The DIP financing agreement includes strict milestones, requiring a sale order for Raven Crest Mine within 75 days of the bankruptcy filing.
Advisers and Legal Representation
White Forest Resources has enlisted RK Consultants as its restructuring adviser. The company is legally represented by Alan M. Root and William E. Chipman Jr. of Chipman Brown Cicero & Cole LLP.
As White Forest Resources moves forward with its Chapter 11 proceedings, the company aims to stabilize its operations and emerge from bankruptcy with a more sustainable financial structure.
