Winalta Inc. announces second extension of CCAA protection until August 6, 2010
.The Court has additionally granted Winalta an Order relieving it of its obligation to hold an annual meeting of its shareholders within the time prescribed by the Business Corporations Act (Alberta) until such time as the Court orders the annual meeting of Winalta's shareholders to be called.
Winalta Inc. is an integrated company with three main operating divisions, Homes, Industrial, and Manufacturing. The Homes Division sells CSA approved homes via retail centers, communities and supply arrangements. The Oilfield Division leases portable industrial accommodations and catering services to the energy sector.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Certain statements included in this news release constitute "forward-looking information" within the meaning of applicable securities legislation, including the timing and continuance of CCAA protection and the completion of transactions related thereto. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Winalta to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.