Update on CCAA Process and appointment of CFO
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| Stock | Burgundy Diamond Mines Ltd (BDM.ASX) |
|---|---|
| Release Time | 27 May 2026, 12:43 p.m. |
| Price Sensitive | Yes |
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Burgundy Diamond Mines Updates CCAA Process and Appoints New CFO
Key Points
- Supreme Court extended stay of proceedings for ACDC until July 28
- Interim Debtor-in-possession financing approved
- Brent Mierau appointed as new Chief Financial Officer
Full Summary
Burgundy Diamond Mines Limited (ASX: BDM) announced that the Supreme Court of British Columbia extended the stay of proceedings for Arctic Canadian Diamond Company Ltd (ACDC) until July 28. The Court also approved an interim Debtor-in-possession financing arrangement and a sales and investment solicitation process. Separately, Burgundy appointed Brent Mierau as Chief Financial Officer, effective immediately. Mierau has been with Burgundy since May 2025 and has led the finance function since July 2025. He has a strong background in finance leadership, operational improvement, and complex business integration.
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