RANCHER ENERGY CORP. -- kommt hier noch was ?

Antwort auf Beitrag Nr.: 41.235.607 von killeraktien am 19.03.11 10:53:41klar kommt noch was...0,0000001

Form 8-K for RANCHER ENERGY CORP.

21-Mar-2011

Completion of Acquisition or Disposition of Assets, Financial Statements and


Item 2.01 Completion of Acquisition or Disposition of Assets

Closing of Sale of Debtor's Assets

On March 16, 2011, Rancher Energy Corporation ("the Company") closed on the sale of substantially all of its assets pursuant to the Asset and Purchase Agreement with Linc Energy Petroleum (Wyoming), Inc. ("Linc") dated as of December 20, 2010, previously disclosed in the Company's Current Report on Form 8-K, filed with the Securities and Exchange Commission (SEC) on March 3, 2011. Such sale of assets was approved by United States Bankruptcy Court for the District of Colorado (the "Court"), in connection with the Company's Chapter 11 Bankruptcy proceedings (Case number 09-32943.)

In exchange for cash of $20 Million plus other potential future consideration up to $825,000, and subject to other adjustments as specified in the Asset Purchase Agreement, the Company sold all right, title and interest in and to substantially all operating assets, properties, rights and business of every kind, character and description, to the extent owned, held or primarily used in the conduct of the Company's business. At December 31, 2010, the Company's total assets, not counting cash and cash equivalents and operator bond deposits had a total net book value of $16,500,000. Funds from the sale of assets were primarily used to pay outstanding principal and accrued interest on a Debtor-In-Possession Loan.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits. The following is a complete list of exhibits filed as part of this Report. Exhibit numbers correspond to the numbers in the exhibit table of Item 601 of Regulation S-K.

Exhibit No. Description

10.1 Asset Purchase Agreement by and between Rancher Energy
Corp and Linc Energy Petroleum

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*Filed as an exhibit to the Current Report on Form 8-K, filed with the SEC on March 3, 2011

Antwort auf Beitrag Nr.: 41.236.050 von tradenational am 19.03.11 13:31:36Na erst mal hat es sich in die andere Richtung orientiert!

Ja, Norden ;-)

Antwort auf Beitrag Nr.: 41.705.418 von Logozauber am 27.06.11 16:13:47Ich dachte immer ,Norden heisst runter?