MONTREAL, April 29 /CNW Telbec/ - Attractions Hippiques welcomes the
decision by Mme Justice Chantal Corriveau of the Quebec Superior Court to
extend court protection to allow the sale of all its assets until July 3.
Under the terms of yesterday's ruling, the sale process will be under the
authority of the Superior Court and will be controlled and supervised by the
monitor, RSM Richter.
The deadline for submitting firm offers to purchase will be June 23, and
offers will be subject to final approval by the Court. The selection of the
offer will be made on July 3.
Attractions Hippiques will continue its horse-racing operations at the
racetrack in Quebec City. Until the final sale is completed, Attractions
Hippiques will continue managing the operations of its Hippo Clubs and
collecting revenues from pari-mutuel betting.
The Court has reached the same conclusions as Attractions Hippiques,
i.e., by selling off assets, it will be possible to maintain some horse-racing
activities in Quebec.
For further information:
For further information: Yves Vincent, FCA, RSM Richter Inc., (514)