Banks Island files for bankruptcy

Banks Island Gold Ltd. Jan. 8 reported that its directors have determined the company needs to file for bankruptcy.

D. Manning & Associates Inc. will act as trustee in bankruptcy.

Fred Sveinson, Jason Nickel, and John Anderson have since resigned from the Banks Island Gold board of directors.

President and CEO Benjamin Mossman is currently the sole director of the company.

Since 2010, Banks Island...