Page 4 - Proposal Trustee News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To print this article, all you need is to be registered or login on Mondaq.com. On October 8, Greenfire Oil and Gas Ltd. and Greenfire Hangingstone Operating Corporation (collectively, Greenfire) each filed a Notice of Intention to Make a Proposal pursuant to section 50.4(1) of the Bankruptcy and Insolvency Act (Canada), RSC 1985, c B-3, as may be amended from time to time (the BIA) (such proceedings, referred to herein as the NOI Proceedings) and Alvarez & Marsal Canada Inc. was appointed as Proposal Trustee (the Proposal Trustee) of Greenfire. Greenfire is focused o...

(2) Montreal, Quebec--(Newsfile Corp. - February 19, 2021) - Algold Resources Ltd. (TSXV: ALG) ("Algold") announced today that, in the context of its Proposal, it has entered into a binding agreement (the "Investment Agreement") with Aya Gold & Silver Inc. (TSX: AYA) ("Aya") whereby Aya will fund its Proposal and at closing, become sole shareholder of Algold (the "Transaction"). Under the terms of the Investment Agreement, existing Algold shares will be cancelled and Aya will subscribe for 100% of the newly issued and outstanding shares of Algold. Closing of the Transaction is subject to a nu...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Aya Gold & Silver Signs Binding Agreement to Acquire Algold Resources Aya Gold & Silver Inc.February 19, 2021 GMT Mont-Royal, Feb. 19, 2021 (GLOBE NEWSWIRE) -- Montreal, Quebec, February 19, 2021 - Aya Gold & Silver Inc. (TSX: AYA) (“Aya” or the “Corporation”) is pleased to announce that, in the context of the Proposal made by Algold Resources Ltd. (“Algold”), it has entered into a binding term sheet (the “Investment Agreement”) with Algold pursuant to which Aya would fund Algold’s...

(MENAFN - GlobeNewsWire - Nasdaq) Mont-Royal, Feb. 19, 2021 (GLOBE NEWSWIRE) -- Montreal, Quebec, February 19, 2021 - Aya Gold & Silver Inc. (TSX: AYA) ('Aya' or the 'Corporation') is pleased to announce that, in the context of the Proposal made by Algold Resources Ltd. ('Algold'), it has entered into a binding term sheet (the 'Investment Agreement') with Algold pursuant to which Aya would fund Algold's Proposal to its creditors ('the Proposal') and at closing, would become the sole shareholder of Algold (the 'Transaction').  Under the terms of the Investment Agreement, Aya will provid...

n y”) is providing an important update to the Company’s previously announced proposal (as amended from time to time, the “ Proposal”) under the Bankruptcy and Insolvency Act (Canada), 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”). Further to the Company’s news release dated January 4, 2021, the Company intends on implementing the Proposal on or prior to January 29, 2021 (the...