Business NewsMarketWire • SelectCore Ltd. Served With Statement of Claim

SelectCore Ltd. Served With Statement of Claim

SelectCore Ltd. Served With Statement of Claim

TORONTO, ONTARIO--(Marketwired - April 20, 2017) - SelectCore Ltd. ("SelectCore" or the "Company") (TSX VENTURE:SCG) announced today that it has been served by PACE Savings & Credit Union Limited ("PACE") with a Statement of Claim filed in the Ontario Superior Court of Justice (the "Claim"). The Claim relates to the shortfall of a secured cash pledge ("Secured Deposit"), as per the Special Account Agreement executed between the Company and All Trans Financial Services Credit Union Limited ("All Trans"), which was acquired by PACE. The Company has been disclosing this shortfall in its financial statements during the previous years.

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