Santa Fe Gold Corporation (a/k/a Azco Mining, Inc.) Bankruptcy New Filing Alert: Objection To The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On October 12, 2015, an objection to 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 Santa Fe Gold Corporation (a/k/a Azco Mining, Inc.) and its affiliates.

The filing was assigned docket number 109 and is described on the court’s official docket as follows:

Objection to Debtors’ Motion for Entry of: (A) an Order (I) Authorizing Debtors’ Entry Into the Stalking Horse Purchase Agreement for the Sale of the Debtors’ Properties and Related Assets; (II) Approving Bidding Procedures and Expense Reimbursement; (III) Scheduling a Hearing to Consider Approval of the Sale of Assets; (IV) Approving Form and Manner of Notice of the Sale; and (V) Granting Related Relief and (B) an Order (I) Approving the Sale of the Debtors’ Assets Free and Clear of Liens, Claims, Interests, and Encumbrances; (II) Authorizing the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases; and (III) Granting Related Relief (related document(s)[75]) Filed by The Official Committee of Unsecured Creditors (Katona, Shanti)

Santa Fe Gold Corporation (a/k/a Azco Mining, Inc.) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on August 26, 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 15-11761. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Young Conaway Stargatt & Taylor, LLP is acting as lead bankruptcy counsel to Santa Fe Gold Corporation (a/k/a Azco Mining, Inc.) in the bankruptcy case.


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