Orbite Technologies Inc EORBF

Metals & Mining Aluminum Industrial Metals & Minerals

Orbite Technologies Inc is a Canada-based mineral-processing and resource development company. The firm is organised into the following segments; Specialty Products, Waste Monetization and Commodity Minerals. It produces alumina, silica, hematite, magnesium oxide, titanium oxide, smelter-grade alumina, rare earth oxides and rare metal oxides. The operation plant is based in Canada.

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Orbite Technologies Inc > False newspaper article content - Orbite is not bankrupt

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Comment by dalesio_98on Nov 29, 2019 8:48pm

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Post# 30407788

RE:False newspaper article content - Orbite is not bankrupt

dalesio_98 wrote:
FALSE --> C'est la faillite pour Technologies Orbite

Gilles Turmel | TVA Nouvelles| Publie le 31 octobre 2019 19:20

https://www.tvanouvelles.ca/2019/10/31/haute-gaspesie-cest-la-faillite-pour-technologies-orbite?fbclid=IwAR19yN8FY_zOFOQ6aAr5-HC1yuKjjBONE7UKfb1Y-b5ye4wFNRo49aqO_hM

FALSE --> Il s’agit d’une faillite de pres de 60 millions $ avec plus de 300 creanciers, dont Investissement Quebec et Developpement economique Canada.

Celui-ci a abrite Technologies Orbite, mais aussi, auparavant, un autre projet, celui d’Alpha Quartz. Dans les deux cas, le resultat aura ete le meme, la faillite. FALSE --> Orbite is not bankrupt.

Le demantelement de l'usine va debuter au debut de 2020 et devrait s'etirer pendant au moins six mois. FALSE --> No decision has been taken to dismantle the plant; furthermore, Christian Bourque PwC Monitor does not recommend same due to costs and inherent risks, as indicated in documents provided to the court on Nov. 26, 2019.

I removed the accents as Stockhouse does not allow accents in the text.