IN THE SUPREME COURT OF BRITISH COLUMBIA
IN THE MATTER OF THE COMPANIES香蕉视频直播� CREDITORS ARRANGEMENT ACT, R.S.C. 1985, c. C-36, AS AMENDED
AND
IN THE MATTER OF THE BUSINESS CORPORATIONS ACT, S.B.C., c. 57, AS AMENDED
AND
IN THE MATTER OF BLACK PRESS LTD., 311773 B.C. LTD., AND THOSE ENTITIES LISTED IN SCHEDULE 香蕉视频直播淎香蕉视频直播�
PETITIONERS
NOTICE TO STAKEHOLDERS
On January 15, 2024, the Supreme Court of British Columbia (the 香蕉视频直播�Court香蕉视频直播�) pronounced an Order which, among other things, granted the Petitioners and certain related entities (the 香蕉视频直播�Non-Petitioner Stay Parties香蕉视频直播�) protection from their creditors pursuant to the Companies香蕉视频直播� Creditors Arrangement Act (Canada) (the 香蕉视频直播�CCAA香蕉视频直播�). KSV Restructuring Inc. was appointed as the monitor in the CCAA proceedings (in that capacity, the 香蕉视频直播�Monitor香蕉视频直播�).
On January 25, 2024, the Court granted an Order which, among other things:
香蕉视频直播� Authorized and directed Black Press Ltd. (香蕉视频直播淏P Holdco香蕉视频直播�) and 311773 B.C. Ltd. (香蕉视频直播�3117香蕉视频直播�) to negotiate a Stalking Horse Transaction Agreement with the holders of certain senior secured notes (the 香蕉视频直播淣oteholders香蕉视频直播�) and Carpenter Newsmedia, LLC (香蕉视频直播淐NL香蕉视频直播�);
香蕉视频直播� Approved a sale and investment solicitation process (the 香蕉视频直播�SISP香蕉视频直播�), in which the Stalking Horse Transaction Agreement would act as the Stalking Horse Bid.
At the conclusion of the SISP, no Qualified Bids (as defined in the SISP), other than the Stalking Horse Bid, were received, and in accordance with the terms of the SISP, the Stalking Horse Bid was deemed the Successful Bid (as defined in the SISP). BP Holdco and 3117 have entered into a Share Subscription Agreement, dated March 1, 2024 (the 香蕉视频直播�SSA香蕉视频直播�) with an entity formed on behalf of the Noteholders and CNL (such entity, the 香蕉视频直播�Purchaser香蕉视频直播�).
The Petitioners give notice that an application will be heard by the Supreme Court of British Columbia (the 香蕉视频直播淐ourt香蕉视频直播�) on Monday, March 11, 2024 at 10:00 a.m. local time in Vancouver, British Columbia for approval of the transactions contemplated by the SSA, as well as certain other relief.
Copies of the Petitioners香蕉视频直播� Notice of Application and the documents relied on in support of the application, as well as all other Court materials in relation to the CCAA proceedings, can be found at the Monitor香蕉视频直播檚 website at:
If the Court authorizes virtual attendance at the hearing, a link to the virtual hearing will be posted on the Monitor香蕉视频直播檚 website.