Dominion Diamond Mines could pursue a form of federal bailout after the sale of its Ekati mine collapsed this month.
Brendan Bell, a director of the company, said Dominion had spoken with a Crown corporation among others as it tried to avoid liquidation, which Bell said was now a real possibility.
Bell made the comments in a court affidavit as Dominion seeks to extend its creditor protection until at least December 15.
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Creditor protection allows a financially troubled company to pause repayment of many debts and other obligations while it restructures or seeks a buyer.
Dominion has spent most of the year in creditor protection. With the demise of an earlier deal to sell Ekati to another subsidiary of its parent compan…
Read the full article at: https://cabinradio.ca/48182/news/economy/dominion-explores-federal-help-with-liquidation-a-real-possibility/
