GrowthWorks Canadian Fund Ltd. Applies to Extend Time for Annual General Meeting

TORONTO, Oct. 17, 2014 /CNW/ - GrowthWorks Canadian Fund Ltd. (the "Fund") today announced that it is seeking an order pursuant to section 133(b) of the Canada Business Corporations Act extending the time for the Fund to call the next annual meeting of its shareholders to a date that is not more than 90 days after the expiry of the Fund's court-ordered stay of proceedings (the "CCAA Proceedings") under the Companies' Creditors Arrangement Act (Canada), including any extension of those proceedings made after the date of that court hearing.  The motion is scheduled to be heard before a judge of the Ontario Superior Court of Justice, Commercial List on Tuesday, October 21, 2014 at 10:00 a.m., at 330 University Avenue, Toronto, Ontario. There can be no assurance that the order sought by the Fund will be granted.

In support of the motion, the Fund will today file with the Court the following materials (the "Court Materials"): a Motion Record, containing the Notice of Motion, the Affidavit of C. Ian Ross, sworn October 15, 2014 and a draft Order.

The Court material, together with details relating to the CCAA Proceedings, will be posted on the website of the Court-appointed monitor in the CCAA Proceedings at http://cfcanada.fticonsulting.com/GCFL/.

SOURCE: GrowthWorks Canadian Fund Ltd.

FTI Consulting Canada Inc. Court Appointed Monitor of GrowthWorks Canadian Fund Ltd., Phone: [phone], Hotline: [phone], Email: [email protected]