The Cash Store Financial Services Inc. announced that it has obtained an order from the Ontario Superior Court of Justice granting a stay extension under its current Companies Creditors Arrangement Act proceedings to November 28, 2014. The court also authorized the company and its subsidiaries to enter into a further amendment to its amended and restated debtor-in-possession (DIP) financing agreement pursuant to which an additional loan in the aggregate amount of $5 million will be available to the company. In addition, the Further Amended DIP Agreement permits the company to use $1.3 million of tax refunds to fund operations, rather than to make an immediate repayment to the DIP lenders.

The amounts made available under the Further Amended DIP Facility are required in order to continue going concern operations and attempt to complete a sale of the company's business pursuant to the Court-approved Sale Process, under which prospective purchasers have had the opportunity to submit a bid for the company's property.