Ced-Or Corporation: Agreement on a Debt Settlement of $1,200,000 CA

Abstract

This conversion of debt will improve Ced-Or's financial situation. The debt of $1,200,000 (CA) held by Manexco against Ced-Or is comprised of debts incurred by Ced-Or and in its subsidiary Ced-Or Lumber Inc. ("COL") from various suppliers plus cash advances from Manexco to Ced-Or during the last few months,