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Veris Gold granted final U.S. court recognition of CCAA proceedings
By Kali Hays and Toni Weeks
New York, Sept 9 – Veris Gold Corp. obtained final recognition of its Canadian Companies’ Creditors Arrangement Act on Sept. 9 from the U.S. Bankruptcy Court for the District of Nevada.
The CCAA proceeding will now be given full force and effect in the United States, protecting the company’s assets and interests of its creditors.
As previously reported, the company has been operating under CCAA protection and Chapter 15 bankruptcy since June 9.
Also on Tuesday, shareholders approved all resolutions brought before them at the company’s annual general and special meeting held in Vancouver, B.C., including electing the following new directors: Graham C. Dickson, Barry A. Goodfield, Jean Edgar de Trentinian, Francois Marland, Gerald Ruth and Simon Solomonidis.
Shareholders also voted in favor of the appointment of Deloitte LLP as auditors of the company for the ensuing year.
In addition, shareholders approved the company’s stock option plan as well as a special resolution to amend the company’s articles to create preferred shares.
In total, 57,349,332 common shares were voted at the meeting, representing 37.15% of the total shares issued and outstanding as of the record date.
Following the meeting, the board of directors held a meeting to reappoint management in their current roles: Marland as chief executive officer, Shaun Heinrichs as chief financial officers, Dickson as chief operating officer, Todd Johnson as vice president, Exploration, and Graham Scott as corporate secretary. The board also appointed Nicole Sanches as vice president, Investor Relations.
Veris is a Vancouver, B.C.-based gold production company. The Chapter 15 case number in the U.S. Bankruptcy Court for the District of Nevada is 14-51015.
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