ARTICLE | Company News
Receptagen, InterUnion Financial Corp. cancer, infectious diseases/aids, supply/service news
February 18, 1997 8:00 AM UTC
RCEPF and its Receptagen Corp. subsidiary filed intentions seek protection under the Canadian Bankruptcy and Insolvency Act. Under the filing, the company proposes to recapitalize in three stages.
The first stage calls for the creditors to exchange their debt for common shares of IUFC, which in turn would receive a yet-to-be determined number of units of RCEPF, plus a fee paid to IUFC's Credifinance Capital Inc. ...