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

Published 2016-03-21, 04:55 p/m
Updated 2016-03-21, 05:00 p/m
© Reuters.  BRIEF-Danier Leather says co's directors resign upon assignment in bankruptcy

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

March 21 (Reuters) - Danier Leather Inc DL.TO
* 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: DL.TO

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