San Gold creditor proposal deadline, DIP financing extended to May 15

By Caroline Salls

Pittsburgh, April 22 – San Gold Corp. obtained an extension to May 15 of the time within which proposal trustee MNP Ltd. may file a proposal to San Gold’s creditors under the Bankruptcy and Insolvency Act (Canada), according to a news release.

The maturity date for San Gold’s debtor-in-possession financing was also extended to May 15.

The extensions were approved Wednesday by the Court of Queen’s Bench (Manitoba).

San Gold is a Canadian producer, developer and explorer of gold with a mining complex located near Bissett, Man.

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