Allied Nevada Gold Corp. Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On June 14, 2015, a motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Allied Nevada Gold Corp. and its affiliates.

The filing was assigned docket number 572 and is described on the court’s official docket as follows:

Motion for Leave // Debtors Motion pursuant to Del. Bankr. L.R. 9006-1(d) for Leave to File Debtors Reply in Support of Debtors Motion for Orders (I)(A) Authorizing Selling Debtors Entry into the Stalking Horse Purchase Agreement for the Sale of the Selling Debtors Exploration Properties and Related Assets, (B) Approving Bidding Procedures and Bid Protections, (C) Scheduling a Hearing to Consider Approval of the Sale of Assets, (D) Approving Form and Manner of Notice of Sale, and (E) Granting Related Relief; and (II)(A) Authorizing and Approving Sale of the Selling Debtors Assets Free and Clear of Liens, Claims, Interests, and Encumbrances, (B) Authorizing the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases, and (C) Granting Related Relief (related document(s)[133], [249], [423], [554]) Filed by Allied Nevada Gold Corp.. (Attachments: # (1) Exhibit 1 (Reply) # (2) Exhibit 2 (Proposed Order)) (Tarr, Stanley)

Allied Nevada Gold Corp. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 10, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 15-10503. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Akin, Gump, Strauss, Hauer & Feld LLP is acting as lead bankruptcy counsel to Allied Nevada Gold Corp. in the bankruptcy case.


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