Laserfiche WebLink
• • ~3 <br />IN THE UNITED STATES BANKRUPTCY COURT <br />FOR THE DISTRICT OF COLORADO <br />In re: <br />CSI ENTERPRLSES, INC., <br />ENERGY FUELS, LTD.., <br />OREN LEE BENTON, <br />ENERGY FUELS EXPLtRATION COMPANY, <br />NUEXCO TRADING CORPORATION, <br />ENERGY FUELS MINIriG JOINT VENTURE, <br />Debtors. <br /> Case No. 95-11642-CEM <br /> Case No. 95-11645-CEM <br /> Case No. 95-11648-CEM <br /> Case No. 95-11649-CEM <br /> Case No. 95-11651-CEM <br /> Case No. 96-19882-CEM <br /> <br /> (Jointly-Administered <br /> Under Case No. <br /> 95-11642-CEM) <br />MOTION TO APPROVE THE ALLOCATION OF THE INTERNATIONAL URANIUM <br />HOLDINGS CORPORA-TION'S PURCHASE PRICE PROCEEDS AMONG ENERGY <br />FUELS, LTD., ENERGY FUELS EXPLORATION COMPANY AND ENERGY FUELS <br />NUCLEAR, INC. <br />The Offiaal Joint Creditors Committee of CSI Enterprises, Inc. and the Jointly Administered <br />Debtors (the "Conunittee"), through its attorneys, LeBoeu>; Lamb, Greene & MacRae, L.L.P., and <br />Energy Fuels, Ltd. ("EFL") and Energy Fuds Exploration Compaq ("EFEX" and collectively the <br />"Estates"), through their attorneys, Holden & Jessop, P.C., joimly move the Court for an order <br />approving the allocation of the purchase price proceeds received from Irrternational Uranium <br />Holdings Corporation ("IIJHC") in connection with the sale of substantially all of the assets of EFL, <br />EFEX and Energy Fuds Nuclear, Inc. ("EFN' and collectively "Energy Fuels"). In support of this <br />motion, the Committee and Energy Fuels state as follows: <br />1. EFL, EFEX, along with Oren Lee Benton, CSI Enterprises, Inc., and Nuexco Trading <br />Corporation, filed a voluntary petition under Chapter 1 l of the Bankruptcy Code on February 23, <br />1995. EFL and EFEX have cAntinued in operation and possession of their businesses as debtors-in- <br />possession pursuant to Sections 1107(a) and 1108 of the Bankruptcy Code. <br />2. On October 22, 1996, EFL, EFEX, Energy Fuels Mining Ioint Venture ("EFMIV") <br />and the Committee filed a joint motion of Energy Fuels and Creditors' Conunittee for order <br />authorizing sale of substantially all assets of Energy Fuels, Ltd., Energy Fuels Exploration Company, <br />and Energy Fuels Muung :foint Venture, authorizing assumption and assignment of executory <br />contracts, and authorizing settlement of certain claims (the "Sale Motion"). The Sale Motion <br />proposed a sale of substantially all of the assets of Energy Fuels pursuant to an Asset Purchase <br />