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Royal Oak monitor seeks more power

Article Abstract:

Royal Oak Mines Inc. of Kirkland, WA, has been given until Apr 16, 1999, by an Ontario court to submit a financial restructuring proposal or face the possibility of receivership. Secured creditors headed by Trilon Financial Corp are expected to ask the court to appoint an interim receiver for Royal Oak in preparation for the individual sale of its assets. Court appointed monitor PricewaterhouseCoopers has also asked for more powers to arrange the sale of the company or its assets by June 1999.

Organizational history, Gold Mines, Gold Ore Mining, Gold mining, Royal Oak Mines Inc.

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Bonds, stocks look to rally behind weaker U.S. dollar

Article Abstract:

The stock prices in United States are expected to raise, where as economy appears to be weakening. The trends of United States stock markets are forecasted.

Commodity & service prices, Economic aspects, Prices and rates, Stocks, Forecasts and trends, Market trend/market analysis, Company pricing policy, Stock markets, Stock market

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Financings surge 25% in first quarter

Article Abstract:

The reasons behind the rise in Canadian capital market financings by 25% are examined.

Canada, Capital market, Capital markets, Industry forecasts

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