ACCESS Newswire
22 May 2020, 06:35 GMT+10
CALGARY, AB / ACCESSWIRE / May 21, 2020 / Point Loma Resources Ltd. (TSXV:PLX) (the 'Corporation' or 'Point Loma') announces that the directors of the Corporation have resigned, the officers have been terminated and the senior secured creditors ('Senior Secured Creditors') have been given consent to appoint a receiver-manager. The board of directors of the Corporation (the 'Board') has been notified by the Senior Secured Creditors that they are making arrangements for the appointment of a licensed receiver-manager to oversee the affairs of the Corporation with a view to completing a restructuring of the Corporation and recommencing operations. The Board has provided the Senior Secured Creditors with consent to such an appointment and agrees that it will not oppose an application made in court to such an appointment.
Point Loma has notified the Alberta Energy Regulator, the Saskatchewan Ministry of Energy and Mines ('the Regulators') and has reviewed with the Regulators its recently taken actions to ensure an orderly and safe shut-down of operations.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Point Loma Resources Ltd.
Get a daily dose of Miami Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Miami Mirror.
More InformationNEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...
KABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...