Aug 16 (Reuters) - Crosswinds Holdings Inc CWI.TO :
* CROSSWINDS OBTAINS INTERIM ORDER FOR PLAN OF ARRANGEMENT TO IMPLEMENT MONETIZATION EVENT
* CROSSWINDS HOLDINGS- OBTAINED INTERIM ORDER FROM COURT IN CONNECTION WITH A PROPOSED ARRANGEMENT
* CROSSWINDS HOLDINGS - BOARD HAS FURTHER DETERMINED THE PROPOSED ARRANGEMENT IS THE PREFERRED STRUCTURE TO IMPLEMENT MONETIZATION EVENT
* CROSSWINDS - AS PREVIOUSLY ANNOUNCED BOARD DETERMINED BEST INTERESTS OF CO TO DISTRIBUTE ALL OF AVAILABLE CAPITAL TO SHAREHOLDERS, DISSOLVE CO
* CROSSWINDS HOLDINGS - ARRANGEMENT INVOLVES, AMONG OTHER THINGS, 20-FOR-1 SHARE SPLIT, AN INITIAL REDEMPTION OF 95% OF CO'S COMMON SHARES
* CROSSWINDS HOLDINGS - ESTIMATED PER SHARE REDEMPTION PRICE FOR INITIAL REDEMPTION IS ESTIMATED TO BE OF $0.090945
* CROSSWINDS HOLDINGS INC - INITIAL REDEMPTION WOULD BE EXPECTED TO OCCUR ON OR BEFORE OCTOBER 31, 2018
* CROSSWINDS - UPON DISSOLUTION, ANY REMAINING NET CASH IN COMPANY WOULD BE DISTRIBUTED TO SHAREHOLDERS
* CROSSWINDS - EXPECTS TO BE ABLE TO SETTLE ITS OUTSTANDING LIABILITIES FOR LESS THAN OUTSTANDING AMOUNT, IN AGGREGATE