{"id":20660,"date":"2012-12-20T21:59:00","date_gmt":"2012-12-21T01:59:00","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=20660"},"modified":"2012-12-20T21:59:00","modified_gmt":"2012-12-21T01:59:00","slug":"ylo-delisted","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=20660","title":{"rendered":"YLO Delisted"},"content":{"rendered":"

Yellow Media Limited has announced<\/a>:<\/p>\n

that its previously announced recapitalization (the “Recapitalization”) has been implemented and is now effective.<\/p>\n

Pursuant to the Recapitalization, Yellow Media Inc.’s former securities and all entitlements relating thereto have been exchanged and cancelled for, as applicable, cash, new common shares (TSX: Y) and warrants (TSX: Y.WT) of Yellow Media Limited, the new public parent company resulting from the Recapitalization, and new senior secured notes and new senior subordinated exchangeable debentures (TSX: YPG. DB) of YPG Financing Inc., the entity previously named Yellow Media Inc. and now a wholly-owned subsidiary of Yellow Media Limited.<\/p><\/blockquote>\n

Accordingly, trading in the company’s securities was halted<\/a>:<\/p>\n

The following issues have been halted by IIROC:<\/p>\n

Company: Yellow Media Inc.<\/p>\n

TSX Symbol: YLO (all issues)<\/p>\n

Reason: Pending Delisting<\/p>\n

Halt Time (ET): 8:58 AM ET<\/p><\/blockquote>\n

S&P then declared YLO in default<\/a>:<\/p>\n

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