Canwest Publishing Inc./ Publications Canwest Inc., Canwest Books Inc., Canwest (Canada) Inc. and Canwest Limited Partnership/ Canwest Societe Commandite - Status Updates
| June 9, 2010 | |
| Please be advised that the Creditors' Meeting previously scheduled to be held at the Sheraton Centre Toronto (Simcoe Dufferin Room), 123 Queen Street West, Toronto, Ontario at 10:00 a.m. (Toronto time) on June 10, 2010 is being adjourned pursuant to paragraph 35 of the Creditors’ Meeting Order to Monday, June 14, 2010 at 10:00 a.m. (Toronto time) and will now be held at Sutton Place Hotel (Wellesley Room - Lobby Level), 955 Bay Street, Toronto, Ontario.
The Creditors’ Meeting is being adjourned to permit Affected Creditors to consider certain anticipated proposed amendments to the Plan and the Asset Purchase Agreement in advance of the Creditors’ Meeting. The amended Plan, including a blacklined comparison to the Plan filed with the Court on May 21, 2010 and described in the Eighth Report of the Monitor, will be made available on the Monitor’s website at http://CFCanada.fticonsulting.com/clp as soon as possible. In addition, the Monitor will prepare and serve on the service list in these proceedings a Supplement to its Eighth Report describing the proposed amendments.
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| May 10, 2010 | |
| Pursuant to paragraph 34 of the Claims Procedure Order, the Monitor, the LP CRA, the LP Entities and the Agent made a determination that steps for the purposes of adjudicating and resolving Claims (as described in the LP Claims Procedure Order) shall be taken. If the LP Entities intend to revise or reject a Claim, other than a Restructuring Period Claim or a Director/Officer Claim, the LP Entities shall do so by no later than 11:59 p.m. on May 31, 2010, or such other date as may be agreed to by the Monitor.
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| April 12, 2010 | |
| On April 12, 2010, the Court granted an extension of the stay of proceedings to and including June 30, 2010. On this day, the Court approved a procedure for the identification and quantification of certain claims against the LP Entities.
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| February 2, 2010 | |
| On February 2, 2010 the Honourable Court granted an extension of the stay of proceedings to and including April 14, 2010. The Court also granted an order approving amendments to the Initial Order including: (a) paragraph 12 to allow for the implementation of amendments to the NP Intercompany Loan Agreement; and (b) the removal and replacement of Schedule “A” to the Initial Order as issued and entered on January 8, 2010 with an amended version of the Procedures for the Sale and Investor Solicitation Process, a copy of which can be found attached as Schedule “A” to the Stay Extension Order
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| January 8, 2010 | |
| By Order of the Ontario Superior Court of Justice (the “Court”) dated January 8, 2010 (the “Initial Order”), Canwest Publishing Inc./ Publications Canwest Inc. (“CPI”), Canwest Books Inc. (“CBI”) and Canwest (Canada) Inc. (“CCI”, and together with CPI and CBI, the “Applicants”) sought and obtained an Initial Order (the “Initial Order”) under the Companies’ Creditors Arrangement Act (the “CCAA”). The Initial Order also granted relief in respect Canwest Limited Partnership/Canwest Societe Commandite, and together with the Applicants, the “LP Entities”) and granted a stay of proceedings until February 5, 2010 or such later date as the Court may order. FTI Consulting Canada Inc. (“FTI”) was appointed as monitor (the “Monitor”) of the LP Entities.
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