TSX:SGLD - Post Discussion
Post by
GoldenPolarBear on Aug 15, 2024 9:27pm
Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) has
"... Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) has announced that it expects to be impacted by the receivership of Victoria Gold Corp. In September 2023, Sabre Gold sold its subsidiary Golden Predator Mining Corp., which held the Brewery Creek property and other mineral assets, to Victoria for $13.5 million. While $8.5 million was paid in cash at closing, the remaining $5 million was to be paid in installments on September 14, 2024, and September 14, 2025. Due to Victoria's receivership, Sabre Gold does not expect to receive the $3 million payment due on September 14, 2024. The company is uncertain about receiving any future payments from Victoria. Sabre Gold plans to pursue legal remedies to recover the remaining payments, which are unsecured obligations of Victoria.
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