Welcome
On February 15, 2013 a Notice was sent to advise parties of BDO Canada Limited's ("BDO") intention to seek its discharge as Proposal Trustee pursuant to the Division I proposal provisions of the Bankruptcy & Insolvency Act ("BIA").
We remind creditors that an Order of the Court was granted on August 13, 2012, that authorized the conversion of the BIA restructuring to proceedings under the Companies Creditors Arrangement Act ("CCAA"). BDO continues to act as the Court Appointed Monitor pursuant to the CCAA and continues to work with Mircralyne, its creditors and other stakeholders in the CCAA proceedings. We confirm that the discharge application of the Proposal Trustee has no impact on the ongoing restructuring efforts under the CCAA.
