Announcement • Mar 30
Canacol Energy Ltd. Announces Resignation of Peter Laurinaitis as Independent Director Canacol Energy Ltd. announced that, on March 26, 2026, the Court of King’s Bench of Alberta granted an order in the Company’s ongoing restructuring proceedings under the Companies’ Creditors Arrangement Act (Canada) approving the engagement of Breakpoint Advisory Partners LLC as Chief Restructuring Officer of the Company. Breakpoint will oversee and direct at the management level all Company strategic, transactional, and operational matters in connection with the Company’s restructuring. Breakpoint will provide direct input and advice to the Board of Directors of Canacol. These services will be provided through Breakpoint personnel including Mr. Peter Laurinaitis, Mr. Jeffrey Stein and Mr. Joe Turner. Mr. Laurinaitis was an independent director of Canacol. Mr. Laurinaitis disclosed his interest in Breakpoint and abstained from voting on Breakpoint's appointment as Chief Restructuring Officer. Following the Chief Restructuring Officer appointment, Mr. Laurinaitis has resigned as an independent director from the Board. Breakpoint and Mr. Laurinaitis will continue to attend Board and special committee meetings to assist and support the Board during the Company’s restructuring efforts. Peter Laurinaitis is an experienced financial advisor and investment banker with 30 years of transactional experience in financial restructuring, capital raising, mergers & acquisitions, special situations, and corporate turnarounds. Mr. Laurinaitis currently serves as a Managing Partner of Breakpoint Partners LLC, a restructuring and special situations advisory firm. Previously and over the last 24 years, Mr. Laurinaitis served as a Partner in both the Restructuring and Special Situations Group of PJT Partners and the Restructuring Group at Blackstone. Mr. Laurinaitis also served as a CPA and turnaround consultant in the Corporate Restructuring Group of Arthur Andersen. 
