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Article: Admiral Bay Engages FIG Partners as Financial Advisor to Evaluate Strategic Alternatives; Company Amends Credit Facility to Allow for Additional PIK Period.
- Article from:
- Marketwire Canada
- Article date:
- October 6, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CENTENNIAL, COLORADO, Oct 6, 2009 (Marketwire via COMTEX) -- Admiral Bay Resources Inc. (TSX VENTURE:ADB) Admiral Bay Resources Inc. ("Admiral Bay" or the "Company") announces that its board of directors is exploring strategic alternatives to increase shareholder value. The Company has engaged FIG Partners LLC Energy Research & Capital Group ("FIG") as its financial advisor to assist in the strategic alternatives process. FIG will assist the Company in identifying and analyzing various alternatives, including merger alternatives or possible restructuring of the Company's credit facility.
The Company executed an amendment to its credit agreement with Gasrock ...