CCAA Court Sanctions SRA Plan
TORONTO, June 29 /CNW/ - Strategic Resource Acquisition Corporation
("SRA") reports that on June 26, 2009, the Ontario Superior Court of Justice
granted an order (the "Sanction Order") sanctioning the SRA Plan of Compromise
and Arrangement dated May 11, 2009 (the "CCAA Plan") filed in connection with
SRA's proceedings under the Companies' Creditors Arrangement Act (the "CCAA
Proceedings").
The Sanction Order was granted after an overwhelming majority of SRA's
creditors voted in favour of the CCAA Plan on June 17, 2009. SRA expects to
implement the CCAA Plan and emerge from its CCAA Proceedings as soon as
practicable.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the accuracy or adequacy of this release.
For further information: please email [email protected] or
contact: Victor P. Wyprysky, President and Chief Executive Officer, Email:
[email protected]
http://www.newswire.ca/en/releases/archive/June2009/29/c2940.html
