Xinergy Ltd.

Xinergy Ltd. – TSX is reviewing the common shares (Symbol: XRG) of the Company with respect to meeting the requirements for continued listing pursuant to the Expedited Review Process. The common shares are suspended from trading immediately.

Xinergy announced today that the Company and twenty-five subsidiaries filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Western District of Virginia, Roanoke Division. Xinergy has mineral reserves, mining operations and coal properties in the Central Appalachian regions of West Virginia and Virginia. The Company will operate i...

Xinergy announced today that it plans to hold a conference call to discuss the third quarter 2014 financial results on Friday, February 13, 2015 at 10:00a.m. EST. The financial results were released by the Company on November 14, 2014, and are available at our website www.xinergycorp.com or www.sedar.com. Interested parties are invited to participate in the conference call, during which prepared remarks from the [...]

Xinergy announces that it has completed its option exchange program which was previously approved by disinterested shareholders at the Company's annual and special meeting held on June 11, 2014. Pursuant to the terms of the Program, an aggregate of 2,916,152 options to purchase common shares of the Company were exchanged for an aggregate of 1,714,706 Options. Each of the exchanged Options will allow the holder to [...]

Xinergy announces that it has terminated both the Letter Agreement with Aries Energy Group, LLC and Credit Agreement with Aries Energy Venture Investor. The contemplated, and signed, proposed financing with Aries did not close. While the Company is and has been prepared to close the financing, Aries has failed to fulfill its obligations under the Credit Agreement, and fund the financing. As previously announced, the [...]

Xinergy announced that later today it will cure the previously announced default on the Company's 9.25% senior secured notes by making payment of approximately US$9 million in interest owed on the Notes. The interest payment initially was due on November 17, 2014. The Company is making the payment from cash from operations. The contemplated, and signed, financing with Aries Energy Group Venture Investor, LLC, has not [...]

Xinergy announced today that it is continuing its efforts to complete the US$25 million convertible loan with Aries Energy Group Venture Investor that it announced on November 7, 2014. The Aries Loan remains on track to close as soon as possible and the short delay has been driven by the completion of the fund formation on the part of Aries. The Company has obtained the requisite written consents of the shareholders [...]

The Company entered into a $25 million senior secured second lien credit agreement with Aires Energy Group Venture Investor, LLC on November 6 for convertible debt. The Company amended its metallurgical coal supply agreement with Globe Metallurgical to reflect increases in price and tonnage while extending the term through June 2017. In July 2014, we partnered with Mercuria Energy Trading ("Mercuria"), one of the [...]

Xinergy announced today that it plans to release financial results for the third quarter 2014 after the market closes on Friday, November 14, 2014 and hold a conference call to discuss those results on Tuesday, November 18, 2014 at 10:00 a.m. EDT. Interested parties are invited to participate in the conference call, during which prepared remarks from the Company's management team will be followed by a question and [...]

Xinergy is pleased to announce that it has entered into a senior secured second lien credit agreement for convertible debt with Xinergy and Aries Energy Group Venture Investor. The Investor will be the direct owner of the Loan. The Credit Agreement is available under the Company's profile on SEDAR at www.sedar.com. Consummation of the financing is subject to approval of the Toronto Stock Exchange ("TSX"), the Co...