Homburg Invest announces a second CCAA protection extension

Homburg Invest Inc. announces that it obtained an order from the Superior Court under the Canadian Companies' Creditors Arrangement Act  further extending the CCAA protection granted to Homburg Invest and certain of its affiliates on September 9, 2011 and as extended on October 7, 2011. The extension will be in effect until March 16, 2012, at which time the matter will be reviewed by the Court.

The order received today will give Homburg Invest additional time to further develop a restructuring plan for the benefit of all stakeholders, including its creditors and bondholders. The CCAA process is carried out under the supervision of the Superior Court, which appointed Samson Bélair / Deloitte & Touche Inc. as independent monitor to oversee proceedings . The Monitor provides oversight of Homburg Invest's business and assists the Company in preparing its restructuring plan.

on December 9, 2011