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

On June 15, 2015, an order regarding the 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 576 and is described on the court’s official docket as follows:

Order Granting Motion to Shorten Notice Period With Respect to Motion to File Under Seal Objection of the Official Committee of Equity Security Holders to Debtors’ Motion For Sale of Property Free and Clear of Liens Under Section 363(F) 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 the Sale of the Selling Debtors’ Assets Free and Clear of Liens, Claims, Interest and Encumbrances, (B) Authorizing the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases, and (C) Granting Related Relief (Related Doc # [558]). Order Signed on 6/15/2015. (NAL)

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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