Brief: Sprott Resource Holdings Says MTV Files For Creditor Protection In Chile
13/05/2020 02:32
May 12 (Reuters) - Sprott Resource Holdings Inc SRHI.TO :
* SPROTT RESOURCE HOLDINGS INC. ANNOUNCES MTV FILES FOR
CREDITOR
PROTECTION IN CHILE
* SPROTT RESOURCE - 70% CHILEAN COPPER MINING SUBSIDIARY,
HAS
COMMENCED REORGANIZATION PROCEEDINGS BY FILING A JUDICIAL
RESTRUCTURING PROCEDURE
* SPROTT RESOURCE HOLDINGS - CO & MTV DETERMINED IT WAS IN
BEST
INTERESTS OF MTV, ALL OF ITS STAKEHOLDERS TO FILE FOR CREDITOR
PROTECTION UNDER JRP
* SPROTT RESOURCE -MTV EXPECTS THAT UPON SUCCESSFUL
NEGOTIATION
WITH CREDITORS, ADDITIONAL CAPITAL WILL BE COMMITTED BY CO AND
MTV'S SENIOR LENDERS
* SPROTT RESOURCE-MINERA TRES VALLES SPA, CO'S 70% CHILEAN
COPPER
MINING SUBSIDIARY, HAS COMMENCED REORGANIZATION PROCEEDINGS
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