Construction/Building — September 1, 2010
Winalta Inc. announces fourth extension of CCAA protection until September 7, 2010
CALGARY, Sept. 1 /CNW/ - Winalta Inc. ("Winalta") (TSX-V-"WTA.A") announces that the Court of Queen's Bench of Alberta, Judicial Centre of Edmonton (the "Court") has granted an extension, until September 7, 2010, of the initial Order granted on April 26, 2010 pursuant to which Winalta was granted creditor protection under the Companies' Creditors Arrangement Act (Canada) (the "CCAA"). The extension was supported by Deloitte & Touche, Inc., the Court-appointed Monitor of Winalta's CCAA process and was not objected to by counsel to Winalta's secured creditor, HSBC Bank of Canada.
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.
Specifically, some of the material risks include the uncertainty involved in the Court proceedings and the implementation of a Plan under the CCAA.
The forward-looking information contained in this news release represents the expectations of Winalta as at August 31, 2010 and, accordingly, is subject to change after such date. However, Winalta expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.
%SEDAR: 00005154E
Latest Industry Press Releases
Updated 9:58 CST, February 4, 2012 
Construction/Building
GTA Realtors(R) Announce New MLS(R) Home Price Index (2012-02-03)
Brookfield Residential Properties Inc. 2011 Year End Conference Call & Webcast (2012-02-03)
GTA Commercial REALTORS(R) Report Commercial Market Figures (2012-02-03)
Retrocom REIT Completes $28,980,000 Equity Offering (2012-02-03)
GTA REALTORS(R) Release Monthly Market Figures (2012-02-03)
NorRock Realty Finance Corporation Update for Holders of Class A Shares (2012-02-02)
Stantec Executives to Hold Fourth Quarter 2011 Conference Call (2012-02-02)
North American Energy Partners Announces Results for the Three Months Ended December 31, 2011 (2012-02-02)
CanWel Completes Northwest Wood Preservers Acquisition (2012-02-01)
PFB Corporation Announces Regular Quarterly Dividend (2012-02-01)
Black Diamond Group Sets Year-End and Fourth Quarter 2011 Results Date and Time (2012-01-30)
| MOST POPULAR STORIES |
- How to suspend a 13-storey tower over a century-old four-storey structure
- Toronto Maple Leaf Gardens time capsule included construction details of arena
- Harley Davidson to roar into Quebec, with $15-million franchise headquarters under construction
- Steel hurdles for Aga Khan Museum build
- Caterpillar dispute a factor in CAW-CEP union merger talks
- 20 Most Popular Stories
| TODAY’S TOP CONSTRUCTION PROJECTS |
These projects have been selected from 326 projects with a total value of $2,707,501,216 that Reed Construction Data Building Reports reported on Friday.
$800,000,000 Waterloo Reg ON Prebid
$235,700,000 Clarington ON Negotiated
CONDOMINIUM APARTMENT BUILDING
$87,000,000 North York ON CANCELLED/ DEFERRED
| CURRENT STORIES |
- National Research Council web wind tool helps with roof design
- Carillion Canada progresses on Ontario Coroner’s building in Toronto
- Benson Steel faces transport challenge on Toronto Yorkdale Mall construction project
- Knowing the bid rules essential for contractor success
- GDP down 0.1 per cent in November: Statistics Canada
- Ontario labour blitz to focus on musculoskeletal disorders
- Brazilian officials allege illegal construction in Rio de Janeiro high-rise building collapse
- Keeping it local in Lonsdale
- "Jobless boom" hits Saskatchewan
- Transmission line will generate shortages
- Fate of glass bridge not yet decided
- Why 45 days are important in the Builders Lien Act
- Construction and design modifications can promote elderly independence
- Inspired thinking highlights this year's Buildex Vancouver
- Industry to discuss changes in procurement
- The Living Building Challenge
- Getting a bigger bang with Building Information Modeling
- Come Say Hello to the Journal of Commerce
- Construction industry safety myths debunked in seminar
- A look at the challenges of smart structural reconstructions
- A look at the challenges of smart structural reconstructions
