CALGARY,
Sept. 17, 2013 /CNW/ - Rare Method
Interactive Corp. (TSX-V: RAM) announces that its subsidiary, Rare
Method Interactive Studios ("Studios"), has filed a Notice of
Intention to Make a proposal under the Bankruptcy and Insolvency
Act (Canada). This filing
affects an initial 30-day stay of proceedings against all creditors
of Studios during which Studios must file a proposal with the
court. The implications for creditors and other stakeholders are
not known at this time and will not be known until the
restructuring process is complete.
BDO Canada Limited has been appointed as Trustee
in Bankruptcy.
On another matter, the TSX Venture Exchange has
transferred the shares of Rare Method Interactive Corp. to NEX
effective August 26, 2013. The
shares will remain suspended from trading, pending the revocation
of the cease trade order.
About Rare Method Interactive Corp.
Rare Method (TSX-V: RAM) is an integrated agency
that leverages technology to make marketing more effective and
accountable. Rare Method offers a range of marketing services
including marketing strategies, creative, technology development,
media planning & management, campaign analytics, reporting
& optimization.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Rare Method Interactive Corp.