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Archived Press Releases and Stock Market News for Campbell Resources Inc (CBLRF/CBLRF.OB )

Campbell Resources Obtains Creditor Protection Under the Companies' Creditors Arrangement Act

(OTCBB:CBLRF) Campbell Resources Inc. Press ReleaseSource: CAMPBELL RESOURCES INC. Campbell Resources Obtains Creditor Protection Under the Companies' Creditors Arrangement ActWednesday January 28, 6:13 pm ET MONTREAL, Jan. 28 /CNW Telbec/ - Campbell Resources Inc. (the "Corporation") announced recently that the Superior Court of Québec has granted an initial order to it under the Companies' Creditors Arrangement Act (R.S.C. 1985, c. C-36) . The Corporation intends to avail itself of the provisions of the CCAA to prepare and present a plan of arrangement to its creditors. Under the terms of the order, Raymond Chabot Inc. will serve as the Court-appointed monitor under the CCAA process and will assist the Corporation in formulating its restructuring plan. No restructuring plan has yet been determined by the Corporation. Th
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