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BRIEF-High North Resources says will not oppose the appointment of a receiver

Published 2016-01-27, 04:46 p/m
© Reuters.  BRIEF-High North Resources says will not oppose the appointment of a receiver
HNh
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Jan 27 (Reuters) - High North Resources Ltd HN.V :
* Announces that it will not oppose the appointment of a receiver
* Principal secured lender, atb financial served it with demands for the
repayment of all indebtedness owed to it by High North
* Says directors and management of the company intend to resign immediately
upon the appointment of the receiver
* Principal secured lender served s. 244 notices of intention to enforce
security pursuant to the bankruptcy and insolvency act
* Atb financial is applying to place the company into receivership and High
North will be consenting to this application

* Source text for Eikon
* Further company coverage HN.V

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