Rodeo Creek Gold Inc. and three affiliates, part of an international mining company engaged in the exploration, development and operation of high-quality gold properties, sought bankruptcy protection to facilitate a sale of certain assets, Bloomberg News reported yesterday. The company listed assets of $50 million to $100 million and debt of $100 million to $500 million in chapter 11 documents filed yesterday. Affiliates Antler Peak Gold Inc., Hollister Venture Corp. and Touchstone Resources Co. also sought protection. The filing became necessary after the companies failed to secure financing outside of bankruptcy to fund operations through the conclusion of a sale process, Chief Executive Officer Raymond Dombrowski Jr. said in court papers.
