Kinterra Buys Pumpkin Hollow
Under the bidding procedures approved by the U.S. Bankruptcy Court, the deadline to submit other binding offers expired on September 6, 2024. Despite multiple bidders conducting active due diligence prior to the expiration of the deadline, Nevada Copper said the sale process did not result in an alternative qualified bid.
As a result, after careful deliberation, the company said its board of directors designated Southwest as the successful bidder in the sale process and the company intends to consummate the transaction. Moelis & Co. LLC was retained by the company to assist with the sale process.