GOLD: Banks Island files for bankruptcy

VANCOUVER – Banks Island Gold has filed for bankruptcy protection because it can no longer meet its obligations as they become due. D. Manning & Associations will act as trustee. Benjamin W. Mossman will remain president, CEO and the sole director of the company. The rest of the board has resigned. Banks Island put its Yellow Giant project 120 km south of Prince Rupert on care and maintenance July 31, 2015. Commercial production was declared at the mine in January 2015, More information about the Yellow Giant project is posted at BanksIslandGold.com.