Brief: Digitaltown Inc To Use Voluntary Chapter 11 Process To Position Business For Long-Term Success
21/09/2020 11:34
Sept 21 (Reuters) - DigitalTown Inc DGTW.PK :
* DIGITALTOWN, INC. TO USE VOLUNTARY CHAPTER 11 PROCESS TO
POSITION BUSINESS FOR LONG-TERM SUCCESS
* DIGITALTOWN - WAS SUCCESSFUL IN CONVERTING OVER $2 MILLION
OF
DEBT INTO STOCK AND STRUCTURING A GO-FORWARD PLAN
* DIGITALTOWN - VARIOUS NEGOTIATION EFFORTS WERE
UNSUCCESSFUL,
LEADING TO GRANTING OF SUMMARY JUDGMENT MOTION IN FAVOR OF CO'S
FORMER CEO
Source text for Eikon: ID:nGNX6Xv0Wc
Further company coverage: DGTW.PK
((Reuters.Briefs@thomsonreuters.com;))