Veris Gold deadline passes without bid; CCAA stay extended to March 31

By Caroline Salls

Pittsburgh, Feb. 24 – Veris Gold Corp. said its sales process bid deadline expired on Jan. 30 with no qualified bids received, but the company will consider any subsequent bids that may advanced toward a potential offer, according to a news release.

In addition, Veris’ Companies’ Creditors Arrangement Act stay of proceedings was extended through March 31 from Feb. 23 by the Supreme Court of British Columbia.

Veris is a Vancouver, B.C.-based gold production company. Its Chapter 15 case number in the U.S. Bankruptcy Court for the District of Nevada is 14-51015.

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