A judge in British Columbia has granted Northern Pulp creditor protection until the end of 2020 and approved an interim financing agreement that will see the mill receive $15 million from third-party lenders. because that's where Northern Pulp's parent company is based. Supporters of Northern Pulp protest outside Province House on Dec. 19, 2019. (Kassandra Nadeau-Lamarche/Radio-Canada)The third-party financing is being provided by Pacific Harbour North American Resources and Paper Excellence Canada, the mill's parent company. One ask the judge did not approve was pre-filing claims, including for retirees and mill workers that were laid off after Northern Pulp shut down at the end of January.

Source: CBC News August 07, 2020 00:11 UTC