Veris Gold Corp
Pursuant to an Order of the Court made June 9, 2014 (the "Initial Order"), Veris Gold Corp. and certain of its subsidiaries (the "CCAA Companies") were granted protection from their creditors pursuant to the Companies' Creditors Arrangement Act.
The Initial Order appointed Ernst & Young Inc. as Monitor of the CCAA Companies (collectively the “Veris Gold Group”).
VERIS GOLD CORP.
QUEENSTAKE RESOURCES LTD.,
KETZA RIVER HOLDINGS LTD., and
VERIS GOLD U.S.A., INC.
Immediately after the commencement of the CCAA proceedings, the Veris Gold Group sought an order (the “Temporary Restraining Order”) from the United States Bankruptcy Court in the State of Nevada which recognizes the CCAA proceedings pursuant to Chapter 15 of the United States Bankruptcy Code (the “Chapter 15 Proceeding”). The temporary restraining order is in effect pending a full hearing of an application for recognition of the CCAA proceedings pursuant to Chapter 15 of the US Bankruptcy Code. As a result, United States creditors are restrained from taking action against the Company and the other CCAA Petitioners, including Veris Gold USA, Inc.
to view the public documents in connection with the CCAA proceedings in Canada and the Chapter 15 Proceeding in the United States.
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