-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RIInpQyCAgtZDXHg9FA/W0iLavBdAQKSRxiWUIv86ZZBE86/G2LzRA5f+/+r84RH bO6MxD862RagSYZyVndrsg== 0001199073-07-000712.txt : 20070802 0001199073-07-000712.hdr.sgml : 20070802 20070802131945 ACCESSION NUMBER: 0001199073-07-000712 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070802 FILED AS OF DATE: 20070802 DATE AS OF CHANGE: 20070802 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOLLINGER INC CENTRAL INDEX KEY: 0000911707 STANDARD INDUSTRIAL CLASSIFICATION: NEWSPAPERS: PUBLISHING OR PUBLISHING & PRINTING [2711] IRS NUMBER: 135691211 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22346 FILM NUMBER: 071019532 BUSINESS ADDRESS: STREET 1: 10 TORONTO ST STREET 2: TORONTO CITY: ONTARIO CANADA STATE: A6 ZIP: 00000 BUSINESS PHONE: 4163638721 MAIL ADDRESS: STREET 1: 10 TORONTO ST STREET 2: TORONTO CITY: ONTARIO CANADA STATE: A6 ZIP: 00000 6-K 1 d6k.htm HOLLINGER INC. FORM 6-K d6k.htm
 


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
 
For the month of  August 2007
Commission File Number: 0 - 22346
HOLLINGER INC.
120 Adelaide Street West
Suite 512
Toronto, Ontario
M5H 1T1
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.    
Form 20-F þ   Form 40-F ¨
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
  Yes  ¨
  No  þ
                 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):         
  Yes  ¨
  No  þ
 
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g-3 under the Securities Exchange Act of 1934.
 
  Yes ¨
  No  þ
 
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
     
 
HOLLINGER INC.
 
 
 
 
 
Date: August 2, 2007 By:  
/s/ G. Wesley Voorheis
 
G. Wesley Voorheis
 
Chief Executive Officer
EX-99.1 2 ex99_1.htm PRESS RELEASE, DATED AUGUST 1, 2007, REGARDING HOLLINGER INC. COMMENCING COURT SUPERVISED RESTRUCTURING. ex99_1.htm

Exhibit 99.1
 
 
TORONTO, Ontario, August 1, 2007 – Hollinger Inc. ("Hollinger") (TSX:HLG.C) (TSX:HLG.PR.B) announced today that it, together with two of its Canadian subsidiaries 4322525 Canada Inc. and Sugra Limited (collectively, the "Companies"), has initiated a Court-supervised restructuring under the Companies' Creditors Arrangement Act (Canada) (the "CCAA") and a companion proceeding in the United States pursuant to Chapter 15 of the U.S. Bankruptcy Code.  Orders of the Canadian and U.S. Courts were obtained today that have the effect of staying all actions or enforcement steps that might otherwise be taken against the Companies, and provides them with an opportunity to facilitate a restructuring of their assets and affairs.
 
G. Wesley Voorheis, the CEO of Hollinger, said, "It became necessary to take this step to protect the interests of all of our stakeholders once it became clear to us that Hollinger's noteholders intended to accelerate payment of the full amount of the indebtedness under Hollinger's senior notes.  The primary asset securing this indebtedness is the Companies' majority interest in Sun-Times Media Group, Inc. ("Sun-Times")."
 
He went on to say, "Hollinger intends to proceed diligently with a strategic process designed to maximize the value of Sun-Times for the benefit of all Sun-Times' stakeholders.  We will contemporaneously run a strategic process at the Hollinger level to maximize value for the benefit of all Hollinger's stakeholders.  We believe that these strategic processes will best protect and enhance the interests of all our stakeholders.  We have sought court protection today in order to give us a reasonable opportunity to run these processes through to a successful conclusion."
 
Pursuant to the Canadian Court Order obtained today, Ernst & Young Inc. is appointed by the Court as Monitor to assist the Companies through their restructuring process.  The Canadian Court Order stays all of the Companies' obligations to creditors for an initial period of 30 days, and may be extended upon subsequent motions being made to the Court.  A companion Order has been obtained from the U.S. bankruptcy court, which will remain in effect pending a further hearing.
 
 Company Profile
 
Hollinger’s principal asset is its approximately 70.0% voting and 19.7% equity interest in Sun-Times  (formerly Hollinger International Inc.), a newspaper publisher with assets which include the Chicago Sun-Times and a large number of community newspapers in the Chicago area. Further information can be obtained at www.hollingerinc.com.
 
 
CONTACT INFORMATION
 
Media contacts:
G. Wesley Voorheis
Chief Executive Officer
(416) 363-8721 ext. 237
wvoorheis@hollingerinc.com
 
William E. Aziz
Chief Financial Officer
(416) 363-8721 ext. 262
baziz@hollingerinc.com
 

 
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