Thursday, September 27, 2012

NewPage Port Hawk. Requests 8th Extension

Updated: NewPage Port Hawkesbury asks for 8th extension:
NewPage Port Hawkesbury is appearing in Nova Scotia’s Supreme Court today to ask for an 8th extension to their original creditor protection period.
The company is requesting an extension to October 5, 2012 to allow time for the Nova Scotia Utility and Review Board to approve the latest power agreement, allowing Pacific West Commercial Corp. to complete its purchase of  mill, or allowing the Monitor (Ernst & Young) to determine the next steps should the sale deal not proceed.