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A new venue, Discovery Air Debenture Holder's Forum, has been created to help protect the principal and interest of Discovery Air's debenture holders.
In the recent sale of Discovery Air Defense, we believe Clairvest breached Canadian regulations, covenants, and its fiduciary duty to stakeholders, booking a huge $55m MTM profit in 8 days.
Dec 20 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. (1-0)
TORONTO, Dec 19 (Reuters) - Canada’s main stock index rose in morning trade on Tuesday, boosted by gains among its biggest banks and other financial stocks, while Great Canadian Gaming Corp surged after it won a contract to operate facilities in the Toronto region. (5-0)
TORONTO, ONTARIO--(Marketwired - Dec. 14, 2017) - Discovery Air Inc. ("Discovery Air") (TSX:DA.DB.A) and Clairvest Group Inc. ("Clairvest") (TSX:CVG) announced today that affiliates of Clairvest have exercised (i) the pre-existing optional conversion feature pursuant to the terms of outstanding credit facilities between, among others, affiliates of Clairvest, Discovery Air and Discovery Air Defence Services Inc.
A new partnership between B.C.-based Great Canadian Gaming Corp. and Toronto-based Brookfield Business Partners is being tight-lipped about its plans for the Woodbine, Great Blue Heron and Ajax gaming sites.
The Ontario Lottery and Gaming Corp. has selected Great Canadian Gaming Corp. and Brookfield Business Partners LP to run its casinos in the Greater Toronto Area.
TORONTO -- The Ontario Lottery and Gaming Corp. has selected Great Canadian Gaming Corp. (TSX:GC) and Brookfield Business Partners LP (TSX:BBU.UN) to run its casinos in the Greater Toronto Area.
COQUITLAM, BRITISH COLUMBIA and TORONTO, ONTARIO--(Marketwired - Aug. 8, 2017) - Great Canadian Gaming Corporation (TSX:GC) ("Great Canadian") and Brookfield Business Partners L.P. (NYSE:BBU)(TSX:BBU.UN) ("Brookfield Business Partners") together with its institutional partners (collectively, "Brookfield"), announce today that they have been selected as the successful proponent by the Ontario Lottery and Gaming Corporation ("OLG") to operate certain gaming facilities in the Greater Toronto Area (the "GTA Bundle").
TORONTO, ONTARIO--(Marketwired - June 28, 2017) - Clairvest Group Inc. (TSX:CVG) ("Clairvest") is providing an update on the previously announced regulatory issues with respect to its investment in Head InfoTech India Pvt. Ltd. ("Head InfoTech"). On June 17, 2017, the Telangana (India) state government issued an ordinance which, among other things, made it illegal to operate an online gaming platform within the state (providing services to customers within the state and operating such a business within the state serving customers outside the state) (the "Ordinance").
Recent news releases should have been a boon to the company, as it entered new territory in a familiar space.
TORONTO, ON--(Marketwired - June 20, 2017) - Clairvest Group Inc. (TSX: CVG) ("Clairvest") announced today that there has been a material adverse regulatory development with respect to its investment in Head InfoTech India Pvt. Ltd. Clairvest's exposure to this investment, on a pre-tax basis, is equal to 11% of Clairvest's most recently disclosed book value, or $56 million. The negative impact on the value of Clairvest's investment in Head InfoTech from this development is currently uncertain and potentially material.
TORONTO, ON--(Marketwired - June 07, 2017) - Clairvest Group Inc. (TSX: CVG) ("Clairvest") is pleased to announce that today Canada's Venture Capital & Private Equity Association announced Clairvest as the winner of the 2017 Private Equity 'Deal of the Year' award for the successful realization of Cieslok Media. Cieslok Media is a leading Canadian out of home advertising firm, operating predominantly large format digital and static billboards throughout major cities in Canada.
TORONTO, ONTARIO--(Marketwired - June 5, 2017) - Discovery Air Inc. ("Discovery Air" or the "Corporation") (TSX:DA.A) announced today that its subsidiary, Discovery Air Defence Services Inc. ("DA Defence"), has entered into a subordinated credit agreement with certain funds or co-investors (such lenders, collectively "Clairvest") of Clairvest Group Inc., the controlling shareholder of the Corporation, providing for a revolving subordinated credit facility in the aggregate principal amount of up to $13,000,000 (the "Revolving Credit Facility").
TORONTO, ONTARIO--(Marketwired - May 26, 2017) - Discovery Air Inc. ("Discovery Air" or the "Corporation") (TSX:DA.A) and Clairvest Group Inc. ("Clairvest") (TSX:CVG) announced today the closing of the previously announced statutory plan of arrangement under section 192 of the Canada Business Corporations Act, pursuant to which, among other things, all of the common shares of the Corporation (the "Shares") were acquired by 10123200 Canada Inc.