GrowthWorks Canadian Fund Ltd. Provides Update on CCAA Proceedings

TORONTO, Oct. 22, 2014 /CNW/ - GrowthWorks Canadian Fund Ltd. (the "Fund"), which previously announced that it obtained orders of the Ontario Superior Court of Justice (the "Court") granting it creditor protection pursuant to the Companies' Creditors Arrangement Act (Canada) ("CCAA") until and including November 30, 2014, today announced that it has obtained an order of the Court (the "Stay Extension Order") to further extend the "Stay Period" until and including May 31, 2015. The Stay Extension Order continues and extends the stay of proceedings, which has stayed certain creditor claims and the exercise of contractual rights against the Fund.

SOURCE: GrowthWorks Canadian Fund Ltd.

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