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Assets of Coal Mining Company

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Assets of Coal Mining Company



Price: $8,480,000.00


Other Item Info
Item #: pawbke_343415
Created: 04/23/2022
Category: Business Property > All Assets or Going Concerns > Mining
Sale Date: Thu. May 12, 2022
Seller Info
Crystal H. Thornton-Illar
Trustee's Attorney
525 William Penn Place, 28th Floor
Pittsburgh, PA 15219
412-261-1600
Bankruptcy Info
Case #: 2:16-bk-24727
Case Title: Derry Coal Company, LLC
Court: Pennsylvania Western Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of substantially all of assets of C&D Coal Company, LLC and Derry Coal Company, LLC (collectively, “Sellers”), including but not limited to the following:

(1) all cash, cash equivalents, and short term investments of the sellers as of closing date, including the funds remaining from the PPMT Deposit and the Low Vol Deposit and any rights or claims thereto; (2) all rights, claims, causes of action and other interests of the sellers and Kingston relating to the PPMT Purchase Agreement and/or the Low Vol Purchase Agreement; (3) the limited liability company charter, seals, minute books, membership interest registers, and transfer books of the Debtors; (4) any legal or beneficial interests in the membership interest capital of the sellers; (5) any tax losses and/or tax loss carry forwards of the sellers and rights to receive refunds, credits, and carry forwards with respect to any taxes of the sellers; (6) any contract that is not assigned to Unity, including insurance policies and any refundable premiums relating to such policies; (7) any employment or independent contractor agreements; (8) any collective bargaining agreement; (9) any actions arising under Chapter 5 of the Bankruptcy Code; (10) any money, cash, or cash equivalents to be returned to the bankruptcy estates pursuant to the bond that was forfeited by the DEP; (11) any assets of Kingston other than the Kingston Leases; and (12) any assets of the Yealy Trust other than the Trust Coal.

Assets are more particularly described on the attached PDF.


Additional Details

Sale Hearing Time: 2:00 p.m.

Last date to respond: May 11, 2022



Other Information

Terms and Conditions:

See Attached.


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