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Red Lake Madsen Mine Ltd LRTNF

Pure Gold Mining Inc is a gold mining company, located in the heart of Red Lake, Ontario, Canada. Its vision is pure and simple, to build a profitable, multi-generational growth company in the world-class gold mining district of Red Lake. With 100%-owned, fully constructed operating PureGold Mine, a multi-million-ounce gold endowment, and significant exploration upside, the company's value-maximizing strategy is to pursue operational excellence, while investing in systematic exploration and phased expansions to fuel discovery and growth for the future.


GREY:LRTNF - Post by User

Comment by Sherry35on Jan 08, 2023 12:07pm
78 Views
Post# 35209646

RE:RE:RE:RE:Pulcan, I recall reading your posts about 6 years ago and

RE:RE:RE:RE:Pulcan, I recall reading your posts about 6 years ago and Shelby2 - I wouldn't take CCAA advise from anyone on this forum including me. Call KSV.

The KSV has a list of claims against the estate.

PGM Creditor List on KSV CCAA Monitor Web Site

There is one secured creditor which is Sprott Lending. No big surprise. Their claim matched the 3rd quarter report at $130M. No big surprise.Can't claim loss of future interest with CCAA stopping the clock on the loans.

There are 7 pages of unsecured creditors with a total claim of $150M. Eric Sprott and Anglo Gold American are not on the unsecured creditor list.  No claim no piece of the PGM estate pie.

P.S. - Nortel Networks filed CCAA on Jan 21 2009. I got a cheque last year from Bert and Ernie. The stock still trades on the OTCBB. ALL THE ASSETS (3 business units, IP, buildings) WERE SOLD/AUCTIONED  in the 2015 timeframe. The insolvency cartel took 30% of the the $10.B US etsate in service fees. I lived and breathed the Nortel CCAA right to my last cheque in 2022 - 12 years after CCAA was filed.

I do not own shares in PGM. This is a public forum. Don't like my posts, don't read them. This includes the stock juicer scalpers.

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