Nabis Holdings Inc. Receives Court Approval of Proposal - Press Release
n y”) provides an update with respect to the hearing to approve the Company’s previously announced proposal (as amended from time to time, the “ Proposal”) under the Bankruptcy and Insolvency Act (Canada) (the “ BIA”). On December 21, 2020, the Ontario Superior Court of Justice (Commercial List) granted an order (the “ Approval Order”) approving the Proposal in accordance with its terms and the BIA. Pursuant to the Proposal, the Company will implement a recapitalization of the Company’s outstanding CDN$35 million principal amount of 8.0% unsecured convertible debentures and...
Source: digitaljournal.com