Proceedings.

Arehada Mining Limited

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Active
Proceeding
Winding-up (provincial)section 207 of the Business Corporations Act, R.S.O. 1990, c. B.16
File
CV-23-00692786-00CL
Filings held15
Last activity21 Sep 2023
On the record1,319 days
OverviewSummary updated

Arehada Mining Limited has been under court supervision in Ontario since February 10, 2023, when the Superior Court of Justice (Commercial List) made a receivership order in Court File No. CV-23-00692786-00CL. The proceeding remains active. A Liquidator has run a claims solicitation process and accepted four unsecured claims: $480,254.97 CAD from Graham Warren, a current director of the company and therefore a related party, as of May 4, 2023; $212,711.10 from Zhengquan Chen, also known as Philip Z. Chen, as of May 1, 2023; $134,605.10 from Samuel Baker as of May 12, 2023; and $267.81 from TSX Trust Company as of April 12, 2023. TSX Trust separately holds $17,559.60 of unclaimed dividends issued by the company, which it has not released to the Liquidator absent an indemnity.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

Per the Court Order of Justice Steele dated February 10, 2023 (Claims Solicitation and Bar Order) dated 10 February 2023.

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Case updates15 dated entries
Parties

Debtor

File Documents

Liquidator

Albert Gelman

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice SteeleOntario Superior Court of Justice5 orders, Feb 2023 – Sep 2023220 cases on record

Counsel of record

PartyCounselFirst seenSource
LiquidatorAlbert GelmanWeirFoulds LLP21 Sep 2023Factum · 21 Sep 2023
ApplicantWeirFoulds LLP10 Feb 2023Order · 10 Feb 2023
Capital structureAs asserted in the filings
stated amounts, drawn to scale
Priority classCreditorAmountSource
UnsecuredGraham WarrenGraham Warren is a current director of the Company (related party) — debtor: Arehada Mining Limited · as of 4 May 2023$480KFirst Report of the Liquidator dated September 15, 2023 (for motion returnable September 21, 2023)
UnsecuredZhengquan Chen (aka Philip Z. Chen)debtor: Arehada Mining Limited · as of 1 May 2023$213KFirst Report of the Liquidator dated September 15, 2023 (for motion returnable September 21, 2023)
UnsecuredSamuel Bakerdebtor: Arehada Mining Limited · as of 12 May 2023$135KFirst Report of the Liquidator dated September 15, 2023 (for motion returnable September 21, 2023)
UnsecuredTSX Trust Company · in 14 casesTSX Trust Company also separately holds Unclaimed Dividends of $17,559.60 issued by the Company, which it has not released to the Liquidator absent an indemnity — debtor: Arehada Mining Limited · as of 12 Apr 2023$268First Report of the Liquidator dated September 15, 2023 (for motion returnable September 21, 2023)
Fees and ratesAs stated in the filings

4 engagements · 2 firmslatest: WeirFoulds LLP, to 13 Sep 2023, $2,825.00 in feesMotion Record of the Liquidator (for motion returnable September 21,… · 21 Sep 2023

FirmPeriodHoursFeesRatesSource
Albert Gelman Inc.Liquidatorto 31 Aug 2023Sought57.3$29,171.50$220 – $628.785 peopleMotion Record of the Liquidator (for motion returnable September 21,… · 21 Sep 2023
5 peopleAlbert Gelman Inc., to 31 Aug 2023
NameTitleHoursRateFees
Joe AlbertPrincipal9$628.78$5,659.00
Bryan GelmanPrincipal0.8$555.63$444.50
Tom McElroySenior Manager46.4$491.02$22,783.50
Ashley RobinsonEstate Administrator0.5$305$152.50
Daphna CherniakEstate Administrator0.6$220$132.00
57.3$509.10stated average$29,171.50
WeirFoulds LLPCounselperiod 3 of 3to 13 Sep 2023$2,825.00ex. tax$325 – $6502 peopleMotion Record of the Liquidator (for motion returnable September 21,… · 21 Sep 2023
2 peopleWeirFoulds LLP, to 13 Sep 2023
NameTitleHoursRateFees
Philip Cho2.1$650$1,365.00
Shadé Edwards7.1$325$2,307.50
Total Summary9.2$3,672.50
WeirFoulds LLPCounselperiod 2 of 314 Feb – 11 Sep 2023$315 – $7006 peopleMotion Record of the Liquidator (for motion returnable September 21,… · 21 Sep 2023
6 peopleWeirFoulds LLP, 14 Feb – 11 Sep 2023
NameYear of callHoursRateFees
Steve Doak20070.2$700
Philip Cho20029.1$650
Anna MakarowyczLaw Clerk0.4$340
Ruth DeSousaLaw Clerk0.6$340
Shadé Edwards20237.1$325
Wamika RazdanStudent10.5$315
WeirFoulds LLPCounselperiod 1 of 3to 31 Aug 2023$9,421.37ex. tax$315 – $7005 peopleMotion Record of the Liquidator (for motion returnable September 21,… · 21 Sep 2023
5 peopleWeirFoulds LLP, to 31 Aug 2023
NameTitleHoursRateFees
Steve Doak0.2$700$140.00
Philip Cho7$650$4,550.00
Anna Makarowycz0.4$340$136.00
Ruth DeSousa0.6$340$204.00
Wamika Razdan10.5$315$3,307.50
Total Summary18.7$8,337.50

