GlobeNewswire: GrowthWorks Capital Ltd. Contains the last 10 of 216 releaseshttp://www.globenewswire.com/External?Length=42024-03-29T09:07:44ZGlobeNewswirehttp://www.globenewswire.com/External?Length=4newsdesk@globenewswire.com (NewsDesk)https://www.globenewswire.com/news-release/2018/06/28/1531313/0/en/Working-Opportunity-Fund-Provides-Portfolio-Update.html?f=22&fvtc=4&fvtv=43567Working Opportunity Fund Provides Portfolio Update2018-06-28T18:27:23Z<![CDATA[VANCOUVER, British Columbia, June 28, 2018 (GLOBE NEWSWIRE) -- Over the past year, the Board of Working Opportunity Fund (the “Fund”) has been evaluating ways in which to reduce costs and enhance liquidity options for unitholders, particularly Venture Series unitholders. To this end, a special committee of directors, independent of the Fund's manager, has considered, with the assistance of independent legal and financial advisors, a number of options that are consistent with the Fund's stated objectives and founding principles and would have the result of significantly reducing costs, enhancing liquidity and position the Fund for the future. The Board has also consulted extensively with the Fund's sponsor, Working Enterprises Ltd, to ensure the interests of the Fund and sponsor are aligned. The Board expects to be in a position to announce a path forward for the Fund which the Board believes will be in the best interests of the Fund, its unitholders and other stakeholders by September 1, 2018.]]>https://www.globenewswire.com/news-release/2017/10/30/1275132/0/en/Working-Opportunity-Fund-Annual-General-Meeting-Date.html?f=22&fvtc=4&fvtv=43567Working Opportunity Fund Annual General Meeting Date2017-10-30T17:58:06Z<![CDATA[VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 30, 2017) - Working Opportunity Fund (EVCC) Ltd. announces that it will hold its 2017 annual general meeting during the first quarter of 2018 in accordance with an extension received from the Registrar of Companies.]]>https://www.globenewswire.com/news-release/2017/01/27/1275127/0/en/Shareholders-Early-Warning-News-Release.html?f=22&fvtc=4&fvtv=43567Shareholders Early Warning News Release2017-01-27T23:52:18Z<![CDATA[VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 27, 2017) - Working Enterprises Ltd.("WE") and David Levi ("DL") each acquired ownership of 1 common share (each a "Share" and together the "Shares") of Matrix Asset Management Inc. (the "Company") as part of a capital re-organization pursuant to a court order approving a Division I proposal under the Bankruptcy and Insolvency Act, R.S.C. 1985, c.B-3. The proposal provided for the compromise of indebtedness and release of claims of the affected creditors against the Company in exchange for contingent obligations issued by a wholly-owned subsidiary of the Company and provided for the cancellation of all issued and outstanding shares of the Company and the issuance of the Shares. On January 27, 2017 the Company filed Articles of Dissolution and upon issuance of a Certificate of Dissolution, the Company will be dissolved and cease to be a reporting issuer and WE and DL will cease to hold the Shares. Prior to the capital restructuring of the Company, DL had control, both directly and indirectly, of an aggregate of 6,397,773 common shares of the Company representing approximately 12.2% of the total outstanding common shares and WE had control, both directly and indirectly, of an aggregate of 16,938,801 common shares of the Company representing approximately 32.2% of the total outstanding common shares. Following the implementation of the capital restructuring, each of DL and WE hold 1 Share, each Share representing 50% of the total issued and outstanding shares of the Company, with the Share held by DL being subject to a voting trust agreement under which DL granted irrevocable voting control of the Share to WE.]]>https://www.globenewswire.com/news-release/2016/11/16/1275124/0/en/GrowthWorks-Commercialization-Fund-Ltd-Announces-Intention-to-Wind-Up.html?f=22&fvtc=4&fvtv=43567GrowthWorks Commercialization Fund Ltd. Announces Intention to Wind-Up2016-11-16T20:14:13Z<![CDATA[VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 16, 2016) - GrowthWorks Commercialization Fund Ltd. (the "Fund") today announced that its board of directors (the "Board") has determined to pursue a winding-up and dissolution of the Fund (the "Winding-Up"). The Winding-Up is expected to be effected on or before December 31, 2019 in accordance with the provisions of the Community Small Business Investment Funds Act, 1992 (Ontario) and applicable rules relating to the wind-up of registered labour-sponsored venture capital corporations under the Income Tax Act (Canada). The completion of the Winding-Up is subject to the satisfaction of certain conditions, including any necessary shareholder, regulatory and tax approvals.]]