Mr. Gordon Reykdal reports
CASH STORE FINANCIAL TO DELIST FROM TSX
The Cash Store Financial Services Inc.
will be delisted from the Toronto Stock Exchange, effective May 23, 2014, for failure by Cash Store Financial to
meet the continued listing requirements of the TSX and, specifically,
as a result of the company seeking and obtaining an order from the
Ontario Superior Court of Justice (Commercial List) granting
creditor protection under the Companies' Creditors Arrangement Act (CCAA) on April 14, 2014. Trading in the company's securities will
remain suspended pending the delisting of the common shares.
Cash Store Financial remains committed to completing the restructuring
process quickly and efficiently.
Cash Store Financial is working
diligently to obtain additional debtor-in-possession financing and to
run a sales process to maximize value for all of the company's
stakeholders. Additional information on the CCAA proceedings can be
found on the website of the court-appointed monitor of Cash Store
Financial, FTI Consulting Canada Inc.
The company remains open for business, and its branches continue to
operate. Daily lending is continuing in all jurisdictions outside of
Ontario.
We seek Safe Harbor.
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