[posting]36703032[/posting]alles insider
nun gut, es gibt was neues, die frage ist was jetzt wieder mit:
"Redfern was unable to obtain all of its required permits for barge operations by March 1, 2009" gemeint ist, hat es wegen 2 tagen keine finanzierung gegeben? welche permits sind offen?
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2009) - Redcorp Ventures Ltd. ("Redcorp") (TSX:RDV) announces that after consideration of all available alternatives, Redcorp's Board of Directors has determined that it is in the best interests of all of its stakeholders for it and its wholly-owned subsidiary, Redfern Resources Ltd. ("Redfern "), to seek court protection from creditors under the Companies' Creditors Arrangement Act (Canada) ("CCAA"). Redcorp and Redfern (or the "Companies") sought and were granted such protection by order of the Supreme Court of British Columbia (the "Court") today, March 4, 2009. The Court has granted CCAA protection for an initial period of 30 days, expiring on April 3, 2009. Accordingly, Redcorp and Redfern will seek other ancillary relief to protect their assets in other jurisdictions. While under CCAA protection, creditors and others are stayed from enforcing any rights against Redcorp and Redfern and the Companies can attempt to restructure their affairs. The implications for Redcorp and Redfern's creditors and other stakeholders will not be known until the terms of the restructuring plan have been determined and the restructuring process is complete.
The Companies determined to seek protection under the CCAA because their current financial situation does not permit either company to meet its current and future obligations to holders of Redcorp's senior secured notes, to HSBC Bank Canada in respect of repayment of an $85 million loan facility, and to outstanding commitments to contractors, suppliers and vendors. The Companies have identified a shortfall in available funding to complete the Tulsequah Mine project principally due to an increase in capital expenditures resulting from, amongst other reasons, significant and costly delays in obtaining all necessary permits from regulatory authorities. The cost increase was previously announced on February 17, 2009. In addition to the capital cost increase, Redfern was unable to obtain all of its required permits for barge operations by March 1, 2009, such permits being the milestones toward achieving financing under certain of its existing financing arrangements as announced on October 15, 2008. Redcorp intends to continue its day to day operations during the CCAA restructuring process including identifying and securing the funds necessary to complete the mine build.