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BRIEF-Atna Resources files for relief under Chapter 11 of bankruptcy code

Published 2015-11-19, 07:42 a/m
© Reuters.  BRIEF-Atna Resources files for relief under Chapter 11 of bankruptcy code
ATN
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Nov 19 (Reuters) - Atna Resources Ltd ATN.TO :
* Announces filing of voluntary petition for relief under chapter 11 of the
bankruptcy code to implement restructuring and delay in Q3 filings
* Says intends to restructure its business by attempting to sell assets
* Says Atna continues to be engaged in a process to explore various
restructuring alternatives
* Says Atna will continue to operate its business as a "debtor in possession"
under the jurisdiction of the bankruptcy court
* Says company expects that, its third-quarter filing will be completed by
November 19, 2015
* Low gold prices in 2015, the continued indifference in the market for gold
company equities negatively impacted outlook
* Simultaneously with chapter 11 filings, Atna will seek ancillary relief in
Canada pursuant to the companies' creditors arrangement act
* Has delayed Q3 filing to ensure that it will include complete disclosure of
the bankruptcy court proceedings and related events

* Source text for Eikon ID:nCNWkYC4La
* Further company coverage ATN.TO

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