Allied Nevada’s disclosure statement hearing pushed back to June 16

By Kali Hays

New York, June 4 – Allied Nevada Gold Corp.’s hearing to approve the disclosure statement related to its proposed Chapter 11 plan of reorganization is adjourned to June 16 from June 8, according to a Thursday notice with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, the company filed the plan and disclosure statement, which contemplates a financial and operational restructuring, on April 24.

Allied’s official committee of equity security holders objected to the disclosure statement on June 2, claiming that the company’s going-concern valuation is billions of dollars below what it should be.

Allied Nevada is a Reno, Nev., gold and silver miner that filed for bankruptcy on March 10. Its Chapter 11 case number is 15-10503.

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