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Westphalia Dev. Corp. Announces Proposed Plan of Compromise and Arrangement and Meeting of Creditors

CALGARY, Alberta — Westphalia Dev. Corp. (the “Corporation”) announces that it will be restructuring its affairs (the “Restructuring”) under a plan of compromise and arrangement (the “Plan”) pursuant to the Companies’ Creditors Arrangement Act (“CCAA”). The Restructuring will provide a stronger financial foundation for the Corporation going forward and additional liquidity to ensure the completion […]



Westphalia Dev. Corp. announces a proposed plan of compromise and arrangement under the Companies’ Creditors Arrangement Act to restructure its affairs and strengthen its financial foundation, ensuring the completion and monetization of the "Westphalia" property managed by Walton Global.

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