There's been a one-week delay for a crucial vote by creditors of Terrace Bay Pulp mill.
The meeting had been scheduled for Monday for creditors to vote on a plan approved by a court-appointed monitor. But Buchanan Group lawyer Yves Fricot said they've agreed to wait another week to hold the vote in an effort to ensure all the parties are up to date on the situation and ready for the vote.
If the company receives more than 50 per cent creditor approval, the plan will go back to the courts for final approval.
Buchanan has been working for the past year trying to get the pulp mill out of creditor protection, so that it can possibly re-open sometime this summer.
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