|
REDCORP ANNOUNCES REDUCTIONS IN CORPORATE MANAGEMENT May 25, 2009 – Vancouver, British Columbia. Redcorp Ventures Ltd. (“Redcorp” or the “Company”) (TSX:RDV) today announced that pursuant to its filing together with Redfern Resources Ltd. (collectively the “Petitioners”) under the Companies’ Creditors Arrangement Act (“CCAA”) on March 4, 2009 (the “Initial Order”), its Chairman of the Board, Mr. Ken Lowe, who was also a director of the Company has resigned and its Chief Financial Officer, Mr. Mike Bardell, has left the employ of the Company. The Company wishes to express its sincere appreciation for the efforts of Messrs. Lowe and Bardell in the advancements made to develop the Tulsequah Project towards commercial production amidst deteriorating financial and metal market conditions as well as their support throughout the CCAA process. Since the Initial Order the Petitioners have worked closely with the Monitor and have, among other things, held regular conference calls between the Petitioners, the Committee of Secured Note Holders and the Monitor, developed and commenced implementation of a plan for putting the Tulsequah Project on a “care and maintenance” basis, initiated proceedings in the United States Bankruptcy Court for recognition of the Initial Order, arranged for a central storage facility to be rented, consolidated its equipment in that facility and developed a plan for the care of the site to minimize environmental issues. Implementation of that plan is subject to the Company’s forthcoming application to the Court for additional relief, currently set for May 27, 2009, failing which it is anticipated that a receiver will be appointed at the request of the Committee of Secured Note Holders. |
|
| aus der Diskussion: | REDCORP VENTURES Silber Gold Zinc Kupfer Blei ..Produktion Ende 2009 |
| Autor (Datum des Eintrages): | Kursbrecher (28.05.09 21:58:56) |
| Beitrag: | 129 von 140 (ID:37277011) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |