ExelTech announces its bankruptcy

MONTREAL, May 28 /CNW Telbec/ - ExelTech Aerospace Inc. (TSX Venture: XLT) announced today that it and its subsidiaries, ExelTech Canada Inc. and ExelTech YUL Inc., have not sought a further extension of the period in which to file a proposal under the Bankruptcy and Insolvency Act (Canada), which expires today. As a consequence, ExelTech Aerospace Inc., ExelTech Canada Inc. and ExelTech YUL Inc. will each be deemed to have filed assignments in bankruptcy. In light of the foregoing, the directors of ExelTech Aerospace have resigned.

RSM Richter Inc. is the trustee in bankruptcy.

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

%SEDAR: 00020968EF

SOURCE EXELTECH AEROSPACE INC.

For further information: For further information: Stéphane DeBroux, CA, RSM Richter Inc., (514) 934-8621, SDeBroux@rsmrichter.com

Organization Profile

EXELTECH AEROSPACE INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890