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zbaronsamedion May 03, 2016 1:26pm
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Post# 24837503
THERMOCERAMIX ANNOUNCES BANKRUPTCY
THERMOCERAMIX ANNOUNCES BANKRUPTCY
What happened?
THERMOCERAMIX ANNOUNCES BANKRUPTCY FILING MONTREAL, QUEBEC – April 28, 2016 - ThermoCeramix Corporation (“ThermoCeramix”, “TCX” or the “Company”) (TSX Venture Exchange: TCX.V) today announced that it has filed a voluntary assignment in bankruptcy pursuant to the Bankruptcy and Insolvency Act (Canada) in order to effect an orderly liquidation of its assets, property and operations. In conjunction with this filing, PricewaterhouseCoopers Inc., Licensed Insolvency Trustee (“PwC”) (Philippe Jordan, CPA, CMA, CIRP, LIT), has been appointed trustee of the bankrupt estate. The board of directors of the Company has authorized the voluntary assignment as the Company is not able to meet the obligations owing to its creditors or to fund the operations of the Company or its subsidiaries. The Company also announced that the directors of the Company have resigned and that the employment of the officers of the Company has been terminated. Any inquires with respect to the operations of the Company or its assets can be made to PwC at 1250 Ren-Lvesque Boulevard West, Suite 2500, Montral, Quebec H3B 4Y1, Attention: Mrs. Valrie Berger, CPA, CA.