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On August 13, 2019, Shopost Ltd. was deemed to have made an assignment in bankruptcy pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada) (the “BIA”) as a consequence of not filing a proposal with the proposal trustee within the time period set by the BIA, pursuant to subsection 50.4(8) of the BIA and PricewaterhouseCoopers Inc. LIT was appointed as trustee in bankruptcy of the Company (the “Trustee”).
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