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Article: Adaltis Inc. Announces Bankruptcy Act Filing.
- Article from:
- Marketwire Canada
- Article date:
- August 4, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MONTREAL, QUEBEC, Aug 4, 2009 (Marketwire via COMTEX) -- Adaltis Inc. (TSX:ADS), an international in vitro diagnostic (IVD) company, today announced that it has filed a voluntary assignment in bankruptcy under the Bankruptcy and Insolvency Act (Canada) in order to effect an orderly liquidation of its assets, property and operations. The filing of said assignment in bankruptcy terminates the protection of the Court granted under the Companies' Creditors Arrangement Act (Canada) on July 3, 2009. In light of the foregoing, the directors of the Corporation have resigned.
The implications for creditors and other stakeholders of the Corporation are not known at this ...