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goldenpolarbear

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goldenpolarbear

Re: Clariske post# 507

Sunday, 04/03/2016 3:09:48 PM

Sunday, April 03, 2016 3:09:48 PM

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CCAA PROCEEDINGS & The Plan of Compromise for Jaguar Mining may be part of the reason why.. .
http://cfcanada.fticonsulting.com/jaguar/courtOrders.htm

"...Jaguar Mining Inc., the operator of two Brazilian gold mines, filed for bankruptcy protection in Canada as it tries to restructure its debt.

Jaguar started proceedings under the Companies’ Creditors Arrangement Act in Ontario, the Toronto-based company said today in a statement...."


Along with ... http://www.bloomberg.com/news/articles/2013-12-23/gold-producer-jaguar-files-for-bankruptcy-protection

http://cfcanada.fticonsulting.com/jaguar/reports.htm
These proceedings are similar to a Chapter 11 in the US, IMHO.
Sincerely,
GPB
PS http://cfcanada.fticonsulting.com/jaguar/Noteholder.htm
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