Mistral Pharma Inc.: The Court Approves the Proposal Filed Under the Bankruptcy and Insolvency Act

Published: Sep 18, 2008

MONTREAL, QUEBEC--(Marketwire - September 17, 2008) - Mistral Pharma Inc. (TSX VENTURE: MIP) (the "Corporation") announced that on September 15, 2008, the Quebec Superior Court approved the proposal filed by the Corporation under the Bankruptcy and Insolvency Act (Canada). The proposal shall effect a compromise of the Corporation's debts existing at June 13, 2008, and effect a reorganization under Section 191 of the Canada Business Corporations Act.

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