"Calais has a note that was fully due and payable on December 1, 2011 to Brigus Gold Corp. (“Brigus”), in the amount of approximately US$10.5 million, including principal and accrued interest, which loan is secured by the Company’s Colorado assets."
DENVER--(BUSINESS WIRE)-- Calais Resources, Inc. (“Calais” or the “Company”) (Pink Sheets: CAAUF), a development stage mineral exploration company, would like to take this opportunity to update our shareholders and the market on recent developments for the Company.
Calais has a note that was fully due and payable on December 1, 2011 to Brigus Gold Corp. (“Brigus”), in the amount of approximately US$10.5 million, including principal and accrued interest, which loan is secured by the Company’s Colorado assets. Calais is in preliminary discussions with Brigus and others to negotiate the payment of this note, however, the Company cannot guarantee that a satisfactory agreement will be reached between Calais and Brigus or any other parties. Calais will update the shareholders and investors from time to time on the status of the note. |
