ART Advanced Research Technologies Inc. | KPMG | CA

ART Advanced Research Technologies Inc.

ART Advanced Research Technologies Inc.

Creditor and stakeholder information

Creditor and stakeholder information

On February 18, 2013, ART Advanced Research Technologies Inc. ( “ART” or the “Company” ) filed an assignment and KPMG Inc. was appointed as trustee of the estate of the bankrupt by the official receiver, subject to affirmation by the creditors of the trustee’s appointment or substitution of another trustee by the creditors.

The first meeting of creditors of the bankrupt will be held on the 14th day of March 2013, at 10:00 am at the office of the trustee, KPMG Inc., 600 de Maisonneuve Blvd. West, suite 1500, in Montréal, Québec.

As of March 1st, 2013, KPMG Inc., in its capacity of trustee in the bankruptcy of ART, is soliciting tenders in separate lots or "en bloc" in respect of the assets of the Company. It should be noted that offers are subject to the approval of the inspectors. Sealed tenders must legibly bear, on the front of the envelope, the inscription "TENDER - ART Advanced Research Technologies Inc". These tenders will be received at the office of the Trustee, KPMG Inc., at 600 de Maisonneuve blvd. West, Suite 1500, Montréal, Québec, H3A 0A3, until March 14, 2013 at 9:30 am.

Interested parties may inspect the property on March 7, 2013 from 10:00 am to 3:00 pm at 2300 Alfred-Nobel blvd., Montréal, Québec. Conditions related to the sale are available in the documentation below. The opening of tenders will take place in the presence of the trustee and the inspectors at the trustee's office March 14, 2013 at 11:00 am.

Contact Information

Dev A. Coossa, CIRP

dcoossa@kpmg.ca

Maxime Codere, CPA, CA, CIRP

mcodere@kpmg.ca

Documents

Notice-of-bankruptcy-ART [PDF 1751KB]

Private-call-for-tenders-ART [PDF 2458KB]

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