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White Forest extended the South Fork asset sale timeline, moving the bid deadline to July 18, 2025 at 4:00 p.m., setting an auction for July 21 at 10:00 a.m., and rescheduling the sale hearing from July 18 to July 22 at 3:00 p.m., according to the South Fork sale deadline notice. The notice concerns the sale of the South Fork assets free and clear of liens, claims, interests, and encumbrances, plus related contract assumption and assignment relief.
This is more than a calendar change because the debtor gave potential bidders more time and inserted an auction date before approval, keeping competitive sale optionality alive. The objection deadline remained July 18 unless separately extended, so sale participants had a compressed window to object, bid, and prepare for a July 22 approval hearing.
The court approved White Forest Resources’ sale of the Raven Crest assets to Eagle Horizon Resources, LLC, authorizing the transfer free and clear of liens, claims, interests and encumbrances, plus assumption and assignment of selected contracts and leases. The Raven Crest sale order also reflects that the stalking-horse bid was selected as the successful bid and the auction was cancelled, moving this coal-asset disposition from marketing process to court-approved transaction.
The order matters because it converts a core operating-asset package into an approved closing path, with closing required within five business days of entry of the sale order under the attached purchase agreement. Consideration is structured as a cash payment amount, final inventory amount and assumption of specified liabilities rather than a single disclosed headline price in the analyzed order text; cure-cost and inventory-adjustment mechanics remain economically relevant to recoveries and post-closing disputes.
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