Crosswinds Obtains Interim Order for Plan of Arrangement to Implement Monetization Event
(WorldNews Canada)

TORONTO, Aug. 16, 2018 (GLOBE NEWSWIRE) -- Crosswinds Holdings Inc. (`Crosswinds` or the `Company`) (TSX: CWI) is pleased to announce that it has obtained an interim order (the `Interim Order`) from the Court of Queen´s Bench of Alberta (the `Court`) in connection with a proposed arrangement (the `Arrangement`). As previously announced on June 22, 2018, the Board of Directors of Crosswinds (the `Board`) has determined, having regard to the Company´s available resources and opportunities, that it is in the best interests of the Company to distribute all of its available capital (less a reasonable reserve for liabilities and contingencies) to shareholders and dissolve the Company (the...