Saturday, August 25, 2007

National Bank Ironstone Trust Fails to Pay ABPC to the Sun-Times

We shall soon see what happens when a newspaper does not get its money back. Sun-Times reports that the National Bank's of Canada's Ironstone Trust failed to honour $25M that were due August 21 plus $3M yesterday. Coventree's Capital Planer also failed to pay back $3M.

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