Bloomberg reported that Rodeo Creek Gold and its affiliates have filed for bankruptcy protection.
As quoted in the market report:
The filing became necessary after the companies failed to secure financing, outside of bankruptcy, to fund operations through the conclusion of a sale process, Chief Executive Officer Raymond Dombrowski Jr. said in court papers.
|Otis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.|