San Gold Corporation (SGRCF)

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San Gold Advises on March 31 Debenture Interest Payment
Mar 25, 2015

WINNIPEG, March 25, 2015 /CNW/ - San Gold Corporation (TSX-V: SGR) ("San Gold" or the "Company") announced today that it will not be funding the $2 million interest payment due March 31 in respect of its subordinated unsecured convertible debentures currently traded on the TSX Venture Exchange under the trading symbol "SGR.DB".

On December 22, 2014, the Company filed a Notice of Intention to Make a Proposal ("NOI") under the Bankruptcy and Insolvency Act (Canada) (the "Act"). The creditor "stay period" provided by the Act has been extended by Court order while the Company takes steps in the proposal proceedings.

http://sangold.mediaroom.com/2015-03-25-San-Gold-Advises-on-March-31-Debenture-Interest-Payment