SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : St. Genevieve Resources (SGV.T & SGV.M)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MEAN DEAN who wrote (105)2/21/1998 2:39:00 PM
From: philip trigiani  Read Replies (1) of 140
 
Attention Business/Financial Editors:

ST. GENEVIEVE RESOURCES LTD AND KWG RESOURCES INC. POSTPONE CREDITORS MEETING

MONTREAL, Feb. 20 /CNW/ - St. GeneviŠve Resources Ltd. (''SGV'') and KWG
Resources Inc. (''KWG''), (collectively, the ''Companies'') announce that the
Superior Court of Quebec has granted permission to the Companies to postpone
the meeting of creditors in accordance with the ''Companies' Creditors
Arrangement Act'' (the ''CCAA''), in order to allow the Companies more time to
obtain all necessary approvals related to completing its restructuring plan
and proposed rights offering.
Currently, the Companies are scheduled to submit a formal plan to their
creditors and to hold a meeting of creditors on April 30, 1998.
St. GeneviŠve Resources Ltd. and KWG Resources Inc. are mining
exploration companies currently trading (without quotation) on the Canadian
Dealing Network under the symbols SGVE and KWGR.

NO REGULATORY AUTHORITY HAS APPROVED NOR DISAPPROVED
THE CONTENT OF THIS PRESS RELEASE
-0- 02/20/98

For further information: Jacques Rossignol, Lapointe Rosenstein, (514) 925-6336

--------------------------------------------------------------------------
Release sent courtesy of Canada NewsWire Portfolio Email.

To update your email portfolio, point your web browser here:

portfolio.newswire.ca

Canada's Business Report

Segments of Canada's Business Report can now be heard
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext