On November 1, 2024, the Company has sought and obtained from the Superior Court of Québec (the “Court”) an order (the “November 1, 2024 Order”), inter alia, (i) approving the interim financing facility pursuant to which a group of interim lenders – which includes management members, board members and shareholders – will advance interim financing to the Company in the amount of up to C$1,720,000 (the “Interim Financing Facility”) to provide the necessary liquidity to fund working capital needs and expenses throughout the NOI proceedings and (ii) authorizing the Company to pursue, under the supervision of the Court, with the assistance of the Trustee, a formal sale and investment solicitation process (the “SISP“), in order to conclude a transaction with a view to maximizing the value of the Company’s business and assets.
In order to participate in the SISP and obtain access to a virtual data room, all interested parties must comply with the terms and conditions set forth in the November 1, 2024 Order and in the process letter, copy of which is available on the website of the Trustee at https://www.raymondchabot.com/en/companies/public-records/earth-alive-clean-technologies-inc/.
