San Gold Corporation (SGRCF)

[goldenpolarbear]

SAN GOLD "...was effectively acquired by a numbered company on behalf of Beechwood Re, a reinsurance operation based out of the Cayman Islands which held secured debt totalling $23.75 million.

Tim Friesen, executive vice-president of the Mining Association of Manitoba, said the Klondex deal is great news for the Manitoba mining sector.

"This means the potential for a restart of the Rice Lake mine moves it from the 'if' to the 'when' category," Friesen said...."
http://www.winnipegfreepress.com/business/bc-firm-gets-bargain-on-bissett-mine-362905091.html
No point IMHO in selling any of these shares at these ridiculously low levels...
These shares should be going to zero in the near future or ...
Hopefully, Greg Gibson was able to negotiate for the San Gold shareholders via the Klondex acquisition...?

Time will tell zero or $$$$ http://www.beechwood.com

"...Beechwood Re life reinsurance company is fully licensed by the Cayman Islands Monetary Authority (CIMA) and is capitalized with over USD$158 million in capital, with additional committed capital available from Beechwood’s founders to support growth.

Beechwood Re partners have extensive experience in underwriting and reinsurance management. Additionally, our partnership group consists of skilled investment talent with unique credit-based strategies, aligning skill-sets to create requisite returns on a risk-adjusted basis tailored to reinsurance needs.

Beechwood Re has assembled an underwriting and actuarial management group focused on reinsuring in-force blocks of business that have definable underwriting risks, long-tailed liability patterns, and the ability to provide value to cedants while creating opportunity for profits through excess investment returns, and disciplined claims management processes...."