Results for Canada
- Veris Gold Rises As Restructuring Committee Investigates Strategic Alternatives
The TSX-listed stock of North American gold producer Veris Gold on Monday climbed after the company announced that a restructuring committee announced earlier this month was investigating strategic alternatives and to plan the financial restructuring of ...
Daily Headline - global.abi.org - 02/24/2014 - 20:43 - 0 comments
- Mobilicity Creditor Turns To Court For $1.7M In Past Payments, Pressure Builds To Find Buyer
Pressure is building on Mobilicity to lock down a deal with a buyer as one of its suppliers is now pushing for payment of $1.7-million in fees owing. Mobilicity, known formally as Data and Audio-Visual Enterprises (DAVE) Wireless, is under court protecti ...
Daily Headline - global.abi.org - 02/19/2014 - 20:46 - 0 comments
- Heenan Blaikie Winds Down In Biggest Closure Of A Canadian Law Firm
Heenan Blaikie, a Canadian law firm well known for its labor and employment practice, said late on Wednesday its partners had voted to dissolve the firm in the face of financial pressures, making it the largest failure of a law firm in Canadian history, ...
Daily Headline - global.abi.org - 02/06/2014 - 21:34 - 0 comments
- Tuscany International Files Bankruptcy on Low Rig Use
Tuscany International Drilling Inc., a Canadian oil-field services company that operates in South America, sought U.S. bankruptcy court protection from creditors, citing heavy competition and slow payments from customers, Bloomberg News reported. The Cal ...
Daily Headline - global.abi.org - 02/02/2014 - 20:32 - 0 comments
- Bixi Paid Bonuses In December
Management at Bixi and all their employees received a total of $223,000 in salary bonuses in December, one month before the city-controlled bike-sharing service was forced to file for bankruptcy protection. The company is nearly $50 million in debt, most ...
Daily Headline - global.abi.org - 01/28/2014 - 23:27 - 0 comments
- Alterrus Bankruptcy Soils Garden Vision
A company which transformed a rooftop parkade into a mass-producing vegetable greenhouse — and touted by Mayor Gregor Robertson as an example of Vancouver’s “booming clean tech sector” — has filed for bankruptcy and owes its creditors more than $4 millio ...
Daily Headline - global.abi.org - 01/28/2014 - 23:28 - 0 comments
- Bixi Owes $50 Million, Files For Bankruptcy Protection
Bixi has applied for protection from its creditors and the City of Montreal is taking over the local operation of the popular bike-sharing service, CBC News reported. Montreal Mayor Denis Coderre made the announcement Monday afternoon. “If Bixi can be sa ...
Daily Headline - global.abi.org - 01/20/2014 - 21:59 - 0 comments
- Colossus Minerals Seeks To Restructure Under The Bankruptcy And Insolvency Act
Financially troubled Colossus Minerals Inc., a development-stage miner focused on Brazil, intends to file for protection under the Bankruptcy and Insolvency Act, GlobalPost reported on a Canadian Press story. Trading in shares of Colossus, which was unab ...
Daily Headline - global.abi.org - 01/14/2014 - 21:30 - 0 comments
- Quebecor Eyes Purchase Of Wireless Startup Mobilicity
Quebecor Inc. is showing interest in purchasing struggling wireless startup Mobilicity, a move that could potentially change Canada’s national wireless landscape at a time of faltering competition, The Globe and Mail reported. Bank of Nova Scotia ana ...
Daily Headline - global.abi.org - 01/14/2014 - 21:31 - 0 comments
- Mobilicity Wants Courts To Force Sale Of Its Licences
Mobilicity is attempting to lay the groundwork to ask an Ontario court to force the sale of its wireless licences to Telus Corp. or another large carrier after a federal ban on such deals expires next month, BNN reported on a Globe and Mail story. Mo ...
Daily Headline - global.abi.org - 01/08/2014 - 22:23 - 0 comments