Sage Gold Updates Status Report TORONTO, Aug. 03, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V: SGX) reports that on July 30, 2018 the Ontario Superior Court of Justice Commercial List (the “Court”) issued a Court Order (the “Order”) against the Company, appointed Deloitte Restructuring Inc. as receiver over all of the assets, undertakings and properties of the Company. The applicant, CRH Funding II Pte. Ltd. (“CRH”) had brought the receivership application, alleging that Sage Gold had become insolvent and as such, was unable to fulfil its obligations to...
Sage Gold Provides Status Report TORONTO, July 16, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) reports that an application was issued on July 10, 2018 in the Ontario Superior Court of Justice against the Company. The applicant, CRH Funding II Pte. Ltd. (“CRH”), is seeking a court order appointing a receiver over the assets of Sage Gold, alleging that Sage Gold has failed to fulfill its gold delivery obligations to CRH. An interim receiver was appointed by the court on July 13, 2018 with powers expressly limited to the protection and preservation ...
Sage Gold Receives Notice of Intention to Enforce Security and Provides Corporate Update TORONTO, June 28, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) has received a Notice of Intention to Enforce Security under section 244 of the Bankruptcy and Insolvency Act from Cartesian Royalty Holdings (“CRH”) on behalf of CRH Funding II Pte. Ltd., in respect of amounts owing under the Gold Payment Agreement (“GPA”) dated November 17, 2016. The Company is taking the notification seriously and is reviewing and considering its alternatives. The Company will con...
Sage Gold Provides Bi-Weekly MCTO Status Report TORONTO, June 22, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) is providing a bi-weekly update on the status of the Management Cease Trade Order (“MCTO”). On April 27, 2018, the Company disseminated a News Release disclosing that it had voluntarily applied to the Ontario Securities Commission (the “OSC”) for a MCTO as it was not able to complete and file its audited financial statements, CEO and CFO certifications, and management discussion & analysis (the “Annual Filings”) for the year ended December 3...
Sage Gold Provides Bi-Weekly MCTO Status Report TORONTO, June 08, 2018 (GLOBE NEWSWIRE) -- Sage Gold Inc. (“Sage Gold” or the “Company”) (TSX-V:SGX) is providing a bi-weekly update on the status of the Management Cease Trade Order (“MCTO”). On April 27, 2018, the Company disseminated a News Release disclosing that it had voluntarily applied to the Ontario Securities Commission (the “OSC”) for a MCTO as it was not able to complete and file its audited financial statements, CEO and CFO certifications, and management discussion & analysis (the “Annual Filings”) for the year ended December 3...
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