By Paul Delean
Faced with tax claims of more than $300 million from Revenu Quebec, embattled Montreal-based gold trader Kitco Metals Inc. now is officially in creditor protection, until July 27.
Superior Court Judge Mark Schrager this week granted the application by the company and its monitor, RSM Richter.
It’s now spared from any legal proceeding until it submits an offer to creditors, the largest of which is Revenu Quebec, which has outstanding assessments against it of $227 million and $85 million.