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Midway Gold Extension Sought

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According to the U.S. Bankruptcy Court docket, Midway Gold filed a motion to further extend by three months the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including January 18, 2016 and March 21, 2016, respectively.

The motion explains, “These Exclusivity Periods are an essential feature of the powers and advantages given to a debtor to facilitate its reorganization efforts….Although the Debtors believe that they will be able to make additional progress with their restructuring efforts if the extension is granted, it is possible that further extensions may be necessary or appropriate. Accordingly, the Debtors respectfully reserve the right to seek additional extensions of the Exclusivity Periods in their discretion.”

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