Author Archives: ithelp

CEO: Letter to Shareholders (March 2020)

Further to previous communications and numerous recent discussions with shareholders, we are providing an update on recent activity. CCAA Process - As you will be aware the Creditors approved the Company's Plan at their December 12, 2019 meeting, in accordance with CCAA requirements. The Plan was supported by 98% of Affected Creditors and 97% of [...]

CEO: Letter to Shareholders (March 2020)

To Our Shareholders, Further to previous communications and numerous recent discussions with shareholders, we are providing an update on recent activity. CCAA Process As you will be aware the Creditors approved the Company's Plan at their December 12, 2019 meeting, in accordance with CCAA requirements. The Plan was supported by 98% of Affected Creditors and [...]

Ascent Announces Management Cease Trade Order

Ascent Industries Corp. (CSE:ASNT) (CNSX:ASNT.CN) (“Ascent” or the “Company”), announces, further to its news release of March 06, 2020, that the Company’s principal regulator, the British Columbia Securities Commission (the “Commission”), granted a management cease trade order (the “MCTO”) effective as of March 11, 2020, under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”). Pursuant to the […]

Ascent Announces Conclusion of CCAA Proceedings, Filing of Application for Management Cease Trade Order, Corporate Update and Bi-Weekly Status Report

Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) announces today that the Company has implemented its first amended and restated consolidated plan of compromise, arrangement and organization (the “Plan”) under the Companies’ Creditors Arrangement Act (“CCAA”). Distributions under the Plan, as well as the issuance of common shares of Ascent that were to be issued pursuant […]

Ascent Provides Bi-Weekly Default Status Report (02/20)

Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) is providing this default status report pursuant to National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults (“NP 12-203“) and applicable policy of the British Columbia Securities Commission which applies to companies, such as Ascent, that are the subject of CCAA proceedings. On May 16, 2019, […]

Ascent Obtains Extension of Stay of Proceedings and Announces Bi-Weekly Default Status Report (01/29)

Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) announces that the Company and certain of its affiliates (collectively, the “Applicants”) obtained an order on January 28, 2020 from the Supreme Court of British Columbia (the “Court”) extending the stay of proceedings provided by the initial order of the Court dated March 1, 2019 until […]

Ascent Provides Bi-Weekly Default Status Report (01/12)

Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) is providing this default status report pursuant to National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults (“NP 12-203“) and applicable policy of the British Columbia Securities Commission which applies to companies, such as Ascent, that are the subject of CCAA proceedings. On May 16, 2019, […]

Ascent Announces Management Changes

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) announces that Paul Dillman has resigned from position as Chief Executive Officer and Director of the Company with immediate effect to pursue other opportunities. Mark Lotz will assume the role of Interim Chief Executive Officer for the time being.   The Board wishes to […]

Ascent Announces Approval of CCAA Plan by Affected Creditors and Corporate Update

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) is pleased to announce that Affected Creditors (as defined in the Plan) approved the Company’s first amended and restated consolidated plan of compromise, arrangement and organization (the “Plan”) under the Companies’ Creditors Arrangement Act (“CCAA”) at a meeting of Affected Creditors (the “Meeting”) […]