Information for investors of the Cass Bay Spur Project.
The New Zealand based Liquidators have advised that the Cass Bay property has been sold at auction by the secured creditor. Based on the sales price achieved and information currently available, insufficient funds have been realised on the sale of the property to repay the debt owed to the secured creditor. Therefore, there is not expected to be any funds available for distribution to Investors.
Further information will be provided when it is possible to do so.