Canacol Energy Filed for Relief Under Chapter 15 of the U.S. Bankruptcy Code

TORONTO, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (TSX: CNE) (OTCQX: CNNEF) (BVC: CNE.C) (“Canacol” or the “Company”), announces that the Company and certain of its subsidiaries filed for relief under Chapter 15 of the U.S. Bankruptcy Code in the Bankruptcy Court for the Southern District of New York. The petitions for relief seek recognition of the Company’s Canadian proceeding commenced under the Companies' Creditors Arrangement Act, or CCAA, in the Court of King’s Bench of Alberta as a foreign main proceeding.