Author Archives: ithelp

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”) […]

CEO: Letter to Shareholders (December)

To our Shareholders, This is an update on actions taken by Ascent Industries Corp. (“Ascent”) since the October 25, 2019 Shareholder Update. CCAA Update Thank you for your continued patience during this CCAA process. Since the last update, the Ascent team has worked to address important new developments in these CCAA proceedings. After considerable consultation [...]

Ascent Industries Provides Bi-weekly Default Status Report (10/30)

Vancouver, B.C. – 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 applicable to companies, such as Ascent, that are the subject of CCAA Proceedings (as […]

CEO: Letter to Shareholders (October)

Dear Shareholders, I appreciate everyone’s patience in waiting for this update. Further to previous updates, I provide an update on the CCAA process and the timeline to exit this process. Status of Outstanding Claims A question I receive regularly from shareholders is the status of outstanding claims against the Company. The CCAA process includes regular [...]

Ascent Industries Provides Bi-weekly Default Status Report (10/04)

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) is providing an update on the Supreme Court of British Columbia hearing, in the matter of the Companies Creditor Arrangement Act which was held September 27, 2019. Pursuant to the hearing, the Court has granted the Company an extension of the Stay Extension […]

Ascent Industries Provides Bi-weekly Default Status Report (09/05)

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) is providing this bi-weekly default status report in accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults (“NP 12-203”). On May 16, 2019, the Company announced that its financial statements for the year ended December 31, 2018, including the related […]

Ascent Industries Provides Bi-weekly Default Status Report (08/14)

Vancouver, B.C. – Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) is providing this bi-weekly default status report in accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults (“NP 12-203”). On May 16, 2019, the Company announced that its financial statements for the year ended December 31, 2018, including the related […]