Midway Gold committee receives court approval to hire Cooley LLP

By Mark Reccek

Bethlehem, Pa., Aug. 14 – Midway Gold Corp.'s official committee of unsecured creditors received authorization to hire Cooley LLP as its legal counsel retroactive to July 2, according to an order issued Friday with the U.S. Bankruptcy Court of the District of Colorado.

Cooley will advise the committee on its general powers, attend meetings with and on behalf of the committee, review financial records of Midway, assist in the formulation of any plan, financing and/or sale transaction, and appear in court as necessary.

Cooley attorneys will be paid an hourly rate ranging between $470 and $785 and seek expense reimbursement directly from the court.

Midway Gold, based in Vancouver, B.C., 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 under Chapter 11 case number 15-16835.

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