Sahara Energy Ltd. Announces Approval of Creditors Proposal
25 June 2010 - 6:20AM
Marketwired Canada
Sahara Energy Ltd. ("Sahara" or the "Company") (TSX VENTURE:SAH) (PINK
SHEETS:SAHRF) is pleased to announce that, further to its news release of June
8, 2010, the secured creditors and the unsecured creditors of Sahara voted in
favor of Sahara's proposal under the Bankruptcy and Insolvency Act at a meeting
of the creditors held on June 22, 2010. The finalization of the proposal remains
subject to court approval, which will be sought by Deloitte and Touche Inc. who
is acting as trustee under Sahara's proposal. The proposal is also subject to
regulatory and shareholder approval.
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