Hart Stores Makes First Payment under The Plan of Compromise and Arrangement
September 24 2012 - 8:38AM
PR Newswire (Canada)
LAVAL, QC, Sept. 27, 2012 /CNW Telbec/ - Hart Stores Inc. is
pleased to announce that it has made its first payment of $1.0
million to unsecured creditors under the Plan of Compromise and
Arrangement as previously scheduled. The next payment of $1.0
million is scheduled for February 2013. About Hart Stores: Hart
Stores Inc. operates a network of 60 mid-sized department stores
located in secondary and tertiary markets in Eastern Canada, where
the Company has established a dominant position in many of the
communities that it serves. The stores offer an extensive and
differentiated selection of national and exclusive fashion apparel
brands as well as family footwear, home furnishings, electronics,
appliances, giftware, toys and seasonal goods. Neither 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 release. HART
STORES INC. CONTACT: Hart Stores Inc.Mr. Robert FarahPresident and
COOHart Stores Inc.(450) 661-4155
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