GrowthWorks Canadian Fund obtains extended creditor protection
GrowthWorks Canadian Fund, which previously announced its receipt of an order from the Ontario Superior Court of Justice granting the fund protection under the Companies' Creditors Arrangement Act, announced that it has obtained an extension of the stay period until January 15, 2014. The retail venture capital fund, which is managed by Vancouver-based GrowthWorks, indicated that it will return to court in November to provide an update on its strategic review process. It will also propose a sale and investment solicitation process, and may also seek approval for a potential merger.
6 November 2013•3 mins read
