BYG heads into receivership

Low gold prices have proved too much for B.Y.G. Natural Resources (BYG-T), which has gone into receivership and been suspended from trading on the Toronto and Alberta stock exchanges.

B.Y.G. says the receiver, to be announced, would be selling the company’s interest in Trumpeter Yukon Gold (TYG-A) and would be proposing payment terms to the company’s creditors.

The company is applying to have its shares quoted on the Canadian Dealing Network.