Most OPTI Canada second-lien noteholders vote to approve master plan

By Caroline Salls

Pittsburgh, Sept. 7 - OPTI Canada Inc.'s master plan was approved by a majority of holders of its second-lien notes, collectively holding 99.97% of the principal amount of the notes that were voted at a noteholder meeting held Wednesday, according to a company news release.

OPTI said it plans to apply to the Court of Queen's Bench of Alberta for an order approving the master plan under the Companies' Creditors Arrangement Act and the Canada Business Corporations Act.

OPTI Canada is a Calgary, Alta.-based company focused on developing oil-sands projects.

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