- Filing under the Companies’ Creditors Arrangement Act (“CCAA”) will enable the Company to restructure its financial affairs and emerge as a stronger entity
- Contemplated sale and capital injection will enable Black Press to continue serving readers, advertisers and other valued stakeholders
SURREY, BC, Jan. 15, 2024 /PRNewswire/ – Black Press Ltd. and certain of its subsidiaries (collectively “Black Press” or the “Company”), announced today that it obtained an Initial Order on January 15, 2024 (the “Initial Order”) under the Companies’ Creditors Arrangement Act (the “CCAA” and the Company’s proceedings thereunder, the “CCAA Proceedings”) from the Supreme Court of British Columbia (the “Court”) in Vancouver.
The Initial Order provides…
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