November 5, 2019
Kitnuma Petroleum and Kitnuma Projects, two related companies based in Cambridge Bay, Nunavut, filed for bankruptcy on November 5, listing liabilities of $5.5 million and $2.7 million, respectively. Subsidiaries of a 100% Inuit-owned group, the companies provided fuel to residents of Cambridge Bay as well as general contracting and project management services across the Arctic. Deloitte is the bankruptcy trustee.
