North American Tungsten Corporation Ltd (NATUF)

[StockRoomBully]

2. Is a company that files for protection under CCAA considered to be bankrupt?

No. While a company filing for CCAA is insolvent, meaning that it has insufficient liquidity to continue to fund its obligations as they become due and/or its liabilities are greater than the assets that are
available to satisfy those liabilities, the company is not considered to be bankrupt.

In Canada,
‘bankruptcy’ refers to proceedings commenced under the Bankruptcy and Insolvency Act, which is different than the CCAA.


In fact, the Stay of Proceedings under the CCAA prevents creditors from forcing the company into bankruptcy.

For this reason, CCAA is sometimes referred to as ‘Bankruptcy Protection’.

$natuf Cantung projects 2020 - early 2021? @CrossStocks @Estrella_Muak #tungsten @OTCMarkets pic.twitter.com/LgJSBtmipD

— !ncogn!to (@StockRoomBully) October 20, 2020

Pdf file

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.alvarezandmarsal.com/sites/default/files/canada/twenty_first_report_of_the_monitor_march_16_2020.pdf&ved=2ahUKEwjdpfzPjcrwAhVBmK0KHXasAxUQFjABegQIBRAC&usg=AOvVaw0OSn5rD6JUm3O9iFWKG8zc