SCARBOROUGH, ON—Ontario-based J. F. Moore Lithographers Inc., filed a Notice of Intention (NOI) to make a proposal under the Bankruptcy and Insolvency Act. The NOI was filed on April 13.

It should be noted, that this is not a bankruptcy. The company is still operating.

Under the notice, protection has been sought under the Bankruptcy and Insolvency Act pending the filing of a reorganizational proposal to creditors.

Pursuant to the Bankruptcy and Insolvency Act: All proceeding by creditors are stayed as of April 13; the Companies are required to file a proposal within 30 days of the filing of the NOI, subject to an extension of the court; and a meeting of the creditors to consider the proposal to be held within 21 days of the filing of a proposal. An extension to the NOI was filed on June 23 with an August 10 deadline.

Major creditors include Dean Baxendale, owner of J.F. Moore, and Frank Pantaleo, one of the founders of the company and Business Development Bank of Canada.

J.F. Moore Lithographers Inc. celebrated its 30th year of operation this year.