Ajax Precision Manufacturing Limited CCAA

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Notice to Creditors of Ajax Precision Manufacturing Limited (the "Applicant")

BDO Dunwoody Limited was appointed Monitor of Ajax Precision Manufacturing Limited under the Companies Creditors' Arrangement Act, R.S.C. 1985 C. C-36, as amended, on August 7, 2003, pursuant to an order ("Order") of the Ontario Superior Court of Justice - Commercial List ("Court"). There have been a number of extensions of the initial Order, with the most recent extension expiring on November 1, 2004.

The Applicant filed a Plan of Compromise or Arrangement ("Plan") with the Court on September 23, 2004. Details on the Plan can be found under the following link: Plan of Compromise or Arrangement

A meeting of the Creditors ("Creditors' Meeting") is scheduled to be held in the MacDonald Room, Holiday Inn Select, 970 Dixon Road, Toronto, Ontario, Canada on Friday, October 15, 2004, at 11:00 a.m. (Toronto time) for the following purposes:

  1. To consider, and if deemed advisable, approve a Plan of Compromise or Arrangement of the Applicant; and
  2. To transact such other business as may properly come before the Creditors' Meeting or any adjournment of postponement thereof.

Creditors who wish to vote on the Plan must have submitted a Proof of Claim which has been proven for voting purposes in the manner and by May 31, 2004 as specified in the Claims Bar Order dated April 29, 2004. Creditors who failed to prove their claims in accordance with the Claims Bar Order are neither entitled to attend nor vote at the Creditors' meeting.

Creditors are not required to attend the Creditors' Meeting to vote. Creditors may vote by completing and mailing in a proxy to the Monitor.
For more details and instructions, please access documents from the above link.

Court Orders

Plan of Arrangement

Contact Us

BDO Dunwoody Limited
Monitor of Ajax Precision Manufacturing Limited
Royal Bank Plaza
200 Bay Street, 32nd Floor, South Tower
P.O. Box 33
Toronto, Ontario M5J 2J9
Attention: Clark McKeown
Telephone: 416-369-3053
Fax: 416-865-0904

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