Press Release | Black Press Ltd.
Black Press Ltd. and certain of its subsidiaries, have announced that it obtained an Initial Order on Jan. 15 under the Companies’ Creditors Arrangement Act (CCAA) from the Supreme Court of British Columbia in Vancouver.
The Initial Order provides for, among other things, a stay of proceedings in favor of the company, the approval of debtor-in-possession financing to be provided by Canso Investment Counsel Ltd, and the appointment of KSV Restructuring Inc. as monitor of the Company. The Initial Order also extends the stay of proceedings to certain subsidiaries of the company that are not petitioners in the CCAA Proceedings.
In connection with the CCAA Proceedings, the company has entered into a s…
Read the full article at: https://www.editorandpublisher.com/stories/black-press-announces-corporate-restructuring-and-sale-transaction,247647