Mining company Allied Nevada Gold Corp. won court approval to sell dormant exploration properties for $17.5 million, Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Mary Walrath approved the sale at a hearing on Thursday. Buyer Clover Nevada LLC is listed in the sale documents as connected to Waterton Global Resources Management Inc. Included in the all-cash sale approved are 75 nonoperational properties that Allied Nevada has been trying to sell since 2012.
