Yukon Zinc makes offer to creditors owed money by Wolverine Mine – CBC
Aug 17, 2015
Under plan, $4.5 million would be shared between creditors owed a total of $29 million
Yukon Zinc has made an offer to creditors owed money from its shut down Wolverine Mine that would see $4.5 million shared between creditors owed a total of $29 million.
The zinc-silver-copper-lead-gold mine, located between Watson Lake and Ross River, shut down operations in January. Yukon Zinc was granted protection from its creditors in March.
Most of its more than $600 million debt is owed to its parent company, JinDui Cheng Canada Resources Corporation, and is not part of the settlement plan.
