BRIEF-Sea Breeze Power Corp announces approval of restructuring proposal
May 2 Sea Breeze Power Corp:
* Sea Breeze Power Corp announces approval of restructuring proposal
* Sea Breeze Power Corp - supreme court of british columbia approved second amended proposal of sea breeze power corp and its unit, dated April 21, 2017
* Sea Breeze Power - as a result of company's ongoing operational losses and increasing liabilities it was unable to meet its obligations to creditors
* Sea Breeze Power - Power Corp to issue additional 1 billion common shares to tucan, after which Power Corp's shares to be consolidated at rate of 25 million to 1
* Sea Breeze Power - all fractional shares,other securities of power corp., except for shares held by Tucan, to subsequently be cancelled
* Sea Breeze Power Corp - Tucan will be sole shareholder of Power Corp Source text for Eikon: Further company coverage: