GrowthWorks Canadian Fund Ltd. Provides Update on CCAA Proceedings

TORONTO, May 27, 2015 /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 May 31, 2015, today announced that it has obtained an order of the Court (the "Stay Extension Order") to further extend the "Stay Period" until and including December 15, 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.

Contact Information

FTI Consulting Canada Inc., the Court Appointed Monitor of GrowthWorks Canadian Fund Ltd., has established the following website containing information concerning the CCAA proceedings: http://cfcanada.fticonsulting.com/gcfl/

SOURCE GrowthWorks Canadian Fund Ltd.

You may also contact the Monitor at: Hotline: [phone], Email: [email protected]