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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| T2 Metals Corp | TSXV:TWO | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.005 | -1.67% | 0.295 | 0.29 | 0.30 | 0.31 | 0.29 | 0.31 | 41,600 | 20:53:16 |
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Twoco Petroleums Ltd. ("Twoco") (TSX VENTURE:TWO) announces that its lender,
Alberta Treasury Branches ("ATB"), has made demand upon Twoco for payment in
full of its outstanding indebtedness in the aggregate amount of approximately
$19.55 million plus accrued interest, costs and fees by the close of business on
March 1, 2013. In addition, ATB has provided Twoco with a Notice of Intention to
Enforce Security pursuant to subsection 244(1) of the Bankruptcy and Insolvency
Act (Canada) ("BIA"). Twoco has consented to: (i) the immediate enforcement by
ATB of its security over Twoco's property and assets pursuant to subsection
244(2) of the BIA; and (ii) ATB's immediate disposition of any or all collateral
subject to ATB's security immediately or otherwise as ATB may determine in its
sole discretion, without notice as required by the Personal Property Security
Act (Alberta).
FOR FURTHER INFORMATION PLEASE CONTACT:
Twoco Petroleums Ltd.
Wayne A. Malinowski
President and Chief Executive Officer
(403) 231-8653
(403) 237-6048 (FAX)
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