GREY:NMKEF - Post by User
Comment by
TicTacToon Sep 08, 2020 4:17pm
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Post# 31521717
RE:RE:RE:did 2/3 of creditors approve the ccaa plan ?
RE:RE:RE:did 2/3 of creditors approve the ccaa plan ?Orion will get 100% of 134M as will be paid by New Nemaska (as Matthey 12M) to purchase asset, not concerned by plan of arrangement.
Plan of arrangement will concern remaining creditors paid with the remaining cash in bank. Smaller creditors claims around 40M, will got maybe 50 cents on the dollars, for local company better 50-60 cents on the dollar than nothing.