ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

OPC Opti Canada Com

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Opti Canada Com TSXV:OPC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

OPTI Canada Announces Noteholder Approval of Master Plan

07/09/2011 8:21pm

Marketwired Canada


OPTI Canada Inc. (TSX VENTURE:OPC) ("OPTI" or the "Company") announces that the
Company's Master Plan was approved by a majority of holders of the Company's
second lien notes, present in person or by proxy, collectively holding 99.97% of
the principal amount of the notes that were voted at the Noteholders' Meeting
held earlier today. 


This afternoon, OPTI intends to apply to the Court of Queen's Bench of Alberta
to obtain an order (the "Sanction Order") to approve the Master Plan pursuant to
the Companies' Creditors Arrangement Act and the Canada Business Corporations
Act. The Company intends to provide an update on the Sanction Order later today.



More information about OPTI's Court proceedings, including the Sanction Order
and the Master Plan, can be found on the Company's website at www.opticanada.com
or on the website of the monitor, Ernst & Young Inc., at www.ey.com/ca/opti.


Company Information

Readers should refer to OPTI's current Annual Information Form, filed on SEDAR
and EDGAR and available at www.sedar.com and http://edgar.sec.gov, as well as
the Company's information circular in connection with the Master Plan filed on
SEDAR, for a detailed discussion of these assumptions, risks and uncertainties.
The forward-looking statements or information contained in this document are
made as of the date hereof and OPTI undertakes no obligation to update publicly
or revise any forward-looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by applicable
laws or regulatory policies. Additional information relating to our Company can
be found at www.sedar.com.


1 Year Opti Canada Com Chart

1 Year Opti Canada  Com Chart

1 Month Opti Canada Com Chart

1 Month Opti Canada  Com Chart

Your Recent History

Delayed Upgrade Clock