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Benzinga
Benzinga
Business
The Newswire

MPX International Obtains Creditor Protection to Pursue Restructuring and Sales Process

NOT FOR DISTRIBUTION TO NEWSWIRE SERVICES IN THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS

TORONTO, Ontario – TheNewswire - July 25, 2022 - MPX International Corporation (the "Corporation" or "MPXI") (CSE:MPXI); (OTC:MPXOF) announced today that the Corporation and certain of its Canadian subsidiaries (collectively, the "MPXI Group") have been granted an order (the "Initial Order") from the Ontario Superior Court of Justice (Commercial List) (the "Court") under the Companies' Creditors Arrangement Act (the "CCAA"), in order to restructure their business and financial affairs. The Initial Order also extends certain protections to MPXI's foreign subsidiaries.

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