Top rate $650 · 11th percentile of counsel rates, 2023 · of 54

Documents
15 filings
DateDocumentFile
Court Order of Justice Steele dated September 21, 2023
  • Presiding officer Justice Steele
PDF
Endorsement of Justice Steele dated September 21, 2023
  • Presiding officer Justice Steele
PDF
Factum of the Liquidator (for motion returnable September 21, 2023)
  • Counsel Weirfoulds LLP
PDF
Motion Record of the Liquidator (for motion returnable September 21, 2023) (1 of 3)PDF
Motion Record of the Liquidator (for motion returnable September 21, 2023) (2 of 3)PDF
Motion Record of the Liquidator (for motion returnable September 21, 2023) (3 of 3)
  • Fee schedule Engagements: Form: rate_chart · Rows: Bryan Gelman; Joe Albert; Tom McElroy; Ashely Robinson; Daphna Cherniak; Fees: 29171.5 · Rate: 509.1 · Hours: 57.3 · Quote: | | | 57.3 | 509.10 | 29,171.50 · Row kind: subtotal · Rate kind: average · Money: Fees: $29.2K · Quote: The Liquidator's total fees are $ 29,171.50, its total hours spent is 57.3 and, therefore, its average hourly rate is calculated to be $509.10. · Approximate: false · Period: End: 2023-08-31 · Kind: cumulative · Quote: An account dated August 31, 2023 for the period from June 1 to August 31, 2023 of $9,326.50, plus HST thereon. · Approval: Quote: This Affidavit is made in support of a motion to approve the accounts of Albert Gelman Inc. and for no improper purpose. · State: sought · Averages: — · Currency: · Invoices: Date: 2023-02-28 · Fees: 12824.5 · Quote: An account dated February 28, 2023 for the period to February 28, 2023 of $12,824.50, plus HST thereon; · Period end: 2023-02-28; Date: 2023-04-29 · Fees: 3716.5 · Quote: An account dated April 29, 2023 for the period from March 1 to 31, 2023 of $3,716.50, plus HST thereon; · Period end: 2023-03-31 · Period start: 2023-03-01; Date: 2023-06-08 · Fees: 3305 · Quote: An account dated June 8, 2023 for the period from April 1 to May 31, 2023 of $3,305.00, plus HST thereon; and, · Period end: 2023-05-31 · Period start: 2023-04-01; Date: 2023-08-31 · Fees: 9326.5 · Quote: An account dated August 31, 2023 for the period from June 1 to August 31, 2023 of $9,326.50, plus HST thereon. · Period end: 2023-08-31 · Period start: 2023-06-01 · Firm text: Albert Gelman Inc. · Firm quote: Liquidator of Arehada Mining Limited · Hours total: Quote: The Liquidator's total fees are $ 29,171.50, its total hours spent is 57.3 and, therefore, its average hourly rate is calculated to be $509.10. · Value: 57.3 · Context quote: I am a Licenced Insolvency Trustee and employee of Albert Gelman Inc. (' Liquidator '), Liquidator of Arehada Mining Limited, and as such have knowledge of the facts herein deposed to.; Form: rate_chart · Rows: Philip Cho; Steve Doak; Shadé Edwards; Wamika Razdan; Anna Makarowycz; Ruth DeSousa · Money: Approximate: false · Period: End: 2023-09-11 · Kind: cumulative · Quote: during the period from February 14, 2023, to September 11, 2023. · Start: 2023-02-14 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: WeirFoulds LLP · Firm quote: I am a Partner at the law firm of WeirFoulds LLP (' WeirFoulds '), lawyers for Albert Gelman Inc. (the ' Court-Appointed Liquidator ') in this proceeding. · Context quote: Attached hereto and marked as Exhibit 'A' to this affidavit is a summary of fees together with a true copy of the account rendered to the Court-Appointed Liquidator for work done; Form: invoice_listing · Rows: Anna Makarowycz; Philip Cho; Ruth DeSousa; Steve Doak; Wamika Razdan; Fees: 8337.5 · Hours: 18.7 · Quote: Total Summary | 18.70 | | $8,337.50 · Row kind: subtotal · Rate kind: standard · Name as stated: Total