A Saskatoon based mortgage lender has announced that its Board has approved a liquidation plan with KPMG as its liquidator. PrimeWest Mortgage Investment Corporation offers residential and commercial mortgages in the province for those who don’t quality with banks or other traditional lending institutions.

A news release from PrimeWest says the liquidation plan calls for the voluntary liquidation and dissolution of the Corporation. It will be presented to shareholders at its annual and special meeting on September 24th. PrimeWest was incorporated as a Mortgage Investment Corporation in 2005.