Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Raymor Makes First Payment to Creditors and Seeks Court Approval to Hold Shareholders Meeting No Later Than October 15, 2009

Abstract:
Raymor Industries Inc. (TSX VENTURE:RAR), a leading developer and producer of single-walled carbon nanotubes, nanomaterials and advanced materials confirms that it will be seeking court approval to hold its Annual and Special Meeting of Shareholders no later than October 15, 2009. At this meeting, Raymor proposes to present to its shareholders the Audited Financial Statements for 2007 and 2008. In this regard, the Company expects to be in position to file its audited consolidated financial statements for the years ended December 31, 2008 and 2007 and its interim unaudited consolidated financial statements for the first and second quarter ended March 31, 2009 and June 30, 2009 respectively, no later than August 15, 2009.

Raymor Makes First Payment to Creditors and Seeks Court Approval to Hold Shareholders Meeting No Later Than October 15, 2009

Montreal, Canada | Posted on July 7th, 2009

With the recent changes in the management of the Company, Raymor's Board of Directors is continuing their work in realizing the Restructuring Plan for the Company. In addition, the Company has made the first payment to its creditors pursuant to the terms of its Proposal to its creditors.

The shares of Raymor have been halted on the TSX Venture Exchange and are the subject of a cease-trade order from the securities regulators.

Caution regarding forward-looking statements:

Certain statements contained in this release contain forward-looking statements. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions may be used to identify forward-looking statements. Those statements reflect Raymor's current views with respect to future events or conditions, including prospective results of operations, financial position, and predictions of future actions, plans or strategies. Certain material factors and assumptions were applied in drawing Raymor's conclusions and making those forward looking statements. By their nature, those statements reflect management's current views, beliefs and assumptions and are subject to certain risks and uncertainties, known and unknown, including, without limitation, the possibility that Raymor may not satisfy all conditions to obtain the final approval of the Exchange in connection with the offering, including allowing the issuance of common shares in lieu of cash payment of interest, the timing of filing of the Raymor's audited financial statements, MD&A and related CEO and CFO certifications for the year ended December 31, 2008 and for the first quarter ended March 31, 2009, and the timing of filing of default status reports. Many factors could cause Raymor's actual results, performance or achievements to be materially different from any future results.

ON BEHALF OF THE BOARD OF DIRECTORS

Rolland Veilleux, Chairman of the Board of Directors (tel: 450-434-1004).

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

####

For more information, please click here

Contacts:
Raymor Industries Inc.
Investor Relations
450-434-1004
450-434-1200 (FAX)

Copyright © Marketwire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Scientific breakthrough in rechargeable batteries: Researchers from Singapore and Québec Team Up to Develop Next-Generation Materials to Power Electronic Devices and Electric Vehicles February 28th, 2015

First detailed microscopy evidence of bacteria at the lower size limit of life: Berkeley Lab research provides comprehensive description of ultra-small bacteria February 28th, 2015

Leti to Offer Updates on Silicon Photonics Successes at OFC in LA February 27th, 2015

Moving molecule writes letters: Caging of molecules allows investigation of equilibrium thermodynamics February 27th, 2015

Legal

SUNY CNSE and Albany Law School Partner to Create First-of-its-Kind Nanotechnology Education and Training Program November 5th, 2013

US Court of Appeals characterizes Wyatt Technology Corporation Lanham Act claims as “groundless, unreasonable, vexatious or pursued in bad faith” May 31st, 2013

Fluidigm Files Lawsuit against NanoString’s Deceptive Marketing: Fluidigm Sues NanoString for False and Misleading Advertising under the Lanham Act November 8th, 2012

Photonic gels are colorful sensors: Rice, MIT researchers create thin-film polymer metamaterial with potential for many uses October 10th, 2012

Investments/IPO's/Splits

Arrowhead to Present at 2015 RBC Capital Markets' Global Healthcare Conference February 17th, 2015

Iran 1st among Islamic Nations in Scientific Production, Nanotechnology February 16th, 2015

Harris & Harris Group Portfolio Company D-Wave Systems Raises an Additional $29 Million (CAD), Closing 2014 Financing at $62 Million (CAD) February 2nd, 2015

Malaysian Nanotechnology Company Nanopac Innovation Ltd. lists on the NSX January 19th, 2015

Nanotubes/Buckyballs

Chromium-Centered Cycloparaphenylene Rings as New Tools for Making Functionalized Nanocarbons February 24th, 2015

Building tailor-made DNA nanotubes step by step: New, block-by-block assembly method could pave way for applications in opto-electronics, drug delivery February 23rd, 2015

Half spheres for molecular circuits: Corannulene shows promising electronic properties February 17th, 2015

SouthWest Nanotechnologies CEO Dave Arthur Appointed to the Board of Affiliates of Rice University Professional Science Master’s Program February 13th, 2015

Announcements

Scientific breakthrough in rechargeable batteries: Researchers from Singapore and Québec Team Up to Develop Next-Generation Materials to Power Electronic Devices and Electric Vehicles February 28th, 2015

First detailed microscopy evidence of bacteria at the lower size limit of life: Berkeley Lab research provides comprehensive description of ultra-small bacteria February 28th, 2015

Leti to Offer Updates on Silicon Photonics Successes at OFC in LA February 27th, 2015

Moving molecule writes letters: Caging of molecules allows investigation of equilibrium thermodynamics February 27th, 2015

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2015 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE