Chieftain Metals Corp. announce that today Grant Thornton was appointed through court order as the receiver of all the assets, undertakings and properties of Chieftain. As at the date of this press release the majority of the directors of the Corporation have resigned, but several will remain on the board to continue with their efforts to assist [...]
Chieftain Metals Corp. were served with an application by West Face Capital Inc., as agent for West Face Long Term Opportunities Global Master L.P., seeking the appointment of Grant Thornton Limited as receiver of all of the assets, undertakings and properties of Chieftain. The Corporation has been advised that a court date has been set for next [...]
On August 15, 2016, Chieftain Metals Corp. received from West Face Capital Inc. acting as an agent of West Face Long Term Opportunities Global Master L.P. a repayment demand in the amount of C$26,544,454.94 plus a forbearance fee of C$150,000, plus any costs and expenses. The Corporation also received a notice of intention to enforce the security [...]
On May 10, 2016, Chieftain Metals Corp. and an investment fund advised by West Face Capital Inc. entered into a Forbearance Agreement pursuant to which West Face agreed not to exercise its rights under its security that became enforceable on March 31, 2016 until August 2, 2016. Chieftain is continuing to explore alternatives as to the best way [...]
Chieftain Metals Corp. announces that, subject to final TSX and shareholder approvals, the Board of Directors passed a resolution to issue 1,762,574 replacement options to purchase common shares of the Corporation to directors and management at C$0.15. The replacement options will vest over the next 2 years and expire in June 2026, according to [...]
Chieftain is pleased to provide an update on its Strategic Review announced on May 18, 2016. The Company has retained Endeavour Financial to contact a wide variety of investors including equity providers, banks providing project debt, trading groups, streaming companies and exploration joint venture partners regarding its Tulsequah Chief [...]
On May 10, 2016, Chieftain Metals Corp. and an investment fund advised by West Face Capital Inc. entered into a Forbearance Agreement pursuant to which West Face agreed not to exercise its rights under its security that became enforceable on March 31, 2016 until August 2, 2016. In consideration of the Forbearance Agreement, Chieftain has agreed to [...]
Chieftain Metals Corp. as the borrower, had $24,754,165 of debt outstanding as at March 31, 2016 including accrued and unpaid interest and fees pursuant to its Loan Agreement of July 4, 2014 with an investment fund advised by West Face Capital Inc., as amended by an amending agreement dated March 31, 2015 and under a separate Demand Promissory [...]
TORONTO, ONTARIO--(Marketwired - Dec 22, 2015) - Chieftain Metals Corp. (Chieftain) (TSX VENTURE:CFB) announces that its wholly-owned subsidiary, Chieftain Metals Inc. (the Company), has received C$1.6 million (New Loan) in the form of a Demand Promissory Note from West Face Long Term Opportunities Global Master L.P., with West Face Capital Inc [...]
TORONTO, ONTARIO--(Marketwired - Oct 1, 2015) - Chieftain Metals Corp. ("Chieftain") (TSX VENTURE:CFB) announces that its wholly-owned subsidiary, Chieftain Metals Inc. (the "Company"), and Teck Resources Ltd. ("Teck") have agreed to amend the terms of the existing CDN$5,000,000 Loan Agreement entered into on November 15, 2010 ("the Loan [...]
TORONTO, ONTARIO--(Marketwired - Sep 29, 2015) - Chieftain Metals Corp. (TSX VENTURE:CFB) ("Chieftain" or the "Company") is pleased to announce that Mr. Keith Marshall has joined the Company's Board of Directors, effective immediately and will also serve as Chairman of the Technical Committee. Mr. Marshall has over 35 years' experience in the [...]
TORONTO, ONTARIO--(Marketwired - Mar 31, 2015) - Chieftain Metals Corp. ("Chieftain") (TSX VENTURE:CFB) announces that its wholly-owned subsidiary Chieftain Metals Inc. (the "Company") and West Face Capital Inc., acting as agent for West Face Long Term Opportunities Global Master L.P., a fund managed by West Face Capital (collectively, "West Face [...]
