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Sutter Gold Mining (TSXV:SGM) has been informed its principal lender and shareholder, RMB Australia Holdings has engaged Primary Capital to assist in the potential sale of its debt and equity interests in Sutter. As quoted in the press release: RMBAH owns approximately 47% of the Company’s shares and as of December 31, 2015 has debt …
Sutter Gold Mining (TSXV:SGM) has been informed its principal lender and shareholder, RMB Australia Holdings has engaged Primary Capital to assist in the potential sale of its debt and equity interests in Sutter.
As quoted in the press release:
RMBAH owns approximately 47% of the Company’s shares and as of December 31, 2015 has debt totaling approximately $46.5M, secured by the Company’s assets. The Company has not been involved in any discussions to date, but is facilitating Primary Capital’s engagement by providing access to information under confidentiality to approved, interested parties. Sutter will provide additional disclosure as required. There can be no assurances that any transaction will result from these matters and the Company will apprise shareholders of any developments.
Click here for the full press release.