249. Notice of proposed compromise

the amount owing or estimated to be owing to each of them ; and

the number of votes which each of them is entitled to cast on a resolution approving the compromise.

a notice in accordance with the requirements specified in the Seventh Schedule hereto, of the intention to hold a meeting of creditors, or any two or more classes of creditors, for the purpose of voting on the resolution ; and

a statement—

containing the name and address of the proponent and the capacity in which the proponent is acting ;

containing the address and telephone number to which inquiries may be directed during normal business hours ;

setting out the terms of the proposed compromise and the reasons for it ;

setting out the reasonably foreseeable consequences for creditors of the company of the compromise being approved ;

setting out the extent of any interest of a director in the proposed compromise ;

explaining that the proposed compromise and any amendment to it proposed at a meeting of creditors or any classes of creditors, will be binding on all creditors or on all creditors of that class, if approved in accordance with the provisions of section 250 ; and

containing detalis of any procedure proposed as part of the proposed compromise for varying the compromise following its approval ; and

a copy of the list or lists of creditors referred to in subsection (1).