>https://www.globenewswire.com/news-release/2016/10/28/1275120/0/en/Working-Opportunity-Fund-Announces-CEO-Transition.html?f=22&fvtc=4&fvtv=43567Working Opportunity Fund Announces CEO Transition2016-10-28T22:51:30Z<![CDATA[VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 28, 2016) - Working Opportunity Fund (EVCC) Ltd. (the "Fund") announces the retirement of Mr. David Levi as the Fund's President & CEO and a director and the appointment of Mr. Derek Lew as his successor. Mr. Lew is the President & CEO and director of the Fund's manager, Growth Works Capital Ltd.]]>https://www.globenewswire.com/news-release/2016/10/07/1275116/0/en/Amending-Terms-of-Financing.html?f=22&fvtc=4&fvtv=43567Amending Terms of Financing2016-10-07T23:10:59Z<![CDATA[HALIFAX, NOVA SCOTIA--(Marketwired - Oct. 7, 2016) - GrowthWorks Atlantic Venture Fund Ltd. ("Atlantic Fund") provided an update today regarding the aggregate investment in the amount of $1.5 million (the "Investment") provided by three Canadian financial companies (collectively, the "Investors"), as previously announced on October 1, 2015. The Investors have agreed to amend certain Investment repayment terms to provide Atlantic Fund with additional financial flexibility while it focuses on maximizing the value of the venture portfolio and returns to shareholders. Under the amended terms, the Investors will receive a reduced percentage of the net proceeds generated from the sale of Atlantic Fund venture portfolio assets until certain net proceeds thresholds are achieved, after which, the percentage of net proceeds received by the Investors will revert to the original terms of the Investment agreement and continue until such time as the Investment and required return to the Investors is paid within the 36 month term of the Investment. In accordance with the terms of the Investment, the Investors can secure their Investment when the Atlantic Fund's net asset value, NAV, is less than ten times the aggregate amounts owed to the Investors. This condition has been satisfied and the Investment is now secured. Currently, the Atlantic Fund's NAV is $13.0 million and provides over 9 times coverage of the amount owed to the Investors.]]>https://www.globenewswire.com/news-release/2014/12/02/1377577/0/en/Matrix-Reports-Third-Quarter-Results.html?f=22&fvtc=4&fvtv=43567Matrix Reports Third Quarter Results2014-12-02T04:51:46Z<![CDATA[VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 1, 2014) - Matrix Asset Management Inc. (the "Company" or "Matrix") reported today its financial and operating results for the nine months ended September 30, 2014.]]>https://www.globenewswire.com/news-release/2014/11/29/1377576/0/en/Growth-Works-Capital-Obtains-Additional-Secured-Debt-Financing.html?f=22&fvtc=4&fvtv=43567Growth Works Capital Obtains Additional Secured Debt Financing2014-11-29T02:04:52Z<![CDATA[VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 28, 2014) - Matrix Asset Management Inc. ("Matrix") announces that its subsidiary, Growth Works Capital Ltd. ("GWC"), has obtained an additional loan of $1,009,373 ("Additional Operating Loan") from R.C. Morris & Company Special Opportunities Debt Fund II LP ("Lender") that previously extended to GWC a $5,362,250 million loan announced on October 1, 2013, December 30, 2013 and July 30, 2014 (together with the Additional Operating Loan, the "Entire Loan").]]>https://www.globenewswire.com/news-release/2014/11/20/1377575/0/en/GrowthWorks-Atlantic-Venture-Fund-Provides-Update-on-Sales-and-Redemptions.html?f=22&fvtc=4&fvtv=43567GrowthWorks Atlantic Venture Fund Provides Update on Sales and Redemptions2014-11-20T20:16:43Z<![CDATA[HALIFAX, NOVA SCOTIA--(Marketwired - Nov. 20, 2014) - GrowthWorks Atlantic Venture Fund Ltd. ("Atlantic Fund") reported today that it has suspended until further notice sales and weekly redemptions of its Class A Shares (the "Shares"), specifically the Balanced Series and the GIC Series.]]>https://www.globenewswire.com/news-release/2014/11/11/1377574/0/en/Matrix-Asset-Management-Inc-Announces-Management-Changes-at-Its-Subsidiary-Growth-Works-Capital-Ltd.html?f=22&fvtc=4&fvtv=43567Matrix Asset Management Inc. Announces Management Changes at Its Subsidiary Growth Works Capital Ltd.2014-11-11T01:50:42Z<![CDATA[VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 10, 2014) - Matrix Asset Management Inc. ("Matrix") announces that David Levi will retire as President and CEO of its subsidiary Growth Works Capital Ltd. ("GWC"). Mr. Levi will become Executive Chairman of GWC and will continue to be President and CEO of Matrix. Christopher Morris will become President and CEO of GWC. Mr. Morris is the principal of R.C. Morris & Company Special Opportunities Debt Fund II LP, a lender to GWC, and President of R.C. Morris & Company Ltd., a turnaround and restructuring firm based in Vancouver.]]>