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GrowthWorks Canadian Fund Ltd - Status Updates

Stay Extension - December 12, 2016

On December 12, 2016 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including June 30, 2017.


Stay Extension - June 15, 2016

On June 15, 2016 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including December 31, 2016.


Stay Extension - December 14, 2015

On December 14, 2015 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including June 30, 2016.


Stay Extension - May 26, 2015

On May 26, 2015 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including December 15, 2015.


Stay Extension - October 21, 2014

On October 21, 2014 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including May 31, 2015.


Stay Extension - May 14, 2014

On May 14, 2014 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until and including November 30, 2014.


Stay Extension - May 2, 2014

On May 2, 2014 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until May 16, 2014.


Stay Extension - April 8, 2014

On April 8, 2014 Growthworks Canadian Fund Ltd. obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until May 9, 2014.


Stay Extension - March 6, 2014

On March 6, 2014 GrowthWorks Canadian Fund obtained an order from the Ontario Superior Court of Justice (Commercial List) extending the period of the Court-ordered stay of proceedings against Growthworks Canadian Fund Ltd. under the Companies' Creditors Arrangement Act until April 10, 2014.


Annual General Meeting of Shareholders - February 28, 2014

On February 26, 2014, pursuant to a Motion Record of the Applicant Returnable February 28, 2014, Growthworks Canadian Fund Ltd. is seeking to extend the time for the next Annual General Meeting of its shareholders to a date on or before October 31, 2014.


Claims Procedure - January 9, 2014

Pursuant to an Order granted by the Court on January 9, 2014, the Court approved a Claims Procedure Order. The Claims Bar Date is: March 6, 2014. The Claims Procedure Order will allow the Fund to solicit and determine all Claims, D&O Claims and D&O Indemnity Claims, except Excluded Claims.


Sales Process - November 18,2013

Pursuant to an Order granted by the Court on November 18, 2013, the Court approved a sales and investor solicitation process ("SISP"). Phase II of the SISP commenced on December 20, 2013. In accordance with the terms of SISP, Qualified Bidders are required to deliver a final biding Proposal to CCC by February 3, 2014.


Initial Order - October 1, 2013

On October 1, 2013, GrowthWorks Canadian Fund Ltd ("the Fund") sought and obtained an Initial Order (the "Initial Order") under the Companies' Creditors Arrangement Act ("the CCAA") from the Ontario Superior Court of Justice . The Applicants sought and were granted the stay of proceedings and other relief provided under the CCAA. Pursuant to the Initial Order, FTI Consulting ("FTI" or the "Monitor") has been appointed Monitor.


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Useful Links

FTI Consulting
Office of the Superintendent of Bankruptcy Canada
GrowthWorks Canadian Fund Limited
The Canadian Fund Limited