TORONTO, June 8 /CNW/ - Hemosol Corp. (TSX: HML) today announced that the Superior Court of Justice of Ontario (the “Court”) approved the plan sponsorship agreement (the “Agreement”) entered into between PricewaterhouseCoopers Inc., in its capacity as interim receiver of the assets, property and undertaking of Hemosol Corp. and its affiliate Hemosol LP (together “Hemosol”) and the party (the “Plan Sponsor”) that had expressed an interest in acquiring all of Hemosol’s business and with whom the Receiver had been engaged in discussions over the past weeks.
