Primary Energy Recycling Corporation (T:PRI)
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Nov 04, 2019 04:08 pm ET
Liquidation Plan for PrimeWest Mortgage Investment Corporation Approved by Court
SASKATOON, Nov. 4, 2019 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation"), trading under the symbol PRI, announced today that on October 31, 2019, KPMG Inc. was affirmed and approved as liquidator of the Corporation (the "Liquidator") and the Plan of Liquidation and Dissolution was approved by order of the Court of Queen's Bench for Saskatchewan (the "Court"). The Plan of Liquidation and Dissolution is set out in the Corporation's Information Circular, which is available on SEDAR.
Oct 28, 2019 12:10 pm ET
IIROC Trading Halt - PRI
VANCOUVER, Oct. 28, 2019 /CNW/ - The following issues have been halted by IIROC:
Oct 28, 2019 12:00 pm ET
IIROC Trade Resumption - PRI
VANCOUVER, Oct. 28, 2019 /CNW/ - Trading resumes in:
Oct 25, 2019 06:27 pm ET
PrimeWest Mortgage Investment Corporation - Plan of Liquidation now in effect
SASKATOON, Oct. 25, 2019 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation") announced today that pursuant to the Plan of Liquidation and Dissolution approved by the Corporation's shareholders last month, the voluntary liquidation and windup of the Corporation commenced effective Thursday, October 24, 2019, at 5:00 p.m. CST. The Plan of Liquidation and Dissolution is set out in the Corporation's Information Circular, which is available on SEDAR.
Oct 25, 2019 11:19 am ET
IIROC Trading Halt - PRI
VANCOUVER, Oct. 25, 2019 /CNW/ - The following issues have been halted by IIROC:
Sep 25, 2019 05:55 pm ET
Shareholders of PrimeWest Mortgage Investment Corporation vote in favour of voluntary liquidation
SASKATOON, Sept. 25, 2019 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation") announced today that on September 24, 2019, the shareholders of the Corporation voted in favour of voluntarily liquidating and dissolving the Corporation and approved of the Plan of Liquidation and Dissolution set out in the Corporation's Information Circular, which is available on SEDAR. The effective date of the dissolution and distribution of proceeds to shareholders remain unknown and will ultimately be determined by the Court of Queen's Bench for Saskatchewan. Once known, the
Aug 20, 2019 04:55 pm ET
IIROC Trade Resumption - PRI
VANCOUVER, Aug. 20, 2019 /CNW/ - Trading resumes in:
Aug 20, 2019 04:31 pm ET
Liquidation Proposed for PrimeWest Mortgage Investment Corporation
SASKATOON, Aug. 20, 2019 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation") announced today that on August 16, 2019, its Board approved a Liquidation Plan which included KPMG Inc. being appointed as Liquidator. The Liquidation Plan calls for the voluntary liquidation and dissolution of the Corporation. The Liquidation Plan will be put before the Corporation's shareholders at its annual and special meeting on Tuesday, September 24, 2019, for approval. The specific details of the Liquidation Plan will be set out in the Corporation's Information Circular wh
Aug 20, 2019 10:30 am ET
IIROC Trading Halt - PRI
VANCOUVER, Aug. 20, 2019 /CNW/ - The following issues have been halted by IIROC:
Jul 20, 2018 04:36 pm ET
Two Actions Commenced Against PrimeWest Mortgage Investment Corporation
SASKATOON, July 20, 2018 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation") announced today that on July 13, 2018, the Corporation was served with two Statements of Claim, one commenced by Debbie Gloria Burwash, and one commenced by Granite Enterprises Inc. In each Statement of Claim, the plaintiff seeks rescission of its shares or damages in lieu of rescission.
Jun 20, 2018 12:10 pm ET
Class Action Commenced against Past and Present Directors of PrimeWest Mortgage Investment Corporation
SASKATOON, June 20, 2018 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation") announced today that on June 12, 2018, Randy Koroluk commenced a class action lawsuit in the Court of Queen's Bench for Saskatchewan, in the Judicial Centre of Regina, against the existing and past directors (since 2015) of the Corporation. The legal action deals with oversight of the actions of Don Zealand, former CEO of the Corporation, and the collection and disposition of mortgaged assets since the departure of the former CEO. The Statement of Claim alleges several heads of damag
May 09, 2017 12:54 pm ET
PrimeWest Mortgage Investment Corporation Stabilizes Debt
SASKATOON, May 9, 2017 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation") announced today that from proceeds received on mortgage payouts and sale of properties the Line of Credit has been further reduced from $4,316,892.15 on December 31, 2016 to $2,200,374.73 as at May 3, 2017 and the sum of $500,000 has been paid on the third party debenture with 1621 Albert Street Development Corp. leaving a balance of $1,000,000 owing with a July 31, 2017 due date.
Apr 03, 2017 06:53 pm ET
PrimeWest Mortgage Investment Corporation files its December 31, 2016 audited financial statements
SASKATOON, April 3, 2017 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation") announced that the audited December 31, 2016 financial statements have been released together with the Audit Report provided by Ernest & Young LLP, auditors of the Corporation. The financial statements include restated previously reported 2015 Statement of Financial Position and 2015 Statement of Comprehensive Income and an adjustment to 2015 opening retained earnings.
