Royal Oak on brink of bankruptcy

Article Abstract:

Royal Oak Mines Inc has filed for bankruptcy protection after failing to come to terms with its senior creditors. The gold miner has also secured an emergency loan package of C$34.7 million from its main secured creditor, Trilon Financial Corp, money that should keep its mines operating for a few weeks. The company, which has been reeling from the impact of historically low gold and copper prices, has been working to restructure its C$515 million debt since late 1998.

Canada, Gold Ore Mining, Gold Mines, Royal Oak Mines Inc.

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Assante delays pricing of its public offering

Article Abstract:

Assante Corp., an investment management company based in Winnipeg, Manitoba, has delayed the release of its shares price for the firm's initial public offering. The firm intends to price the offering between C$13 and C$15. Assante is also considering reducing the price to C$11 per share to encourage more buyers.

Investment Companies, Open-End Investment Funds, Manitoba, Assante Corp

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