10:10:51 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Arctic Glacier Income Fund
Symbol AG
Shares Issued 350,317,221
Close 2021-04-14 C$ 0.015
Market Cap C$ 5,254,758
Recent Sedar Documents

Arctic Glacier has no material changes

2021-04-15 13:00 ET - News Release

Mr. Hugh Adams reports

ARCTIC GLACIER ISSUES DEFAULT STATUS REPORT PURSUANT TO NATIONAL POLICY 12-203

Arctic Glacier Income Fund has provided a default status report in accordance with the alternative information guidelines set out in National Policy 12-203, Cease Trade Orders for Continuous Disclosure Defaults.

On Aug. 15, 2012, the fund announced that it would not be able to file an interim financial report and interim management discussion and analysis for the period ended June 30, 2012, together with the related certification of filings under National Instrument 52-109, Certification of Disclosure in Issuers' Annual and Interim Filings, by Aug. 29, 2012, the deadline prescribed by securities legislation.

Except as discussed herein, there have been no material changes to the information contained in the default announcement or any other changes required to be disclosed under NP 12-203.

It is the current intention of the trustees of the fund to seek to wind up and dissolve the fund upon the satisfaction of certain conditions, including, but not limited to, receipt of a clearance certificate from the Canada Revenue Agency (CRA), final distribution of the cash assets of the fund and termination of its Companies' Creditors Arrangement Act (CCAA) proceedings. There can be no guarantee that these conditions will be satisfied. The fund will only file the continuous disclosure documents if required by the Manitoba Court of Queen's Bench pursuant to the fund's CCAA proceedings. However, the fund intends to continue to file biweekly default status reports containing the alternative information required by NP 12-203.

More information about the fund's CCAA proceedings and plan of compromise and arrangement can be found on the website of its court-appointed monitor.

About Arctic Glacier Income Fund

Arctic Glacier Income Fund trust units are listed on the Canadian Securities Exchange under the trading symbol AG.UN. There are 350.3 million trust units outstanding.

We seek Safe Harbor.

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