Oct 23 (Reuters) - Le Chateau Inc CTU.V :
* LE CHTEAU ANNOUNCES ITS INTENTION TO SEEK PROTECTION UNDER THE COMPANIES CREDITORS ARRANGEMENT ACT
* LE CHATEAU INC - SEEKING PROTECTION OF COURT IN ORDER TO PROCEED WITH ORDERLY LIQUIDATION OF ITS ASSETS AND WIND DOWN OF ITS OPERATIONS
* LE CHATEAU - EXPECTED THAT GORDON BROTHERS CANADA ULC & MERCHANT RETAIL SOLUTIONS ULC TO BE APPOINTED AS CO'S CONSULTANTS TO IMPLEMENT LIQUIDATION
* LE CHATEAU - PRICEWATERHOUSECOOPER TO BE APPOINTED AS MONITOR TO CO IN CCAA PROCEEDINGS TO OVERSEE CO'S OPERATIONS DURING LIQUIDATION
* LE CHATEAU - EXPECTED THAT CURRENT 6 DIRECTORS OF CO TO REMAIN ON CO'S BOARD OF DIRECTORS TO ASSIST WITH LIQUIDATION
* LE CHATEAU INC - IF CCAA APPLICATION IS GRANTED, CO WILL OBTAIN INTERIM (DIP) FINANCING FROM WELLS FARGO CAPITAL FINANCE CORPORATION CANADA