Orbite seeks stay of proceedings amid worsening finances

By Davide Ghilotti
Published: Tuesday, 04 April 2017

Production operations will be suspended at the Cap-Chat HPA facility while the company assesses options to restructure its debt.

Canadian high-purity alumina (HPA) producer Orbite Technologies Inc. announced it has filed for stay of proceedings on creditors under the Bankruptcy and Insolvency Act, as the company’s debt burden became difficult to manage under current circumstances.

Orbite’s decision to enter the process – aimed at preventing the insolvency from...

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