Scotiabank sues Cliff Natural Resources

Scotiabank sues Cliff Natural Resources

Scotiabank sues Cliff Natural Resources Cliff Natural Resources is being sued by the Bank of Nova Scotia over an alleged breach of a loan agreement. The Globe and Mail reports that the lawsuit relates to bankruptcy protection for the US firm’s Quebec mining operation at Bloom Lake which the bank claims amounts to a default which triggers accelerated payments. It is seeking U$52.6 million.