U.S. Bankruptcy Court in Nevada entered an order i
Post# of 4018
Posted On: 02/20/2016 8:19:50 AM
U.S. Bankruptcy Court in Nevada entered an order in June dismissing Sierra Resource Group's Chapter 11 bankruptcy, thereby taking all pending hearings off the calendar.
The dismissal does not, however, affect the status of any adversary proceedings or any motions that are pending in such adversary proceedings, U.S. Bankruptcy Court Judge August Landis wrote in his decision.
Some investors have forwarded emails from the chief executive office and chief financial officer of Sierra Resource, linking a communication connection to Jorge Cedena of Orotecno. Apparently there was miscommunication about who was in charge of Sierra Resource, and Cedena wasn't in touch with the right people, Brown said.
Some speculate that Sierra Resource owns only a 20 percent share of the Chloride mine, with the remaining interest owned by a company called Sunburst Minerals, a subsidiary of Grand View Ventures LLC, which was at one time a lender to Sierra, Brown said.
Documents from the Mohave County Recorder's Office show a trustees deed recorded on July 6 with Sunburst Minerals as the grantee, listing Michael Urman, Sierra Resource Group and a number of other companies as grantor.
The dismissal does not, however, affect the status of any adversary proceedings or any motions that are pending in such adversary proceedings, U.S. Bankruptcy Court Judge August Landis wrote in his decision.
Some investors have forwarded emails from the chief executive office and chief financial officer of Sierra Resource, linking a communication connection to Jorge Cedena of Orotecno. Apparently there was miscommunication about who was in charge of Sierra Resource, and Cedena wasn't in touch with the right people, Brown said.
Some speculate that Sierra Resource owns only a 20 percent share of the Chloride mine, with the remaining interest owned by a company called Sunburst Minerals, a subsidiary of Grand View Ventures LLC, which was at one time a lender to Sierra, Brown said.
Documents from the Mohave County Recorder's Office show a trustees deed recorded on July 6 with Sunburst Minerals as the grantee, listing Michael Urman, Sierra Resource Group and a number of other companies as grantor.
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