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    The CCAA scene: recent and notable - June 2011
    2011-06-09

    Adananc

    On February 28, 2011, Adanac Molybdenum Corporation announced that it successfully implemented its plan of compromise and arrangement and emerged from CCAA protection. It was announced that, on implementation, Adanac’s outstanding common shares were consolidated on a 150 to 1 basis with 24,698,888 post-consolidation common shares issued to creditors.

    Adanac owns the Ruby Creek Project, located in northwest British Columbia.

    Ambrilia Biopharma

    Filed under:
    Canada, Insolvency & Restructuring, Cassels Brock & Blackwell LLP, Medical device, Subsidiary, Ericsson, Companies' Creditors Arrangement Act 1933 (Canada), United States bankruptcy court, US District Court for District of Delaware, Ontario Superior Court of Justice
    Authors:
    Alex Tarantino
    Location:
    Canada
    Firm:
    Cassels Brock & Blackwell LLP
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