Toronto, Ontario--(Newsfile Corp. - August 15, 2024) - Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) ('Sabre Gold' or the 'Company') wishes to advise that it expects to be affected by the receivership
Toronto, Ontario-- - Sabre Gold Mines Corp. wishes to advise that it expects to be affected by the receivership of Victoria Gold Corp. . Victoria has announced that the Ontario Superior Court of Justice has granted an order appointing PricewaterhouseCoopers Inc. as the receiver and manager of Victoria including all of its property, assets and undertakings.
$0.5 million in cash and an additional $2.5 million in cash or Victoria common shares at Victoria's election, on September 14, 2024; and The remaining payments are unsecured obligations of Victoria. It is unclear at this time, whether or not, the Company will receive any amounts in respect of the remaining payments and, if so, when such amounts would be paid. Sabre Gold intends to pursue whatever legal remedies are available with respect to receipt of the remaining payments.
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