On May 25, 2015, IMRIS Inc., IMRIS, Inc and NeuroArm Surgical Ltd. (collectively "IMRIS" or the "Chapter 11 Debtors") filed voluntary petitions under Chapter 11 of Title 11 of the United States Code 11 U.S.C. 101-1532 (the "Chapter 11 Cases") in the United States Bankruptcy Court for the district of Delaware (the "US Bankruptcy Court"). Further information on the Chapter 11 Cases can be found on the following website "http://www.kccllc.net/IMRIS"

On June 3, 2015, IMRIS, Inc. ("IMRIS US") as the foreign representative of the Chapter 11 Debtors made an application to the Court of the Queen's Bench Winnipeg Centre (Commercial List) (the "Canadian Court") for a stay of proceedings against the Chapter 11 Debtors pursuant to Part IV of the Companies' Creditors Arrangement Act ("CCAA"). A motion for further orders will be heard by the Canadian Court on June 3, 2015 for, among other things:

a) recognition of the Chapter 11 Cases as foreign main proceedings and IMRIS US as the foreign representative;
b) a stay of proceedings and continuation of services to the Chapter 11 Debtors;
c) recognition of the orders brought to date in the Chapter 11 Cases (the "First Day Orders");
d) the appointment of FTI Consulting as Information Officer to the Canadian Court;
e) granting a charge (the "Administration Charge") up to US$200,000 on the assets of the Chapter 11 Debtors in Canada for professional fees and disbursements of the Information Officer and its counsel; and
f) granting a charge (the "DIP Charge") on the assets of the Chapter 11 Debtors in Canada as security for the Company's DIP Facility.

Copies of future Canadian Court orders and other material relating to these proceedings will be available on this website.

For additional information please contact
Dustin Olver:
Phone: 1.403-454-6032
Fax: : 1.403-232-6116
Email: dustin.olver@fticonsulting.com

Contact FTI

FTI Consulting
720, 440 - 2nd Avenue S.W.
Calgary, AB T2P 5E9 Canada

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