San Gold Corporation (TSXV:SGR) is reportedly seeking sale of stakes. San Gold Corp. did not receive any third party final bids by the deadline for the San Gold Corporation's previously announced sale and investor solicitation process pursuant to the Bankruptcy and Insolvency Act (Canada).

As a result, it is expected that the San Gold Corporation's secured lenders will seek court approval for a transaction by which the assets of the San Gold Corporation will be acquired by a nominee of the San Gold Corporation's principal secured lenders in exchange.