Jan 18, 2017 05:53 pm ET
PrimeWest Mortgage Investment Corporation announces additional financing made available
SASKATOON, Jan. 18, 2017 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation") announced today that it has obtained an additional $500,000 of financing made available to it by 1621 Albert Street Development Corp, a related third party lender, making the total secured debenture financing in the sum of $1,500,000 with a maturity date of July 31, 2017.
Dec 06, 2016 12:23 pm ET
PrimeWest Mortgage Investment Corporation provides an update effective December 6, 2016
SASKATOON, Dec. 6, 2016 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation") announced today that accord has been reached by the Corporation with the dissident shareholder group, and the special shareholders meeting scheduled to occur on Dec. 15, 2016 has been cancelled.
Nov 15, 2016 02:48 pm ET
PrimeWest Mortgage Investment Corporation provides an update effective November 15, 2016
SASKATOON, Nov. 15, 2016 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation") announced today that its Court application to have a third party Inspector appointed by the Court was argued before the Queen's Bench Court, Saskatoon on November 10, 2016 with the decision to be rendered by Judge S. Smith the week of November 21, 2016.
Sep 29, 2016 05:58 pm ET
PrimeWest Mortgage Investment Corporation announces it has received a $1,000,000 advance under a debenture secured financing from a third party
SASKATOON, Sept. 29, 2016 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation") announced today that it has received an advance of $1,000,000 on a debenture secured financing obtained from a third party. The debenture is at 8% per annum interest with repayment due on December 15, 2016. The short term financing addresses short term cash flow issues, and will allow the Corporation the time to realize and obtain cash proceeds in the approximate sum of $1,000,000 from the sale of foreclosed properties and other realization steps being undertaken.
Sep 20, 2016 03:59 pm ET
Amended and Restated Press Release - PrimeWest Mortgage Investment Corporation announces initial results of loan portfolio review
SASKATOON, Sept. 20, 2016 /CNW/ – PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation") PrimeWest announced today that the management review of the mortgage loan portfolio since June 2016 has revealed that lack of adequate security, failure to follow loan policies and guidelines and the withholding and/or provision of wrongful information to the Board and Board Committees by the former CEO, has resulted in loan loss provisions being established in August 2016 in the sum of $806,000 and then increased on September 15, 2016 by $1,385,000 to a total of $2,192,100. Du
Sep 20, 2016 12:53 pm ET
PrimeWest Mortgage Investment Corporation announces the appointment of a Chief Executive Officer, and resignation and replacement of a Director
SASKATOON, Sept. 20, 2016 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation") PrimeWest announced today that the management review of the mortgage loan portfolio since June 2016 has revealed that lack of adequate security, failure to follow loan policies and guidelines and the withholding and/or provision of wrongful information to the Board and Board Committees by the former CEO, has resulted in loan loss provisions being established in August 2016 in the sum of $733,000 and then increased on September 8, 2016 by $1,385,000 to a total of $2.1M. Due to the se
Aug 23, 2016 01:12 pm ET
PrimeWest Mortgage Investment Corporation announces the appointment of a Chief Executive Officer, and resignation and replacement of a Director.
SASKATOON, Aug. 23, 2016 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation") PrimeWest announced today the appointment of Brad Penno as its new Chief Executive Officer, with duties to commence August 22, 2016. Tom Archibald and Doug Frondall, Co-Presidents and Co-Chief Executive Officers, have stepped down from their interim positions however they are available to assist Brad Penno in his initial introduction to the Corporation. Mr. Penno has entered into a six month employment contract after which period an evaluation will be made as to a longer term arrange
Jul 21, 2016 05:43 pm ET
PrimeWest Mortgage Investment Corporation announces the suspension of redemption of Class "A" shares to October 31, 2016
SASKATOON, July 21, 2016 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation") PrimeWest announced today that following the annual general meeting and the release of the Chief Executive Officer, the Board of Directors installed new interim Co-Presidents and Co-CEO's to manage the corporation. A review of corporate action was conducted, and when unrealized redundant assets were identified the new management, together with the Audit Committee and the Credit Committee began a review of the Corporation's mortgage portfolio
Jun 30, 2016 03:11 pm ET
PrimeWest Mortgage Investment Corporation announces the completion of its private placement offering.
SASKATOON, June 30, 2016 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation") announced today that it successfully completed the closing of its first and second tranche under a private placement offering utilizing the prospectus exemption provided under CSA 45-318 and BCI 45-536 - Prospectus Exemptions for Certain Distributions through an Investment Dealer. Subscriptions have been received for 227,970 Class A shares of PrimeWest (the "Shares") for a total subscription price of $2,279,700 (the "Subscription Amounts").
Jun 09, 2016 05:30 pm ET
PrimeWest Mortgage Investment Corporation - Annual General Meeting and Dividends
SASKATOON, June 9, 2016 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation"), a mortgage investment corporation, announced today that at the Annual General Meeting held on June 8, 2016 the matters voted on by the shareholders were decided as follows:
Mar 09, 2016 11:37 am ET
PrimeWest Mortgage Investment Corporation - Listing Accepted on the Canadian Securities Exchange Trading Symbol PRI
SASKATOON, March 9, 2016 /CNW/ - PrimeWest Mortgage Investment Corporation ("PrimeWest" or the "Corporation"), a mortgage investment corporation, announced today that its Class A common shares have been approved for listing on the Canadian Securities Exchange ("CSE") and will commence trading on March 10, 2016 under the symbol PRI. PrimeWest believes that the listing on the CSE will enhance the share liquidity for the shareholders and assist the Corporation in raising additional capital, if and when needed.
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