the docket (the "Order") authorizing Storm Cat (USA) and the Subsidiaries to obtain approximately $14 million in principal amount of post-petition financing on terms and conditions set forth in the Order and in the DIP Credit Agreement. The DIP Credit Agreement provides for aggregate post-petition loans and advances of up to $12,500,000, $2,700,000 of which had been advanced prior to January 30, 2009. The use of proceeds under the DIP Credit Agreement must be made in accordance with the expenditure line items set forth on a budget that the Company presented to the Lenders, which are limited to, payment of transactional fees, costs, and expenses incurred in connection with the DIP Credit Agreement, other related documents and the transactions contemplated by the DIP Credit Agreement a...
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STORM CAT ENERGY CORP Files SEC form 8-K, Other Events

Show all filings for STORM CAT ENERGY CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for STORM CAT ENERGY CORP 7-Jan-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for tradi...
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STORM CAT ENERGY CORP Financials

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STORM CAT ENERGY CORP Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Stand

ITEM 3.01 - NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD; TRANSFER OF LISTING. On November 17, 2008, Storm Cat Energy Corporation (the "Company") received a notice from the NYSE Alternext US LLC (the "NSYE Alternext US") that, pursuant to Section 1009 of the NYSE Alternext US Company Guide (the "Company Guide"), the NYSE Alternext US intends to file a delisting application with the Securities and Exchange Commission to strike the Company's common shares from listing and registration on the NYSE Alternext US in accordance with Section 12 of the Securities Exchange Act of 1934 and the rules promulgated thereunder. The notice indicated that the Company was not in compliance with the following provisions of the Company Guide: (1) Section 1003 (a)(iv) of the Company Guide as a result of the subsidiaries of the Company filing voluntary petitions for reorganization under Chapter 11 of the United State Bankruptcy Code on November 10, 2008 (the "Chapter 11 Filing"); (2) Section 1003(a)(i) of the Company Guide given stockholders' equity of less than $2,000,000 and losses from continuing operations and/or net losses in two out of three of its three most recent fiscal years; (3) Section 1003(a)(ii) of the Company Guide given stockholders' equity of less than $4,000,000 and losses from continuing operations and/or net losses in three out of its four most recent fiscal years; (4) Section 1003(a)(iii) of the Company Guide given stockholders' equity of less than $6,000,000 and/or losses from continuing operations and net losses in its five most recent fiscal years; and (5) Section 1003(c)(3) of the Company Guide whenever advice has been received, deemed by the NYSE Alternext US to be authoritative, that the security is without value. Furthermore, the NYSE Alternext US recommended that the Company, pursuant to Section 1003(f)(v) of the Company Guide, execute a reverse stock split because its common stock has...
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