Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Midway Gold US Inc. > News item |
Midway Gold wins exclusivity extension to formulate liquidating plan
By Caroline Salls
Pittsburgh, July 7 – Midway Gold US Inc. received a fourth extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Colorado.
The company’s exclusive filing period was extended through Aug. 15 from June 16 and the solicitation period through Oct. 15 from Aug. 16.
Midway said it has made significant progress since the last extension was granted, including completing a sale process and closing the sale transaction.
Now that the sale has closed, the company said it is focusing its efforts on formulating and drafting a disclosure statement and a liquidating plan.
“The debtors need additional time to complete this project and have determined that a further extension of the exclusivity periods is warranted,” the motion said.
Based in Vancouver, B.C., Midway Gold is a development-stage company that acquires, explores and develops gold and silver mineral properties in North America. The company filed for bankruptcy on June 22, 2015 under Chapter 11 case number 15-16835.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.