San Gold Corporation (SGRCF)

[goldenpolarbear]

1911 Gold Intersects High-Grade Gold Mineralization in Initial Drillholes of the Phase 1 Exploration Drilling Program at its Rice Lake Gold Properties in Manitoba

January 30, 2020


https://www.1911gold.com/home/default.aspx

“... Due to the fact that San Gold has sold substantially all of its assets to the Purchaser, San Gold does not have the ability to make a proposal to its other creditors. Accordingly, San Gold will become bankrupt upon the expiration of the current stay period in San Gold's proposal proceedings, which expires today, June 22, 2015, at 11:59 p.m. (central). Following such bankruptcy, San Gold anticipates that its shares will be de-listed from the TSX Venture Exchange.

The Company also advises that all of the officers and directors of the Company have resigned effective today.

Information related to the bankruptcy proceedings, as it becomes available, will be posted on the bankruptcy trustee's website at:
http://mnpdebt.ca/en/corporate-insolvency/corporate-engagements/pages/details.aspx?title=san-gold-corporation ...”

https://www.newswire.ca/news-releases/san-gold-announces-sale-of-assets-to-secured-creditors-517972671.html