San Gold announced today that it has closed the sale of all of its assets, subject to certain limited exceptions, to 7097914 Manitoba Ltd. The Purchaser is a nominee corporation of San Gold's principal secured creditors for the purpose of acquiring the assets of San Gold. The transaction was completed pursuant to an asset purchase agreement between [...]
San Gold today reported its 2015 first quarter financial and operating results. On March 5, as part of the Company's ongoing court-ordered restructuring process pursuant to its application under Part III, Division I of the Bankruptcy and Insolvency Act (Canada), the Company undertook a Sale and Investor Solicitation Process (SISP) to seek [...]
San Gold announces that it is late in filing its interim financial statements and management discussion and analysis for the three month period ended March 31, 2015 on the prescribed deadline of June 1, 2015. The Company has made an application with the applicable securities regulators under National Policy 12-203 – Cease Trade Orders for [...]
San Gold announced today it did not receive any third party final bids by the deadline for the Company's previously announced Sale and Investor Solicitation Process pursuant to the Bankruptcy and Insolvency Act (Canada). As a result, it is expected that the Company's secured lenders will seek court approval for a transaction by which the assets of [...]
San Gold announced today that it had obtained an order granting an extension to the time within which its proposal trustee, MNP Ltd., may file a proposal to its creditors under the Bankruptcy and Insolvency Act (Canada) to June 22, 2015. The maturity date for the Company's debtor-in-possession financing was also extended to June 22, 2015. The order [...]
San Gold announced today that it had obtained an order granting an extension to the time within which its proposal trustee, MNP Ltd., may file a proposal to its creditors under the Bankruptcy and Insolvency Act (Canada) to May 15, 2015. The maturity date for the Company's debtor-in-possession financing was also extended to May 15. The order and [...]
WINNIPEG, April 15, 2015 /CNW/ - San Gold Corp. (TSX-V: SGR) ("San Gold" or the "Company") announces it has expanded the scope of the temporary operational changes initiated at its Rice Lake mine in March, including the suspension of all mining operations. The changes are being implemented to conserve cash and reduce the potential for additional [...]
WINNIPEG, March 31, 2015 /CNW/ - San Gold Corp. (TSX-V: SGR) ("San Gold or the "Company") today announced an updated mineral reserve and resource estimate for its Rice Lake Mining Complex. During 2014, definition drilling and mine planning efforts focused on better defining the 710-711 veins and the extensions of the Hinge District to 16 Level [...]
WINNIPEG, March 30, 2015 /CNW/ - San Gold Corp. (TSX-V: SGR) today reported its 2014 annual and fourth quarter financial and operating results. The Company made significant progress in 2014 toward optimizing its Rice Lake operations, eliminating significant inefficiencies and implementing a revised 1,000 ton per day mine plan under the leadership [...]
WINNIPEG, March 25, 2015 /CNW/ - San Gold Corp. (TSX-V: SGR) ("San Gold" or the "Company") announced today that it will not be funding the $2 million interest payment due March 31 in respect of its subordinated unsecured convertible debentures currently traded on the TSX Venture Exchange under the trading symbol "SGR.DB". On December 22, 2014, the [...]
WINNIPEG, March 23, 2015 /CNW/ - San Gold Corp. (TSX: SGR) ("San Gold" or the "Company") announced today it has initiated a number of temporary operational changes at its Rice Lake mine. The changes are being implemented to conserve cash and reduce the potential for additional short-term financing as the Company completes its Sales and Investor [...]
San Gold announces that it has received approval to list its common shares and 8% subordinated unsecured convertible debentures (the "Debentures") on the TSX Venture Exchange, which is scheduled to occur concurrently with the delisting of its Common Shares from the Toronto Stock Exchange. The Common Shares and Debentures will be delisted from the [...]
