San Gold Corporation (TSX: SGR) ("San Gold" or the "Company") announced today that, pursuant to an order (the "Order") of the Court of Queen's Bench (Winnipeg Centre) (the "Court") dated February 26, 2015 San Gold Corporation ("San Gold") obtained Court approval to conduct a Sale and Investor Solicitation Process ("SISP"). Pursuant to the SISP and the Order, Beacon Securities Limited is soliciting proposals from strategic and financial parties to acquire the property, assets and business of, or to invest in San Gold.
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Rice Lake Mining Complex near Bissett, Manitoba.
The SISP is being carried out pursuant to the San Gold's Notice of Intention ("NOI") to make a proposal to its creditors. MNP Ltd. is the proposal trustee for the NOI process and will also supervise the SISP.
Interested parties may obtain additional information by contacting Beacon Securities Limited at:
Beacon Securities Limited Stephen J. A. Delaney, Director, Investment Banking (416) 507-3965 sdelaney@beaconsecurities.ca
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Rice Lake Mining Complex near Bissett, Manitoba. San Gold is listed on the Toronto Stock Exchange under the symbol "SGR".
Cautionary Note
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties.
Any statements that express or involve discussions ---- readers should not place undue reliance on forward-looking statements.
SOURCE San Gold Corporation
For further information: on San Gold, please visit
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