Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

Bravo!

http://finance.yahoo.com/news/kerr-mines-inc-announces-initial-210000110.html

"...TORONTO, ONTARIO--(Marketwired - Jul 11, 2016) - Kerr Mines Inc. ("Kerr" or the "Company") (KER.TO) is pleased to announce the initial results of its debt restructuring efforts. As previously disclosed, with the assistance of outside advisors, Kerr has initiated negotiations with both secured and unsecured creditors of the Company to reduce and restructure amounts owing in order to address its current significant working capital deficiency.

The Company has reached settlement agreements with trade creditors and certain debt holders representing C$8.4 million of the C$22.6 million of current liabilities outstanding as at March 31, 2016. The total amount of cash, common stock and future consideration paid in settling these debts is C$2.5 million..."