March 21, 2016 / 8:58 PM / in 2 years

BRIEF-Danier Leather says co's directors resign upon assignment in bankruptcy

March 21 (Reuters) - Danier Leather Inc

* Ksv kofman inc. Has been appointed as trustee in connection with bankruptcy proceedings

* Voluntarily made an assignment in bankruptcy pursuant to provisions of bankruptcy and insolvency act (canada) (“bia”)

* Obtained an order of ontario superior court of justice appointing ksv kofman inc. As receiver over all of its property, assets,undertaking

* In connection with proposal proceedings, conducted a sale and investor solicitation process ,which process has since been completed

* Says that all of directors of danier have resigned with effect immediately upon assignment in bankruptcy

* On february 4, 2016 commenced insolvency proceedings by filing a notice of intention to make a proposal pursuant to bia. Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below