Bankruptcy ruling delayed

Monday, April 10, 2000 | 11:06 a.m.

Alta Gold Co., the bankrupt Henderson mining operation that has asked a judge to convert its court case to a Chapter 7 liquidation filing, has received a delay on the ruling.

Alta, which operated three gold mines in Nevada and had copper holdings in New Mexico, asked a U.S. Bankruptcy Court judge in Reno to defer ruling on the case so that secured creditors have additional time to complete documents to liquidate the company's assets.

The court deferred ruling on the motion until April 24. At that time, the judge is expected to rule on a request to modify the case from a Chapter 11 reorganization as well as consider the definitive agreement.

Alta also filed a motion to have John Bielun, the company's chief financial officer and the most senior remaining employee, to be designated as the person responsible for meeting its duties.

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