Banks Island Gold Ltd BKSLF

BOZ files for Bankruptcy

[santi69]

Banks Island Gold Ltd. Files for Bankruptcy

 

 

 

 

 

 

 

 

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 8, 2016) - Banks Island Gold Ltd. (TSX VENTURE:BOZ) (the "Company") reports that the company is in financial difficulties and is no longer able to meet its obligations generally as they became due. The Company directors therefore resolved and the Company has made an assignment pursuant to the Bankruptcy and Insolvency Act. D.Manning & Associates Inc. will act as Trustee in Bankruptcy.

The Company also advises that directors of the Company Fred Sveinson, Jason Nickel, and John Anderson have resigned effective immediately. Benjamin Mossman is currently the sole director of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS

Benjamin W. Mossman, P.Eng, President, Director, & Chief Executive Officer