BioAmber Inc fka BIOAQ

[Gold prospector]

Of the 11 letters of intent received, two were listed as strategic buyers and nine were listed as liquidators or others.

Five potential bidders made plant visits.

Arlette has said potential bidders included those interested in continuing the operation at the Sarnia plant, as well as those interested in the assets.

The monitor’s report said additional time was required to complete the selection of a successful bid, or bids, in the liquidation process.

“We’re continuing discussions with the bidders and the company’s secured creditors on the different bids that have been received,” Arlette said.

“Once we have more information to share on that, of course, we’ll do so.”