Ressources Appalaches Inc.

Ressources Appalaches Inc.

January 20, 2015 13:42 ET

Appointment of a Receiver for Ressources Appalaches and Dufferin Resources Assets

RIMOUSKI, QUÉBEC--(Marketwired - Jan. 20, 2015) - Today, upon a motion filed by LRC-RA LP ("LRC"), a secured creditor of Ressources Appalaches Inc. (TSX VENTURE:APP) ("Appalaches") and Dufferin Resources Incorporated ("Dufferin"), the Bankrupcy and Insolvency division of the Supreme Court of Nova Scotia issued an order appointing Ernst & Young Inc. ("E&Y") as the receiver and manager of the assets, property and undertakings of Appalaches and of Dufferin pursuant to the provisions of section 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 (the "BIA") and section 43(9) of the Judicature Act, R.S.N.S. 1989, c. 240.

All inquiries about this matter shall be directed to the Halifax office of E&Y, attention of George Kinsman. Public materials associated with the receivership administration can be accessed via E&Y web site at

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

This press release may contain certain forward-looking statements that include elements of risk and uncertainty. Consequently, actual results may differ substantially from those anticipated in such statements. These risks and uncertainties are described in the quarterly and annual reports, and in the documents submitted to the securities administration.

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