Canacol Energy Ltd. has secured a $45 million DIP Financing agreement with an ad hoc group of note holders to fund ongoing operations and restructuring costs. The financing will be used to renew or replace letters of credit and support broader restructuring efforts under the CCAA. The Company’s shares have been suspended from trading in Canada, but are still listed in the US and Colombia. Shareholders can find more information on the Monitor’s website. Canacol is a natural gas exploration and production company based in Colombia. Forward-looking statements in this press release are subject to risks and uncertainties.

Read more at GlobeNewswire: Canacol Energy Announces Agreement for Debtor in Possession