I'm not up on mining finance, but how does a company get saddled with so much debt? It's clear that the various investors are insulated from the consequences of Baffinland's protection filing, but creditors, including Northerners, are not. And if it goes under?
nunatsiaq.com/stories/arti...
nunatsiaq.com
Baffinland’s debt amounts to more than double what it originally reported in May, with $27 million of that owed to a dozen northern and Inuit businesses and organizations. The Oakville, Ont.
