Trilon moves to pull plug on Royal Oak

Article Abstract:

Trilon Financial Corp of Toronto, Canada, asked a court to put Kirkland, WA-based Royal Oak Mines Inc into a receivership under Deloitte & Touche Inc, asserting that the latter is not capable of restructuring its C$185-mil debt with Trilon. Citing debt of over C$600 mil, Royal Oak filed on Feb 15, 1999, for court protection. According to Royal Oak Pres and CEO Margaret Witte, the company's assets would be reduced and it would dismiss workers once it is placed under a receivership.

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Royal Oak workers plead for 'mercy'

Article Abstract:

Toronto, Ont.-based Trilon Financial Corp. has been asked by former workers at the bankrupt Kirkland, Wash.-based Royal Oak Mines Inc. to provide funding for their pension fund. The workers want Trilon to donate between $1.6 million and $2.2 million.

Labor force information, Financial management, Organizational history, Insurance industry

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Shareholders assail Cambior officials

Article Abstract:

Montreal, Que.-based Cambior Inc., which is led by chief executive officer Lous Gignac, was confronted by angry shareholders at its recent annual meeting. Cambior, which has seen its stock price plummet, is a gold producer.

Sales, profits & dividends, Cambior Inc.

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