THETFORD MINES, QC, May 6, 2025 /CNW/ - Asbestos Corporation Limited ("ACL" or the "Company") (TSXV:AB-H.VN) and its parent company, Mazarin Inc. (TSXV:MAZ-H.VN) announced today that an order (the "Initial Order") from the Superior Court of Québec (Commercial Division) (the "Court") has been sought by a third party to grant ACL protection under the Companies' Creditors Arrangement Act (the "CCAA"). The Company intends to support the application. It is expected that Raymond Chabot Inc. would be appointed pursuant to the Initial Order as monitor of ACL (in such capacity, the "Monitor") in order to assist the Company with its restructuring efforts and to report to the Court.
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