SOURCE: Liquid Nutrition Group Inc.

Liquid Nutrition Group Inc.

May 28, 2015 17:00 ET

Liquid Nutrition Group Inc. Proposal to Creditors of Subsidiary

MONTREAL, QC--(Marketwired - May 28, 2015) - Liquid Nutrition Group Inc. ("LNGI") (TSX VENTURE: LQD) would like to announce that, its wholly-owned subsidiary, Liquid Nutrition Franchising Corporation ("LNFC") has filed a Proposal to its creditors in virtue of Article 50.4 of the Bankruptcy and Insolvency Act. The filing is intended to facilitate LNFC's ability to successfully implement a restructuring plan and deal with pending litigation which has been stayed pending the outcome of the restructuring process. The services of Litwin Boyadjian Inc., Trustee, were retained by LNFC in order to act as trustee under the NOI and to help LNFC prepare this Proposal to its creditors, same to be submitted at a meeting of the creditors at a date respecting the legal delays.

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

Contact Information

  • A copy of the proposal is available by contacting:
    Litwin Boyadjian Inc. Trustee
    514-875-4000