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Onex and Goldman Sachs Out in Bankrupt Hawker Beechcraft

Onex Corporation (TSX: OCX) and Goldman Sachs owned business and special mission aircraft maker, Hawker Beechcraft, Inc., has, as previously speculated, filed for bankruptcy protection. Once merging from... 

May 4, 2012

CCM Master Qualified Fund Acquires blutip Power Technologies Assets

CCM Master Qualified Fund Ltd., the sole secured creditor, through 663447 N.B. Inc., has acquired the assets of blutip Power Technologies Ltd. (formerly TSX-V: BPR) On May 3, 2012, the business and substantially... 

May 3, 2012

SemBioSys Lays Off Majority of Employees

SemBioSys Genetics Inc. (TSX: SBS), a developer of high value proteins and other products, has applied to voluntarily delist its common shares from the Toronto Stock Exchange (TSX). SemBioSys Genetics... 

April 4, 2012

Azure Dynamics to File for CCAA Protection

Azure Dynamics Corporation (TSX: AZD; OTC: AZDDD) said its board of directors has authorized seeking CCAA protection in Canada and petition inder Chapter 15 of title 11 of the United States Bankruptcy... 

March 26, 2012

Transcontinental to Lay Off 500 Former Quad/Graphic Employees

Following the closing the acquisition of Quad/Graphics Canada Inc., Transcontinental Inc. (TSX: TCL.A TCL.B TCL.PR.D) said it is reorganizing its print operations and over the coming months it will lay... 

March 20, 2012

Aveos Rejects Air Canada DIP Financing Offer, Shuts Down For Good

Air Canada (TSX: AC.A) said it is disappointed at Aveos Fleet Performance Inc.’s decision to reject its offer of $15 million Debtor-in-Possession (DIP) financing and instead permanently cease operations. Air... 

March 20, 2012

Air Canada Extends $15 Million DIP Financing to Aveos

Air Canada (TSX: AC.A) said it has extended to Aveos Fleet Performance Inc., through its Court appointed Monitor, FTI Consulting Canada, a $15 million Debtor-in-Possession (DIP) financing. The DIP financing... 

March 19, 2012

Salamon Group Acquires Assets of Bankrupt ARISE

Salamon Group Inc. (OTC BB: SLMU) announced that on Friday, March 2, 2012, Sunlogics Power Fund Management Inc., its wholly owned subsidiary, completed the court approved acquisition of the assets of ARISE... 

March 7, 2012

Cangene Lays off 120

Cangene Corporation (TSX: CNJ) said it has made changes to its senior management team and a workforce reduction in order to create greater alignment with its strategy and optimize operating efficiencies. As... 

January 5, 2012

CellFor Files for CCAA Protection

CellFor Inc. and its US affiliate CellFor Corp. have obtained a Court Order from the Supreme Court of British Columbia on December 15, 2011 pursuant to the Companies’ Creditors Arrangement Act (CCAA).... 

December 27, 2011

DragonWave Announces Israeli Layoffs

DragonWave Inc. (TSX: DWI; NASDAQ: DRWI) has laid off 38 employees, both full time and contract staff, from its Israeli operations. DragonWave will continue to support R&D, customer support, finance,... 

December 19, 2011

Prestige Telecom Closes Assets Sale

Prestige Telecom Inc. (TSX-V: PR) has completed the previously announced sale of substantially all of its assets to a company controlled by Thornhill Investments Inc. Thornhill has acquired from Raymond... 

November 29, 2011

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