Receiver probing Royal Oak actions

Article Abstract:

Royal Oak Mines Inc is being investigated for a number of alleged fraudulent and questionable actions involving its former CEO Margaret Witte and four other officials by PricewaterhouseCoopers, the receiver named to oversee the insolvent Kirkland, WA-based gold producer. The fraudulent transactions contained in a report filed with the Ontario Superior Court included selling shares to Royal Oak unit Arctic Precious Metals Inc at extremely high prices to repay loans and collapsing employee insurance policies. Actions have been taken in hopes of making the executives pay around $4 million the receiver believes they owe Arctic.

Legal issues & crime, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Accounting & Auditing Services, Royal Oak Mines Inc.

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All eyes on Shepherd in forestry merger

Article Abstract:

Jim Shepherd, the CEO of New Canfor puts the crucial finishing touches on the integration of British Columbia forestry giants Canfor Corp and Slocan Forest Products Ltd. Promises of significant cost cuts that Mr. Shepherd is easily expected to achieve have helped send the canfor stock price soaring 74 percent on the Toronto stock Exchange.

Acquisitions & mergers, Management dynamics, LUMBER AND WOOD PRODUCTS, Forest products, Management, Mergers, acquisitions and divestments, Company acquisition/merger, Chief executive officers, Forest products industry, Company business management, Canfor Corp., Slocan Forest Products Ltd., Shepherd, Jim

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