Imax gets extension OK

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TORONTO -- Imax Corp. is extending the deadline for filing its annual report after securing a waver from "a majority" of the holders of its $160 million in 9 5/8% senior notes, the giant-screen exhibitor said Friday.

The move came despite opposition from Toronto-based equity fund manager Catalyst Capital Group, which unsuccessfully argued that Imax should not receive additional time to file its 10K annual financial results after failing to meet a March 30 deadline.

With the consent in place, Toronto-based Imax said it will now file its 2006 financial results by May 31.

The delay in filing its financial report stems from the broadening of an internal review into $2.5 million in accounting errors that stretch from 2001-06 (HR 3/31).
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