EastCoal Announces Approval of Court Application
17 January 2014 - 11:00PM
Marketwired Canada
EastCoal Inc. (TSX VENTURE:ECX)(AIM:ECX) ("EastCoal" or the "Company") announces
that on January 16, 2014 the Supreme Court of British Columbia (the "Court")
issued a court order approving the Company's application for the sale of its
subsidiaries as announced on January 16, 2104 (the "Disposals"). In addition,
the Court issued the Company with a 46 day extension to make a proposal to its
creditors under the Bankruptcy and Insolvency Act (Canada) ("BIA"). The
extension has the effect of allowing the Company until March 3, 2014 in which to
make a proposal to creditors.
The Company has also received conditional approval of the TSX Venture Exchange
for the Disposals.
FOR FURTHER INFORMATION PLEASE CONTACT:
EastCoal Inc.
Abraham Jonker
President
+1 (604) 681-8069
info@eastcoal.ca
www.eastcoal.ca
Cenkos Securities plc
Alan Stewart/Derrick Lee
+44 (0) 131 220 6939
Eastcoal (TSXV:ECX)
Historical Stock Chart
From May 2024 to Jun 2024
Eastcoal (TSXV:ECX)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Eastcoal (TSX Venture Exchange): 0 recent articles
More EastCoal Inc. News Articles