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The latest announcement is out from Gold Mountain Mining Corp. ( (TSE:GMTN) ).
Gold Mountain Mining Corp. and its subsidiaries have received demand for payment letters from their creditor, Nhwelmen Construction GP Ltd., totaling approximately $11.16 million. Due to the inability to pay, the company has consented to the appointment of a receiver, and Nhwelmen plans to file for receivership with the British Columbia Supreme Court. The company’s shares have been halted from trading on the TSX, and the receiver will manage the company’s affairs during this period.
More about Gold Mountain Mining Corp.
Gold Mountain Mining Corp. is a British Columbia-based company focused on the production, exploration, and development of gold and silver, primarily through its Elk Gold Mine located near Merritt in South Central British Columbia.
Average Trading Volume: 1,467,665
Technical Sentiment Signal: Sell
Current Market Cap: C$4.01M
For a thorough assessment of GMTN stock, go to TipRanks’ Stock Analysis page.