Elevation Gold Applies for Initial Order for CCAA Protection
VANCOUVER, BC, July 30, 2024 /PRNewswire/ – Elevation Gold Mining Corporation (TSXV: ELVT) (OTCQB: EVGDF) (the “Company” or “Elevation Gold“) announces that it will today file an application to the Supreme Court of British Columbia (the “Canadian Court”) for an order (the “Initial Order“) granting it protection from its creditors under the provisions of the Companies’ Creditors Arrangement Act (the “CCAA“). The hearing at which the Initial Order will be sought from the Canadian Court is scheduled for August 1, 2024. Upon receipt of the Initial Order, in order to extend the protection granted under that order to the United States, Elevation Gold intends to file a petition under chapter 15 of the US Bankruptcy Code with the US Bankruptcy Court for the District of Arizona.