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, a form of proxy, voting letter and election letter.
The meeting of creditors to consider and vote on the Proposal was held at 2:00 p.m. on December 7, 2015, at the office of the Proposal Trustee at 150 York Street, Suite 1600, Toronto, Ontario, M5H 3S5.
Creditor or Employee Enquiries
For creditor enquiries, please contact:
The case updates and court filed documents on this website are for information purposes only and you should consult your financial or legal adviser if you have any questions or concerns about your rights or obligations. Additional updates on the status of these proceedings may become available in the future.