Page 9 - Restructuring Inc News Today

Nabis Holdings Inc. Announces Creditor Approval of Proposal VANCOUVER, British Columbia, Dec. 15, 2020 — Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: A2PL) (“ Nabis” or the “ n y”) today announced that the Company’s previously announced proposal (as amended from time to time, the “ Proposal”) under the BIA”) was unanimously approved by the Company’s creditors (the “ Creditors”) who were present (in person or by proxy) and voted at the meeting of the Creditors held ...

Galit Rodan/The Globe and Mail Sandra Kang is fighting to salvage all the things at her 103-year-old grandfather’s nursing home that bring him comfort: the Korean corn tea served at every meal, music from his East Asian country, personal support workers who speak his mother tongue. Jong Kil Kim moved to the Rose of Sharon Korean Long Term Care home in Toronto two years ago, when his Alzheimer’s disease and dementia made it difficult to look after himself and speak in English. But his nursin...

Proposal”) under the Bankruptcy and Insolvency Act (Canada) (the “ BIA”), pursuant to which the Company will implement a recapitalization of the Company’s outstanding CDN$35 million principal amount of 8.0% unsecured convertible debentures (the “ Debentures”) and all other debts of the Company (the “ Recapitalization”). The amended proposal (the “ Amended Proposal”) was made with the support of the holders of Debentures who were party to the previously announced support agr...

7636156 Canada), the trustee in bankruptcy (Trustee) of 7636156 Canada Inc. (Bankrupt), brought a motion for determination of the amount that the Bankrupt’s landlord (Landlord) was entitled to draw down on an LC provided to the Landlord as security for the Bankrupt’s obligations under a lease (Lease) and for payment of any excess amount not entitled to be drawn to be paid to the Trustee. To secure its reimbursement obligation to the LC issuer, the Bankrupt had deposited cash collateral with...

Proposal”) under the Bankruptcy and Insolvency Act (Canada) (the “ BIA”), pursuant to which the Company will implement a recapitalization of the Company’s outstanding CDN$35 million principal amount of 8.0% unsecured convertible debentures (the “ Debentures”) and all other debts of the Company (the “ Recapitalization”). The amended proposal (the “ Amended Proposal”) was made with the support of the holders of Debentures who were party to the previously announced support agr...