CALGARY, Alberta, May 01, 2026 (GLOBE NEWSWIRE) — Burgundy Diamond Mines Limited (ASX:BDM) (Burgundy or the Company) advises that its subsidiary, Arctic Canadian Diamond Company Ltd. (“ACDC”) has filed for insolvency protection under the Companies’ Creditors Arrangement Act (“CCAA”). Incorporated in British Columbia, ACDC has obtained an order from the Supreme Court of British Colombia (the “Court”), granting ACDC protection under the CCAA. ACDC owns and operates the Ekati Diamond Mine. The protection order also extends to Burgundy by way of a non-applicant stay party order.
Burgundy intends to use the CCAA process to engage in discussions with its lenders, creditors and other stakeholders, to solicit and evaluate strategic…