Planet Organic has released a corporate update statement. Darren Krissie, Executive Vice President of Planet Organic Health Corp. advised that the Company brought a motion on May 12 to adjourn and postpone the May 14 Annual General Meeting of the shareholders.
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EDMONTON /CNW/ - Planet Organic Health Corp. (TSX Venture Exchange - "POH"). Mr. Darren Krissie, Executive Vice President of Planet Organic Health Corp. (the "Corporation") advised that, as part of the Corporation's continuing effort to restructure its financial affairs under the protection of the Companies Creditor's Arrangement Act, it brought a motion on May 12, 2010 to adjourn and postpone the May 14, 2010 Annual General Meeting of the shareholders. The motion was heard in part on May 12, 2010 with the balance of the motion scheduled to be heard Monday, May 17, 2010. In order to preserve the status quo of all parties concerned and affected pending the completion of the hearing of the motion, the judge ordered the Annual General Meeting date to be reset pending the completion of the motion and his ruling on it. As a result, the Annual General Meeting has been tentatively reset for Friday, May 21, 2010 subject to the further decision of the judge after the continuation of the hearing on Monday, May 17, 2010. Further particulars concerning the Annual General Meeting will be clarified after the judge's decision is received.
The Corporation's operating plans are unaffected by today's announcement. All retail outlets will continue to operate in Canada and the U.S. without disruption to existing customers or employees.
SOURCE: Planet Organic Press Release
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