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Yellow Media Inc T.YLO



TSX:YLO - Post by User

Bullboard Posts
Comment by myNEXTmillionon Oct 02, 2012 7:00pm
253 Views
Post# 20440061

RE: Interest Has Been Paid on YLO.DB.A

RE: Interest Has Been Paid on YLO.DB.A

Emailed YPG... the interest has not been paid.  Response from Amanada below.

 

"The October 1, 2012 scheduled interest payment on Yellow Media’s convertible debentures was suspended by the Court’s safeguard order and was not paid on such date. Subject to the final approval of the recapitalization by the Court, all accrued and unpaid interest in respect of Yellow Media’s convertible debentures, including the October 1, 2012 interest payment, will not be paid upon such recapitalization becoming effective.

 

The safeguard order is effective until ten days following the judgment of the Québec Superior Court on the final orders sought at the hearing for the final approval of its proposed recapitalization, subject to any further order of the Court."

 

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