Dec 16 (Reuters) - Catalyst Capital Group Inc:
* CATALYST COMMENTS ON MISREPRESENTATIONS BY RICHARD BAKER AND INSIDERS OF HUDSON'S BAY COMPANY EXPOSED IN OSC HEARINGS
* CATALYST SAYS IF HBC BOARD WILL NOT ACT, CATALYST IS PREPARED TO SEEK OUT OTHER REMEDIES
* CATALYST CAPITAL GROUP SAYS HBC MUST SEEK TERMINATION OF BAKER GROUP AGREEMENT,ENGAGE WITH CATALYST ON ITS SUPERIOR CASH OFFER OF C$11.00 PER SHARE