On November 18, 2015, Biosenta Inc. (CNSX: ZRO) (“Biosenta” or the “Company”) made a proposal to its creditors (the “Proposal”) pursuant to the provisions of the Bankruptcy and Insolvency Act (the “Act”) and A. Farber & Partners Inc. was appointed as Proposal Trustee (the “Proposal Trustee”).
The Company is not bankrupt. The Proposal provides for an automatic stay of proceedings against the Company’s creditors whilst the Proposal, intended for restructuring the Company’s affairs and compromising the Company’s liabilities, is under consideration.
The Notice to Creditors is linked below and includes a copy of the Proposal, as amended, the Proposal Trustee’s report on the Proposal, the Statement of Affairs, a proof of claim, form of proxy, voting letter and election letter. The meeting of creditors to consider and vote on the Proposal will be held at 2:00 p.m. on December 7, 2015 at the office of the Proposal Trustee: 150 York Street, Suite 1600, Toronto, Ontario, M5H 3S5. To be eligible to vote at the meeting, creditors must file a proof of claim prior to the meeting and be in attendance either in person, by proxy or by voting letter. Creditors must also indicate by election letter as to its preferred choice of dividend in the event the Proposal is accepted by creditors and approved by Court.
The purpose of this website is to provide documents to any interested persons regarding the Proposal of this Company. The documents listed below are in pdf format and can be viewed and/or downloaded. Please feel free to return to this website periodically for future updates on the status of these proceedings. Additional documents and information will be posted as it become available.