July 14 (Reuters) - Sears Canada Inc SCC.TO :
* Sears Canada granted extension of stay period to October 4, 2017, approval to commence sale and investment solicitation process
* Sears Canada Inc- company has also filed motion materials regarding commencement of a liquidation process at Sears Canada locations that are closing
* Sears Canada Inc says co expects to seek an order regarding liquidation process on July 18, 2017
* Sears Canada Inc - dip financing in aggregate principal amount of $450 million was approved by court on a final basis
* Sears Canada - sale and investment solicitation process deadline for binding offers from parties interested in pursuing a transaction is Aug 31, 2017
* Sears Canada Inc - reached an agreement with a variety of stakeholders to maintain certain payments and post-retirement benefits
* Sears Canada - reached agreement with variety of stakeholders to maintain certain payments, premiums until September 30, 2017
Source text for Eikon: ID:nCNWZsPza Further company coverage: SCC.TO