Lightstream Resources Ltd -- Moody's: Lightstream's further asset disposition is credit positive

Toronto, September 05, 2014 -- Lightstream Resources Ltd. (Lightstream) announced that it will sell its remaining southeast Saskatchewan Conventional assets for cash proceeds of C$375 million bringing total asset dispositions to C$729 million for the year, thus completing the disposition program. This is a credit positive move for Lightstream because the proceeds will be used to repay debt under its revolver, improving its weak leverage metrics and reducing the very high revolver utilization. For additional commentary, please refer to the associated issuer comment available on Moodys.com.

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