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Yukon Zinc makes offer to creditors owed money by Wolverine Mine – CBC

by ahnationtalk on August 18, 2015409 Views

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.

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