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BRIEF-Guestlogix says files for CCAA protection

Published 2016-02-09, 11:28 a/m
© Reuters.  BRIEF-Guestlogix says files for CCAA protection
GXI
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Feb 9 (Reuters) - GuestLogix Inc GXI.TO :
* Files for CCAA protection
* Commenced proceedings and obtained court protection under Companies'
Creditors Arrangement Act
* Says the operations of OpenJaw Technologies Limited are not subject to the
CCAA proceedings
* Received a formal notice of default from its senior lender in respect of
certain events of default under its senior credit facility
* Commenced proceedings and obtained court protection under CCAA as company attempts to restructure,reorganize assets, business,financial affairs
* A further court application related to approval of Canaccord Genuity's
engagement is anticipated to proceed in the near future
* Under CCAA proceedings, it is expected that the company's operations will continue uninterrupted in the ordinary course of business

* Source text for Eikon ID:nMKW0T7Tca
* Further company coverage GXI.TO

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