Colossus Creditors to Meet in Late February

Colossus Minerals Inc. (TSX:CSI) announced yesterday that it has filed a proposal with its creditors; they will meet to discuss it on February 25, 2014 at 2:00 p.m. EST. The proposal is in connection with Colossus’ restructuring under Canada’s Bankruptcy and Insolvency Act.

As quoted in the press release:

A copy of the Proposal (together with a notice of the meeting of creditors to consider the Proposal), the report of Duff & Phelps Canada Restructuring Inc. (the ‘Proposal Trustee’) on the Proposal and certain related materials were mailed to known creditors of the Company by the Proposal Trustee, on February 7, 2014.

Click here to read the full Colossus Minerals Inc. (TSX:CSI) press release.