It s just the latest revelation of how much more the construction of the light rail project could potentially cost the city than the original $2.1-billion price tag.
Last week, the city filed a $361-million suit against its own insurance companies in relation to the Rideau Street sinkhole in June 2016. That lawsuit includes the exact costs that the city is claiming in its suit against RTG and also revealed that RTG has a $230-million claim against the city. These kinds of suits and counter-suits unfortunately whether you like it or not are par for the course, Mayor Jim Watson told reporters Tuesday. You get into multi-billion-dollar contracts and you re going to have disputes between contractors, subcontractors, the customer, ourselves and our taxpayers.
Laurentian created manufactured crisis to cut ties with 3 schools for $10M loan, lawyer argues
Laurentian University s attempts to cut ties with three federated schools, on the road to getting a $10-million loan to help it continue with restructuring for survival, was met with heated opposition and accusations in Ontario Superior Court on Thursday.
Social Sharing
CBC News ·
Posted: Apr 29, 2021 9:18 PM ET | Last Updated: April 30
Laurentian University has been going though unprecedented restructuring in the wake of declaring financial insolvency on Feb. 1. The Sudbury school is currently under creditor protection, and was in Ontario Superior Court on Thursday seeking approval to move forward with its financial plan.(Yvon Theriault/Radio-Canada)
Crown seeks eight-to-12-year sentence in Brayden Bushby manslaughter case Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
DAVID JACKSON/The Canadian Press
Thunder Bay’s Crown attorney Trevor Jukes is seeking an eight-to-12-year sentence for Brayden Bushby, who was convicted of manslaughter after throwing a trailer hitch at Barbara Kentner, and says his actions were motivated by bias against women, not Indigenous people.
However, victim and community impact statements delivered in Ontario Superior Court on Wednesday said Indigenous communities and groups in Thunder Bay, as well as across the country, feel the attack was fuelled by racism in a city where First Nations people have had items thrown at them for decades.
Endeavour Announces Receipt of Final Approvals for Teranga Transaction
ENDEAVOUR ANNOUNCES RECEIPT OF FINAL APPROVALS FOR TERANGA TRANSACTION
George Town, February 3, 2021 – Endeavour Mining ( Endeavour ) (TSX: EDV) (OTCQX: EDVMF) is pleased to announce that it has received all of the regulatory approvals required for its acquisition of Teranga Gold Corporation (“Teranga”) (TSX:TGZ; OTCQX:TGCDF), as announced on November 16, 2020. As such, Endeavour expects to close the acquisition on or around February 8, 2021.
Endeavour received written confirmation from the Minister of Innovation, Science and Industry stating that the acquisition has been approved under the Investment Canada Act, thereby satisfying the applicable condition in the Arrangement Agreement (the “Arrangement”). In addition, Teranga received the final order from the Ontario Superior Court on January 29, 2021, approving the plan of arrangement.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains statements which constitute forward-looking information within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Endeavour with respect to future business activities and operating performance. Forward-looking information is often identified by the words may , would , could , should , will , intend , plan , anticipate , believe , estimate , expect or similar expressions and includes information regarding the delisting of the common shares of Teranga and the application of Teranga to cease to be a reporting issuer.
Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Endeavour management s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at