Vote on Plan of Arrangement to be held September 14, 2022
Sudbury ON, July 28, 2022 – Today, Laurentian University received an Order from the Superior Court of Justice, confirming the University’s intention to call a virtual meeting of Creditors on September 14, 2022 at 10:00 a.m. to vote on the proposed Plan of Arrangement.
If the required majority of Affected Creditors approves the Plan, Laurentian will seek Court approval of the Plan on October 5, 2022, enabling it to implement the Plan and emerge from the CCAA proceeding in the Fall, 2022.
“After last week’s filing, today is an important step closer to our future – a future in which our students, faculty and staff, industry, and our community feel a renewed optimism and pride for a strong and transformed Laurentian University,” said Jeff Bangs, Chair, Laurentian University Board of Governors.
Instructions on how to attend and participate in the Meeting, including on how to vote, will be provided to Affected Creditors by the Court-appointed Monitor. Those unable to attend the meeting will be able to vote on the Plan in advance of the meeting by completing and submitting a Proxy to the Monitor.
For more information and to review the proposed Plan, visit: https://documentcentre.ey.com/api/Document/download?docId=35874&language=EN