Brief: Colabor Group announces debentureholder and shareholder approvals

Colabor

22/08/2016 19:13

Aug 22 (Reuters) - Colabor Group Inc  GCL.TO : 
    * Debentureholders of company's 5.70% convertible debentures 
due April 30, 2017 have approved proposed amendments to 
convertible debentures 
    * Shareholders have approved proposed $50 million rights 
offering, including offering price under rights offering 
    * Debentureholders holding more than 97.75% of principal 
amount of convertible debentures present, at meeting have 
approved debenture amendments 
    * Debenture amendments will have effect of extending 
maturity date for a 5-year period from closing date of 
recapitalization transactions 
 
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