TORONTO, Dec. 30, 2024 /PRNewswire/ - FTI Consulting Canada Inc., in its capacity as court-appointed monitor (in such capacity, the "Monitor") of Chesswood Group Limited, Case Funding Inc., Chesswood Holdings Ltd., Chesswood US Acquisitionco Ltd., Pawnee Leasing Corporation, Lease-Win Limited, Windset Capital Corporation, Tandem Finance, Inc., Chesswood Capital Management Inc., Chesswood Capital Management USA Inc., Rifco National Auto Finance Corporation, Rifco Inc., Waypoint Investment Partners Inc. and 1000390232 Ontario Inc. (collectively, the "CCAA Parties") pursuant to the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the "CCAA"), is conducting a sale and investment solicitation process (the "SISP") in respect of certain of the CCAA Parties. The SISP is intended to solicit interest in, and opportunities for: (i) one or more sales or partial sales of all, substantially all, or certain portions of their assets or business operations; and/or (ii) an investment in, restructuring, recapitalization, refinancing or other form of reorganization of the applicable CCAA Parties or their business operations, or any combination thereof.

TORONTO, Dec. 30, 2024 /CNW/ - FTI Consulting Canada Inc., in its capacity as court-appointed monitor (in such capacity, the "Monitor") of Chesswood Group Limited, Case Funding Inc., Chesswood Holdings Ltd., Chesswood US Acquisitionco Ltd., Pawnee Leasing Corporation, Lease-Win Limited, Windset Capital Corporation, Tandem Finance, Inc., Chesswood Capital Management Inc., Chesswood Capital Management USA Inc., Rifco National Auto Finance Corporation, Rifco Inc., Waypoint Investment Partners Inc. and 1000390232 Ontario Inc. (collectively, the "CCAA Parties") pursuant to the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the "CCAA"), is conducting a sale and investment solicitation process (the "SISP") in respect of certain of the CCAA Parties. The SISP is intended to solicit interest in, and opportunities for: (i) one or more sales or partial sales of all, substantially all, or certain portions of their assets or business operations; and/or (ii) an investment in, restructuring, recapitalization, refinancing or other form of reorganization of the applicable CCAA Parties or their business operations, or any combination thereof.

TORONTO, Nov. 15, 2024 /CNW/ - Chesswood Group Limited ("Chesswood") (TSX: CHW) announces that the Toronto Stock Exchange (the "TSX") has determined to delist Chesswood's shares from the TSX effective at the close of market on December 16, 2024 as a result of the Chesswood insolvency proceedings which were initiated in October, 2024.

Shareholders are again encouraged to seek the advice of their tax advisors with respect to their holdings of Chesswood shares.

NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

TORONTO, Oct. 30, 2024 /CNW/ - Chesswood Group Limited ("Chesswood") (TSX: CHW) announces that on application by the agent for its syndicate of lenders (the "Syndicate Lenders") under its US$300 million revolving senior secured credit facility (the "Credit Facility"), Chesswood and its subsidiaries have become subject to creditor protection under the Companies' Creditors Arrangement Act (Canada) (the "CCAA") in Canada pursuant to an order (the "Initial Order") of the Ontario Superior Court of Justice (Commercial List). The Initial Order provides for among other things, a stay of proceedings, the approval of interim financing, and the appointment of FTI Consulting Canada Inc. as the court appointed monitor.

TORONTO, Sept. 18, 2024 /CNW/ - Berger Montague (Canada) PC, a Toronto-based law firm that focuses on representing investors in cross-border shareholder disputes, has expanded its investigation of Chesswood Group Limited (TSX: "CHW", USOTC "CHWWF"; and FRA: "Y30.F").

During late 2023, all appeared to be fine between investors and CHW.  However, CHW announced that the Board of Directors had created a Special Committee to review various aspects of the Company and it was in breach of certain debt covenants but failed to disclose this material fact to the markets. CHW's shares were trading at $7.90 per share. Today, CHW's shares are locked at $0.90, and, in Canada, unable to trade. CHW's shares on the US OTC market continue to trade and are now as low as $0.18.

TORONTO, Aug. 16, 2024 /CNW/ - Further to its announcement on August 14, 2024 that a failure to file cease trade order ("FFCTO") from the Ontario Securities Commission (the "OSC") was impending, Chesswood Group Limited (the "Company") announces that the OSC issued the FFCTO after market close on August 15, 2024.

The Company is continuing to work with its auditors to complete the work necessary in order to be in the position to finalize and file the required financial statements, MD&A and certifications to have the FFCTO lifted, and will provide updates as further information becomes available and as required.

TORONTO, Aug. 16, 2024 /CNW/ - The following issues have been halted by CIRO:

Company: Chesswood Group Limited

TSX Symbol: CHW

All Issues: Yes

Reason: Cease Trade Order

Halt Time (ET): 8:00 AM

CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

TORONTO, Aug. 14, 2024 /CNW/ - Chesswood Group Limited ("Chesswood" or the "Company") (TSX: CHW) announces that its principal regulator, the Ontario Securities Commission ("OSC"), has advised it will not be granting a management cease trade as previously applied for by the Company under National Policy 12-203 – Management Cease Trade Orders.

The OSC has notified the Comany that it will be issuing a failure to file cease trade order ("FFCTO") against the Company under National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions ("NP 11-207"), as a result of the Company's expected failure to file its interim financial statements, management's discussion and analysis and associated certifications ("Interim Filings") for the period ended June 30, 2024 (the "Q2 Interim Filings").

TORONTO, Aug. 9, 2024 /CNW/ - Chesswood Group Limited ("Chesswood" or the "Company") (TSX: CHW) announces that it has sold all of its interests in Vault Credit Corporation and Vault Home Credit Corporation (collectively, "Vault"), representing the entirety of Chesswood's Canadian equipment leasing and consumer financing business segment, to an affiliate of HB Leaseco Holdings Inc. (the "Vault Purchaser") pursuant to the terms of a Share Purchase Agreement dated today (the "Purchase Agreement"), and provides an update on its previously announced evaluation of the strategic direction of Chesswood being supervised by a special committee (the "Committee") of the board of directors of Chesswood (the "Board of Directors").