Ecolomondo Corporation Receives Court Approval for Asset Sale

Ecolomondo Corporation has received court approval from the Superior Court of Québec for an Asset Purchase Agreement with Tire Reviver Inc., involving the sale of nearly all its assets as part of its restructuring under the Companies’ Creditors Arrangement Act (CCAA). The transaction includes assets from several subsidiaries, including Ecolomondo Environmental (Hawkesbury) Inc. and Ecolomondo Advanced Carbon Technologies Inc. Net proceeds from the sale will be allocated according to applicable legislation, with further updates on the CCAA proceedings to follow.