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Poynt Corporation Announces Creditor Protection Stay of Proceedings Has Been Terminated |
November 01, 2012
CALGARY, ALBERTA--(Marketwire - Nov. 1, 2012) - Poynt Corporation (TSX VENTURE:PYN) ("Poynt Corp." or the "Company") announced today that Hardie & Kelly Inc. of Calgary, Alberta, the trustee appointed pursuant to the Company's Notice of Intention to Make a Proposal proceedings (the "Proposal Proceedings") under the Bankruptcy and Insolvency Act (Canada)("BIA"), made an application to the Court of Queen's Bench of Alberta (the "Court") on October 31, 2012 to terminate the stay of proceedings (the "Stay") authorized in the Proposal Proceedings under the BIA. The application was approved by the Court, the Stay has been terminated and the Company is deemed to have made an assignment into bankruptcy.
Link: http://www.marketwire.com/mw/release.do?id=1720196&sourceType=3
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