Elevation Gold Obtains Initial Order for CCAA Protection
VANCOUVER, BC, Aug. 1, 2024 /PRNewswire/ – Elevation Gold Mining Corporation (TSXV: ELVT) (OTCQB: EVGDF) (the “Company” or “Elevation Gold“) announces that further to its press release dated July 30 , 2024, it has obtained an order (the “Initial Order“) of the Supreme Court of British Columbia (the “Canadian Court“) granting it creditor protection under the Companies’ Creditors Arrangement Act (the “CCAA“). There will be a Comeback Hearing scheduled for August 12, 2024. Under the Initial Order, KSV Restructuring Inc. (the “Monitor“) was appointed as the monitor of the Company. In order to obtain similar protection in the United States, a petition under chapter 15 of the US Bankruptcy Code will be filed with the US Bankruptcy Court for the District of Arizona.