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Elk Petroleum Investors Ask Court To Nix Ch. 11 Financing

By Rose Krebs ( June 14, 2019, 7:58 PM EDT) -- Stockholders who already filed suit over a stock-to-debt conversion prior to Elk Petroleum Inc.'s Chapter 11 are now taking aim at Elk's proposal for up to $10 million in post-petition financing, telling the Delaware bankruptcy court the financing has flawed terms and may not even be needed....

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