MONTRÉAL, Oct. 26, 2020 /CNW
Telbec/ - Le Château Inc. (TSX VENTURE: CTU) ("Le Château"
or the "Company") announced today that, as a result of the
commencement of proceedings under the Companies' Creditors
Arrangement Act by the Company, effective at the opening of
trading on Tuesday, October 27, 2020,
the listing of the Class B voting shares in the capital of the
Company will be transferred from Tier 2 of the TSX Venture Exchange
(the "Exchange") to the NEX board of the Exchange (the
"NEX"). Le Château's trading symbol will change from "CTU"
to "CTU.H". There will be no change in Le Château's name or CUSIP
number and no consolidation of capital. As of Tuesday, October 27, 2020, the Company will be
subject to restrictions on share issuances and certain types of
payments as set out in the NEX policies.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
Profile
Le Château is a Canadian specialty retailer
and manufacturer of exclusively designed apparel, footwear and
accessories for contemporary and style-conscious women and men,
with an extensive network of 123 prime locations across
Canada and an e-com platform
servicing Canada and the U.S.
Forward-Looking Statements
This news release may
contain forward-looking statements relating to the Company and/or
the environment in which it operates that are based on the
Company's reasonable expectations, estimates and forecasts.
Forward-looking statements in this press release include, but are
not limited to, statements with respect to the transfer of the
listing to the NEX and the restrictions on share transfers and
payments that the Company will be subject to under the NEX
policies. These statements are not guarantees of future performance
and involve risks and uncertainties that are difficult to predict
and/or are beyond the Company's control. A number of factors may
cause actual outcomes and results to differ materially from those
expressed. These factors also include those set forth in other
public filings of the Company. Therefore, readers should not place
undue reliance on these forward-looking statements. In addition,
these forward-looking statements speak only as of the date made and
the Company disavows any intention or obligation to update or
revise any such statements as a result of any event, circumstance
or otherwise except to the extent required under applicable
securities law.
SOURCE LE CHATEAU INC.
