Canacol Energy Seeks Creditor Protection to Pursue Restructuring

TORONTO, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (TSX: CNE) (OTCQX: CNNEF) (BVC: CNEC) (“Canacol” or the “Company”), today announces that the Company and its subsidiaries are seeking an order for creditor protection (the “Initial Order”) from the Court of King’s Bench of Alberta (the “Court”) pursuant to the Companies’ Creditors Arrangement Act (the “CCAA”). The CCAA is a federal statute in Canada that allows qualifying insolvent companies to restructure their affairs under court supervision, ...