General Announcement::Canacol Energy Secures Key Restructuring Decision from Alberta Court

Issuer & Securities

Issuer/ Manager
CANACOL ENERGY LTD.
Securities
CANACOLENE US$500M5.75%281124A - US134808AD63 - PNTB
CANACOLENE US$500M5.75%281124R - USU13518AC64 - YW0B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
27-Jun-2026 03:27:24
Status
New
Announcement Sub Title
Canacol Energy Secures Key Restructuring Decision from Alberta Court
Announcement Reference
SG260627OTHR0CWW
Submitted By (Co./ Ind. Name)
Canacol Energy Ltd.
Designation
SGX-SE
Description (Please provide a detailed description of the event in the box below)
Calgary, Alberta and Bogot , Colombia June 26, 2026 Canacol Energy Ltd. ("Canacol" or the "Company") (TSX: CNE), a leading natural gas exploration and production company operating in Colombia, today announced that the Court of King's Bench of Alberta issued a decision on June 24, 2026, granting Canacol permission to disclaim natural gas supply and transportation contracts as part of its ongoing restructuring under the Companies' Creditors Arrangement Act (CCAA).
The decision, rendered by the Honourable Justice Colin C.J. Feasby, represents a significant milestone in Canacol's restructuring process and reflects a careful and respectful consideration of Colombian interests throughout.
A copy of the Court's decision can be found on the case website of Canacol's court-appointed Monitor, KPMG Inc.: https://kpmg.com/ca/en/services/advisory/deal-advisory/creditorlinks/canacol-energy-ltd.html

Attachments

2026.06.26 - Canacol Energy Secures Key Restructuring Decision from Alberta Court.pdf
Total size =106K