Head of Sun Rivers says golf course sale still on track
KAMLOOPS — Rick Siemens, CEO of Sun Rivers Ltd. Partnership, says he wants to set the record straight when it comes to a court case involving one of its companies and the future of its golf course and restaurant.
This after Siemens made a court appearance in Kamloops this week.
“Well, the court case was to do with one of our companies, Sun Rivers Construction, only. And obviously in court I was under oath disclosing the financial situation with the company which right now is not good,” he told CFJC Today. “The company has got more debts than assets right now and we are trying to work through that issue and come up with an arrangement with our creditors and settle all the debts that we have.”
Siemens confirms Sun Rivers Construction owes over $1 million to trades workers, $650,000 of which is subject to ongoing court actions. He made the clarification after a story surfaced in Kamloops This Week this week, claiming Sun Rivers’ bank account was frozen at the time.