VHGI Holdings Inc. is in the process of securing a loan, says Jim Bender, vice president of investor relations, in an interview with Mergers & Acquisitions. The move comes after the miner’s auditor raised doubt about VHGI’s ability to continue without the threat of liquidation.

Auditor Liggett Vogt & Webb PA raised substantial doubt about VHGI’s ability to continue as a going concern, or without the threat of liquidation, because the company has incurred substantial losses and has a working capital deficit, the company says in a June 26 filing with the U.S. Securities and Exchange Commission.

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