Sept 30 Pacific Andes Resources Development
* (Update On Restructuring Process)
* On 29 september 2016 it has filed a voluntary petition for
relief under chapter 11 of united states bankruptcy code.
* "this has left company with no realistic option but to
instruct its lawyers to withdraw from singapore proceedings"
* "PARD has obtained chapter 11 protection against
precipitous actions of bank creditors"
* Lenders have rendered it impossible to achieve an
effective restructuring in Singapore
* Will continue to engage and work closely with all
creditors, including bondholders
Source text (bit.ly/2dd5Hvc)
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