Cash Canada Receives Demand for Payment

TSX Venture Exchange Symbol "CUL"

EDMONTON, Nov. 20 /CNW/ - Cash Canada Group Ltd. ("Cash Canada" or the "Company") (TSX Venture:CUL) announced that on November 20, 2009 it received a Notice of Intention to Enforce Security from CashCo Financial Inc., a secured creditor. The Security being enforced is the General Security Agreement dated May 11, 2004. The total amount of the indebtedness secured by the Security is $2,106,261.26 as at October 27, 2009, plus costs. CashCo Financial Inc. will not have the right to enforce the Security until after November 30, 2009, unless otherwise consented to by Cash Canada.

    
    Neither the 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: 00005741E

SOURCE CASH CANADA GROUP LTD.

For further information: For further information: Cash Canada Group Ltd., Tim Latimer, Acting Chief Executive Officer, Telephone: (780) 909-6544, Facsimile: (780) 424-1242, E-mail: tim.latimer@settlementlenders.com

Organization Profile

CASH CANADA GROUP LTD.

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