TRENQ Torrent Energy Corp. featured news, full reports, and detailed charts
Torrent Energy Corp. (TRENQ/TRENQ.PK) Wrap Up:
Torrent Energy Corporation, an exploration stage company, engages in the exploration for coalbed methane in the Coos Bay region of Oregon and in the Chehalis Basin region of Washington State. The company, through its subsidiary, Methane Energy Corp., holds leases to approximately 107,000 acres of prospective coalbed methane lands in the Coos Bay Basin. Torrent Energy, through its subsidiary, Cascadia Energy Corp., also evaluates approximately 91,200 acres under private and state leases located in the Chehalis Basis. The company is based in Portland, Oregon. On June 2, 2008, Torrent Energy Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 i...Torrent Energy Corp. (TRENQ:OTC)
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Key developments for Torrent Energy Corp. (TRENQ)
Torrent Energy Corp’s common stock has been deleted from OTC Bulletin Board effective November 17, 2008 on account of its filing Form 15. The company has been added to Other OTC.
Torrent Energy Corporation’s has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the common stock is $0.001per share.
Torrent Energy Corp. announced that the bankruptcy court has approved the bid procedures for the Company's asset sale, including a minimum bid amount of $4.55 million for substantially all the assets of the Company. Under the asset sale bidding procedures approved by the Bankruptcy Court, all bids must be received no later than November 7, 2008 at 3:00 p.m. If qualifying bids are received an auction will be held on November 11, 2008 at 10:00 a.m. at the offices of Perkins Coie LLP in Portland, Oregon. A hearing to approve the sale will be held on November 13, 2008 at 9:30 a.m. Pacific and the parties expect to close the sale on or before November 15, 2008.
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