Nord Resources Announces Appointment of Receiver
Post# of 297
Posted On: 11/28/2014 7:09:36 PM
Nord Resources Announces Appointment of Receiver
| Monday, November 24, 2014 5:38 PM |
[PR Newswire] - The appointment of Mr. Linscott follows the termination of discussions between the Company and the principal secured lender of Nord's $52 million secured loan facility. The discussions, the commencement of which was initially disclosed in September 2009, were unsuccessfully concluded after the secured lenders rejected the Company's proposal to provide additional liquidity and further extend the time necessary to refinance the Company.
http://us.rd.yahoo.com/finance/news/rss/story...00028.html
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| Monday, November 24, 2014 5:38 PM |
[PR Newswire] - The appointment of Mr. Linscott follows the termination of discussions between the Company and the principal secured lender of Nord's $52 million secured loan facility. The discussions, the commencement of which was initially disclosed in September 2009, were unsuccessfully concluded after the secured lenders rejected the Company's proposal to provide additional liquidity and further extend the time necessary to refinance the Company.
http://us.rd.yahoo.com/finance/news/rss/story...00028.html
~ This Week's OTC News In Review! ~
Covering the entire market and teaching traders! Visit here to learn technicals and fundamentals >>
http://www.stockgoodies.com/lessons.html
~ http://www.fallenheroesfund.org/ ~
St. Jude 2014 Drive has started >> http://tinyurl.com/St-Jude-2014
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