Summary · Money: Fees: $9.42K · Quote: Total Fees Including HST.................................................................................................. | $9,421.37 · Total: $9.48K · Quote: Total Fees and Disbursements Including HST.................................................................. | $9,479.23 · includes tax · includes disbursements · Approximate: false · Disbursements: $58 · Quote: Total Disbursements Including HST.................................................................................. | $57.86 · Period: End: 2023-08-31 · Kind: invoice · Quote: August 31, 2023 Invoice 357810 Page 5 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: WeirFoulds LLP · Firm quote: THIS IS OUR ACCOUNT HEREIN. WeirFoulds LLP · Context unverified: true; Form: invoice_listing · Rows: Philip Cho; Shadé Edwards; Fees: 3672.5 · Hours: 9.2 · Quote: Total Summary | 9.20 | | $3,672.50 · Row kind: subtotal · Rate kind: standard · Name as stated: Total Summary · Money: Fees: $2.83K · Quote: Total Fees Including HST.................................................................................................. | $2,825.00 · Total: $2.83K · Quote: Total Fees and Disbursements Including HST.................................................................. | $2,825.00 · includes tax · includes disbursements · Approximate: false · Disbursements: $0 · Quote: Total Disbursements Including HST.................................................................................. | $0.00 · Period: End: 2023-09-13 · Kind: invoice · Quote: Below is a description of the services rendered through September 13, 2023 with respect to our File No. 19583.00010 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: WeirFoulds LLP · Firm quote: THIS IS OUR ACCOUNT HEREIN. WeirFoulds LLP · Context unverified: true
PDF
First Report of the Liquidator dated September 15, 2023 (for motion returnable September 21, 2023)
  • Unsecured creditors $480K · Note: Graham Warren is a current director of the Company (related party) · Page: 5 · As of: 2023-05-04 · Basis: Proof of claim filed and accepted by the Liquidator during the Claims Solicitation Process · Debtor: Arehada Mining Limited · Creditor: Graham Warren
PDF
February 14, 2023 Press ReleasePDF
Press release dated February 14, 2023PDF
Application Record of Arehada Mining Limited (for motion returnable February 10, 2023)
  • Commencement date 11 January 2023
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-23-00692786-00CL
  • Statutory basis section 207 of the Business Corporations Act, R.S.O. 1990, c. B.16, as amended and Rule 14.05(2) of the Rules of Civil Procedure, R.R.O. 1990, Reg. 194, as amended
PDF
Court Order of Justice Steele dated February 10, 2023 (Appointment Order)
  • Appointee Albert Gelman Inc.
  • Appointee role liquidator
  • Commencement date 10 February 2023
  • Counsel Weirfoulds LLP
  • + 5 more extracted facts
PDF
Court Order of Justice Steele dated February 10, 2023 (Claims Solicitation and Bar Order)
  • Counsel Weirfoulds LLP
  • Presiding officer Justice Steele
PDF
Endorsement of Justice Steele dated February 10, 2023
  • Presiding officer Justice Steele
PDF
Factum of Arehada Mining Limited (for motion returnable February 10, 2023)PDF
Proof of Claim Document PackagePDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Arehada Mining Limited” (Winding-up (provincial)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/arehada-mining-limited

Sources last checked · summary updated 11 August 2026 · Report a correction · Printed from proceedings.ca/case/arehada-mining-limited

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.