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Non-Tech : Loewen Group

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To: Lawrence Burg who wrote (235)	11/24/1999 9:43:00 AM
From: Dennis Lefebvre	of 277

Loewen Group Inc (The) - Globe says Loewen granted extension Loewen Group Inc (The) LWN Shares issued 74,147,821 1999-11-23 close $0.68 Wednesday Nov 24 1999 The Globe and Mail reports in its Wednesday, Nov. 24, edition that Loewen Group has been given a seven-month extension until June 30 to reorganize its operations and finances under bankruptcy protection in Canada. The Globe's Business Report column relates that Mr. Justice James Farley of the Ontario Superior Court said yesterday he is satisfied that progress is being made to streamline the company, and added that extending the deadline will help accommodate the lengthy United States restructuring process. Loewen filed on June 1 for protection from creditors in Ontario and Delaware. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

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