Brief: Intelgenx Initiates Restructuring Proceedings Under CCAA To Implement Review Of Its Strategic Alternatives

Intelgenx Technologies

17/05/2024 22:54

May 17 (Reuters) - Intelgenx Technologies Corp  IGX.TO :
    * INTELGENX INITIATES RESTRUCTURING PROCEEDINGS UNDER THE
CCAA TO
IMPLEMENT A REVIEW OF ITS STRATEGIC ALTERNATIVES
    * INTELGENX TECHNOLOGIES CORP - TRADING IN COMMON SHARES OF
COMPANY ON TORONTO STOCK EXCHANGE ( "TSX") HAS BEEN HALTED
    * INTELGENX TECHNOLOGIES - COURT APPOINTED ERNST & YOUNG TO
SERVE
AS MONITOR IN CCAA PROCEEDINGS AND TO ASSIST COMPANY WITH ITS
RESTRUCTURING EFFORTS
    * INTELGENX TECHNOLOGIES CORP - INITIAL ORDER AUTHORIZES
INTERIM
DIP FINANCING IN ORDER TO ALLOW CO TO CONTINUE OPERATIONS DURING
RESTRUCTURING PROCESS
    * INTELGENX TECHNOLOGIES CORP - ANTICIPATES THAT IT WILL
SEEK
COURT APPROVAL TO INITIATE A FORMAL SALE AND INVESTMENT
SOLICITATION PROCESS

Source text for Eikon:  ID:nGNXblrZf3 
Further company coverage:  IGX.TO 

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