OTCPK:NORZF - Post by User
Post by
JohnnyBurnetteon Oct 20, 2022 3:33pm
306 Views
Post# 35037254
Thought Question
Thought Question I realize that RCF holds a lien on the Prairie Creek property. But I'm wondering what happens in the case of default. Suppose minority shareholders don't approve the offer in place: Question #1 can RCF just take possession of the property, leaving shareholders out of luck and the company out of assets? Or would the company declare bankruptcy requiring RCF to go through a bankruptcy court to obtain monies due them (but not necessarily the mine?) Question #2 let's assume again that the vote fails and further that they have the property but that NORZINC is in the dustbin. What becomes of the approved permits if the permit holder no longer exists?
I'm asking these questions as I'm beginning to see that RCF has as much if not more to lose than I do.
anyone who knows the answers to the questions above please answer here.