BRIEF-Colabor Group announces debentureholder and shareholder approvals

Mon Aug 22, 2016 2:18pm EDT
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Aug 22 (Reuters) - Colabor Group Inc :

* Debentureholders of company's 5.70% convertible debentures due April 30, 2017 have approved proposed amendments to convertible debentures

* Shareholders have approved proposed $50 million rights offering, including offering price under rights offering

* Debentureholders holding more than 97.75% of principal amount of convertible debentures present, at meeting have approved debenture amendments

* Debenture amendments will have effect of extending maturity date for a 5-year period from closing date of recapitalization transactions Source text for Eikon: Further company coverage: