(TheNewswire)
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Montreal – TheNewswire - July 4, 2024 - ATW Tech Inc. (the “Company” or “ATW”) (TSXV: ATW) announces the filing of a voluntary assignment of its property in accordance with the Bankruptcy and Insolvency Act (Canada) (hereinafter the “Act”) in order to carry out an orderly liquidation of its assets, property and operations. In connection with this filing, Bresse Syndics Inc. (Charles Bresse, Licensed Insolvency Trustee), was appointed as authorized trustee for proceedings under the Act.
The board of directors of the Company has authorized the voluntary transfer of the assets of the Company given that ATW, despite several attempts at reorganization, is no longer able to meet its obligations when due, is insolvent and is not more able to finance its operations.
For the same reasons, Séméon Analytique Inc. as well as RNIS Télécommunications Inc., subsidiaries of the Company, will undertake the same procedures under the Law.
The Company also announces that the directors of the Company resigned on July 3rd, 2024, and that the employment of the officers of the Company ended on July 3rd, 2024.
Any request for information regarding the Company's operations or its assets may be addressed to BRESSE Syndics Inc, to the attention of Mr. Charles Bresse at the following email address: faillite-ATW@bresse.com.
ATW Tech Inc.
Christian Trudeau
Chairman of the Board of Directors and CEO
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