Business Services Industry
Tundra Environmental - Company Update
Business Wire, Sept 19, 1996
MARKHAM, Ontario--(BUSINESS WIRE)--Sept. 19, 1996--Tundra Environmental Corporation Limited (TUNDRA) (ASE:TUN) announces the following -
1. The Corporation's subsidiary, Massachusetts - based Tundra Corporation, has filed for protection under Chapter 11 of the United States Bankruptcy Code. The filing was precipitated by Tundra's secured lender making demand for immediate repayment of all obligations and "setting-off" approximately $98,000 (U.S.$) of the company's fund's on deposit with the bank.
2. A Federal Court hearing has been set for October 3rd in Boston.
3. Tundra Environmental Corp. Ltd. has scheduled a special shareholder meeting for October 31st in Toronto to discuss the status of its subsidiary as well as to elect a Board of Directors. Place and time will be advised in the notice of the meeting.
THE CONTENTS OF THIS PRESS RELEASE HAVE NEITHER BEEN APPROVED NOR DISAPPROVED OF BY THE ALBERTA STOCK EXCHANGE.
CONTACT: Tundra Environmental Corporation Limited
Gary Glaser, 617/871-6040
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Fox Networks Group and Bright House Networks Strike Comprehensive Deal to Distribute Fox Broadcast Stations, National Cable and Regional Sports Networks
- Fox Networks Group and Time Warner Cable Strike Comprehensive Deal to Distribute Fox Broadcast Stations, National Cable and Regional Sports Networks
- Houston Radio D.J. Kevin Kline Completes 500-Mile, 13-Day Ultramarathon Across Texas for Kids with Cancer
- Seaspan Corporation Provides Information on the CSCL Hamburg
- Dodecylamine improves nanocrystal synthesis
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
