Findev Inc. Provides Update on Victoria Park Loan Exposure and Expected Accounting Impairment
Findev Inc. ("Findev" or the "Company") (TSXV:FDI) announces that, following a continuing review of the Company's loan exposure to 1682 Victoria Park Avenue Inc. ("1682 Victoria Park") and the ongoing proceedings under the Companies' Creditors Arrangement Act (Canada) (the "CCAA", and such proceedings, the "CCAA Proceedings"), the Company expects to write off the remaining carrying value of its Victoria Park loan exposure in its financial...
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