{"id":51109,"date":"2022-01-18T08:00:47","date_gmt":"2022-01-18T13:00:47","guid":{"rendered":"https:\/\/wawa-news.com\/?p=51109"},"modified":"2022-01-18T07:50:36","modified_gmt":"2022-01-18T12:50:36","slug":"harte-gold-announces-auction-in-sale-and-investment-solicitation-process","status":"publish","type":"post","link":"https:\/\/wawa-news.com\/index.php\/2022\/01\/18\/harte-gold-announces-auction-in-sale-and-investment-solicitation-process\/","title":{"rendered":"Harte Gold Announces Auction in Sale and Investment Solicitation Process"},"content":{"rendered":"<p>As previously announced on <span class=\"xn-chron\">December 7, 2021<\/span>, Harte Gold was granted creditor protection pursuant to an order granted by the Ontario Superior Court of Justice under the <i>Companies&#8217; Creditors Arrangement Act, <\/i>R.S.C. 1985, c. C-36, as amended\u00a0 Pursuant to the Initial Order, FTI Consulting Canada Inc. was appointed as monitor of the Company.<\/p>\n<p>As announced on <span class=\"xn-chron\">December 20, 2021<\/span>, the Court granted an order authorizing the Company to conduct, with the assistance of the Monitor, a sale and investment solicitation process (SISP) in accordance with certain terms and conditions relating thereto. As part of the SISP Order, the Court approved the Company&#8217;s execution of a subscription agreement with 1000025833 Ontario Inc., a wholly-owned indirect subsidiary of Silver Lake Resources Limited and the use of the Subscription Agreement as a &#8220;stalking horse bid&#8221; in the context of the SISP, in order to establish the baseline consideration for the Company&#8217;s business and assets. The Bid Deadline for the submission of Qualified Bids under the SISP was <span class=\"xn-chron\">5:00 p.m.<\/span> EST on <span class=\"xn-chron\">January 14, 2022<\/span>.<\/p>\n<p>It has been determined that a Qualified Bid, other than the Stalking Horse Bid, was received pursuant to the SISP Procedures and, Harte Gold, in consultation with the Monitor, shall conduct an auction on <span class=\"xn-chron\">January 19, 2022<\/span> to determine the Successful Bid. Following the Auction, Harte Gold will apply to the Court for an order approving the Successful Bid.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As previously announced on December 7, 2021, Harte Gold was granted creditor protection pursuant to an order granted by the Ontario Superior Court of Justice under the Companies&#8217; Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended\u00a0 Pursuant to the Initial Order, FTI Consulting Canada Inc. was appointed as monitor of the Company. As announced &#8230;<\/p>\n","protected":false},"author":3,"featured_media":12644,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-51109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"publishpress_future_action":{"enabled":false,"date":"2026-04-20 17:03:42","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/51109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/comments?post=51109"}],"version-history":[{"count":1,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/51109\/revisions"}],"predecessor-version":[{"id":51110,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/51109\/revisions\/51110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/media\/12644"}],"wp:attachment":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/media?parent=51109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/categories?post=51109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/tags?post=51109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}