Mr. Ray de Ocampo reports
ONENERGY INC. ANNOUNCES COURT APPROVAL OF CREDITOR PROPOSAL
ONEnergy Inc.'s previously announced proposal pursuant to the
Bankruptcy and Insolvency Act (Canada)
(BIA) was approved by the Ontario Superior Court of Justice on Jan. 23, 2024.
The proposal is still subject to the approval of the TSX Venture Exchange. Following the receipt of the requisite approval by the exchange and pursuant to the proposal, the company
plans to satisfy its unsecured outstanding liabilities in exchange for the issuance of
common shares of the company. The issuance of common shares by the company shall be full and final satisfaction for all of the company's unsecured claims and all unsecured claims against the company will be forever released.
About ONEnergy Inc.
ONEnergy common shares are listed on the NEX board of the TSX-V under the symbol OEG.H.
The company's common shares remain halted from trading pending implementation of the proposal.
We seek Safe Harbor.
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