A spokesperson for BDO Dunwoody, the company appointed by the court as monitor during the stay period, said it had "now received a number of offers and is close to making a decision on which offer to proceed with".

This is the third extension to the stay period which began in May when equity partners in the company successfully applied under the Capital's Companies' Creditors Arrangement Act in Canada and registered the plan under Chapter 15 in the US for the creditor protection period.