Southern Pacific Resource Corp STPJF

from price waterhouse

[John104]

Regarding your inquiry on Southern Pacific, unfortunately I don't have a whole lot to report back to you. The company is still in receivership with PwC as the Receiver Manager. We expect to publish a report to the public within the next two weeks which will provide more information on the current status, and this will be your best source of information. At a high level, the shareholders are the last to be paid out in a receivership, and at this point it does not appear likely that sufficient funds will be realised from the sale of assets to pay out Shareholders after the other creditors. I've attached below a link to the FAQ section of our website, as well as the link to where our public report will be published within the next few weeks. https://www.pwc.com/ca/en/services/insolvency-assignments/stp.html https://www.pwc.com/ca/en/services/insolvency-assignments/receivership-faqs.html Regards, Liam