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Homburg Invest Inc.

Homburg Invest Inc.

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Publicatie datum 15 nov 2012 - 00:11
Statutaire naam Homburg Invest Inc.
Titel Homburg Invest Reports Third Quarter Financial Results
Bericht MONTREAL, Quebec, November 14, 2012 – Homburg Invest Inc. (NYSE Euronext Amsterdam: HII) (“Homburg Invest” or the “Company”) announced today its financial results for the third quarter ended September 30, 2012. In compliance with National Instrument 51-102 of the Canadian Securities Administrators, Management notifies readers that the unaudited interim condensed consolidated financial statements for the periods ended September 30, 2012 and September 30, 2011, have not been reviewed by the Company's external auditors. The Company remains under the Canadian Companies’ Creditors Arrangement Act (“CCAA”), further to the extension of the CCAA protection granted to Homburg Invest and certain of its affiliates on September 9, 2011, and as amended, until December 14, 2012, at which time the matter will be reviewed by the Court. The extension provides Homburg Invest with additional time to further develop a restructuring plan for the benefit of all stakeholders, including its creditors. The CCAA process is carried out under the supervision of the Superior Court, which appointed Samson Bélair / Deloitte & Touche Inc. as independent monitor to oversee proceedings (the “Monitor”). The Monitor provides oversight of Homburg Invest’s business and assists the Company in preparing its restructuring plan. All Courts applications and orders as well as a copy of the Monitor’s reports are posted by the Monitor on its website at the following address: http://www.deloitte.com/ca/homburg-invest. The Monitor’s contact information is also available on its website. Consolidated Financial Results (ended September 30, 2012) [...]