VANCOUVER, British Columbia, Feb. 23, 2017 (GLOBE NEWSWIRE) -- Luxor Industrial Corporation (“Luxor” or the “Company”) (TSX.V:LRL) (OTC:LXRRF) announces that John Taylor and Blair Nutting have resigned as directors of the Company. In addition, Mr. Taylor has resigned as a director and Chief Executive Officer of Western Interlok Systems Ltd. Mr. Nutting has also resigned as Vice President of Mill Frame Inc.
VANCOUVER, British Columbia, Feb. 10, 2017 (GLOBE NEWSWIRE) -- Luxor Industrial Corporation (“Luxor” or the “Company”) (TSX.V:LRL) (OTC:LXRRF) wishes to provide a corporate update.
On February 7, 2017, the Company requested that the TSX Venture Exchange place a halt on the trading of its common shares. Luxor made the request so that it could update the market of developments impacting the Company.
The Company is experiencing significant financial distress and has retained a strategic consulting group to assist it in attempting to complete a financial restructuring. Notwithstanding the Company’s efforts, there is no guarantee that they will be successful in completing a restructuring.
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