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The latest announcement is out from Mazarin Inc ( ($TSE:MAZ.H) ).
Mazarin Inc. announced that its subsidiary, Asbestos Corporation Limited (ACL), has secured an Amended and Restated Initial Order (ARIO) from the Superior Court of Québec under the Companies’ Creditors Arrangement Act (CCAA). This order extends the stay of proceedings against ACL until September 5, 2025, and approves interim financing of US$20 million to aid in restructuring efforts. The restructuring process is overseen by Raymond Chabot Inc. as the Monitor. Trading of ACL’s shares on the TSX Venture Exchange has been suspended, and ACL anticipates ceasing to report as a public issuer.
More about Mazarin Inc
Mazarin Inc. and its subsidiary, Asbestos Corporation Limited, are natural resource companies focused on developing industrial minerals to provide value-added products that meet global customer criteria for performance, economic, and ecological concerns. Mazarin’s shares trade on the NEX Board of TSX Venture Exchange under the symbol MAZ.H, while Asbestos Corporation Limited’s shares trade under the symbol AB.H.
Average Trading Volume: 35,933
Technical Sentiment Signal: Sell
Current Market Cap: C$4.27M
Find detailed analytics on MAZ.H stock on TipRanks’ Stock Analysis page.