Gryphon Gold Corporation filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Nevada on July 29, 2013. TThe debtor listed its assets of $20.01 million and liabilities of $20.70 million. The largest unsecured creditors include Borden Ladner Gervais LLP, Faegre Baker Daniels LLP, Kei Advisors LLC, Gold Canyon Mining and Construction LLC, Hardrock Mining Company, Mt Grant Electric, and Waterton Global Resource Management.

The debtor is represented by Stephen R Harris of Harris Law Practice LLC as its legal counsel.