Arsenal Resources: Arsenal Resources : Successfully Completes Pre-Packaged Financial Restructuring

(marketscreener.com) Arsenal Resources announced today that its pre-packaged plan of reorganization was confirmed on December 19, 2019. The Company expects the plan to become effective in the first week of January 2020. As previously announced, the plan implements a debt-for-equity exchange pursuant to which $360 million of long-term debt will be converted into...http://www.marketscreener.com/news/Arsenal-Resources-Successfully-Completes-Pre-Packaged-Financial-Restructuring--29758016/?utm_medium=RSS&utm_content=20191220