TXCO Resources Receives Court Approval of $32 Million Debtor-in-Possession Financing Agreement.
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TXCO Resources Receives Court Approval of $32 Million Debtor-in-Possession Financing Agreement.
SAN ANTONIO -- TXCO Resources Inc. (Pink Sheets:TXCOQ) today announced that it has received final bankruptcy court approval of a $32 million debtor-in-possession (DIP) financing agreement. This will allow the Company to continue operations during its restructuring and preserve its leasehold assets, including drilling required to maintain certain lea...
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