We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Bankrupt Miner Lands $17.5M Bid For Exploration Interests

Law360, Wilmington (April 1, 2015, 9:30 PM EDT) -- Troubled mining outfit Allied Nevada Gold Corp. on Tuesday lined up a $17.5 million stalking horse bidder for a portfolio of exploration properties and asked a Delaware bankruptcy judge to bless procedures for the proposed sale.

The Reno-based debtor is seeking approval to hold a June auction for the group of 75 exploration properties, with stalking horse Clover Nevada LLC setting the bid floor at $17.5 million.

Allied Nevada, which does not conduct operations on any of the 75 properties, has been trying to monetize those...
To view the full article, register now.




Case Information

Case Title

Allied Nevada Gold Corp.

Case Number




Nature of Suit

Date Filed

March 10, 2015

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.