Proceedings.

Aurbec Mines Inc.

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Active
Proceeding
NOIs. 50.4(9) of the Bankruptcy and Insolvency Act
Court
Superior Court of Québec
File
615-11-001402-140
Filings held27
Last activity21 Jan 2015
On the record4,338 days
OverviewSummary updated

Aurbec Mines Inc. filed a notice of intention to make a proposal on 5 November 2014 in the Superior Court of Québec, court file 615-11-001402-140, with Samson Bélair/Deloitte & Touche Inc. as trustee and s. 65.13 of the Bankruptcy and Insolvency Act cited as the statutory basis. The proceeding remains active. A listing of creditors prepared without audit as at 11 September 2014 reports itemised unsecured claims of $250 or more totalling $114,449,691.90 across roughly 200 creditors, led by related party Maudore Minerals Ltd at $108,682,874.56. Entrepreneur Minier Promec is listed at $2,453,479.24, the Ministère des Ressources Naturelles et Faune-Québec at $916,107.00 and Forages M. Rouillier Inc. at $555,076.18. FBC Holdings (Cyrus) appears on the creditor mailing list at USD $30,381,243.75, outside that total.

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Case updates24 dated entries · 3 undated
#Report

The officer filed a report. Aurbec a cessé toutes ses activités minières (fermeture de Géant Dormant et de Vezza, ce dernier étant en mode « care & maintenance »), n'a plus de liquidités, et le Syndic administre uniquement les droits miniers et immeubles résiduels de Vezza, sans surplus prévu pour les créanciers non garantis.

Source: Trustee's Prelimirary Report to the Creditors

21 earlier updates, back to 5 November 2014 — subscribers.

Undated filings3 — no date appears on the document · show

3 filings carry no date on their face — subscribers.

Parties

Debtor

Aurbec Mines Inc.

Proposal trustee

Deloitte

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
UnsecuredMAUDORE MINERALS LTD · in 2 casesrelated party (affiliated/parent mining company); largest listed creditor — debtor: Aurbec Mines Inc. · as of 11 Sep 2014$109MNotice to creditors

71 more claims across lower-ranking classes

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Sale processAs stated in the filings

3 transactions · 2 approved · 1 closed — Les résultats non concluants du processus d'appel d'offres de la SociétéTrustee's Prelimirary Report to the Creditors · 21 Jan 2015

Qualified bids

1

Trustee's Report on the Sale of Assets Outside the…

PurchaserPriceStatusSource
Accès Industrielall the equipment listed in Appendix A, namely seven (7) Scooptrams, a scissor lift and some replacement parts (collectively, the ' Equipment ') · asset saleSubscribersApprovedTrustee's Report on the Sale of Assets Outside…
unnamed purchaser under the convention d'achat d'actifs, Exhibit P-5the mining equipment identified in Appendix A of the convention d'achat d'actifs · asset sale · agreement 30 Nov 2014not statedApproved7 Nov 2014Order Authorizing the Sale of Assets
vente de certains actifs miniers (équipements souterrains au projet Vezza)certains actifs miniers de la Société · asset saleSubscribersClosed7 Nov 2014Trustee's Prelimirary Report to the Creditors
AdvisorsCorporate Assets (auctioneer); Clarus Securities Inc. (financial advisor)Trustee's Prelimirary Report to the Creditors
Estate financialsReported figures — never derived

Cash on hand

$4.3M

As at 21 Jan 2015Trustee's Prelimirary Report to the Creditors

Documents
27 filings
DateDocumentFile
Trustee's Prelimirary Report to the Creditors
  • Closing confirmed Closed · 7 Nov 2014
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Order Approving the Second Extension to January 5, 2015PDF · Subscribers
Order Approving the First Extension to November 21, 2014PDF · Subscribers
Motion for a Second Extension
  • Applicant Mines Aurbec Inc.
  • Appointee Samson Bélair/Deloitte & Touche Inc.
  • Appointee role Trustee
  • Commencement date 19 November 2014
  • + 4 more extracted facts
PDF · Subscribers
Order Authorizing the Sale of Assets
  • Order date 7 November 2014
  • Purchaser unnamed purchaser under the convention d'achat d'actifs, Exhibit P-5 · the mining equipment identified in Appendix A of the convention d'achat d'actifs · asset sale · approved
  • Sale outcome Sale approved — Motion to authorize the sale of mining equipment outside the ordinary course of business granted
  • Stalking horse Subscribers
PDF · Subscribers
List of ExhibitsPDF · Subscribers
Motion to Authorize the Sale of Assets
  • Appointee Samson Bélair/Deloitte & Touche Inc.
  • Appointee role Trustee
  • Commencement date 5 November 2014
  • Court SUPERIOR COURT
  • + 4 more extracted facts
PDF · Subscribers
Service list datedPDF · Subscribers
Trustee's Report on the Sale of Assets Outside the Ordinary Course of Business
  • Operational summary Sleeping Giant is operating in a reduced mode with final mine-out and mill cleanout underway, while Vezza has been in care and maintenance since September 2013; management is selling redundant/idle mining equipment from both sites to generate liquidity while continuing to seek an investor.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 9 more extracted facts
PDF · Subscribers
Trustee's Report on the State of the Insolvent Person's Business and Financial Affairs
  • Operational summary Aurbec is winding down mining operations at Sleeping Giant (final mine-out and mill cleanout), Vezza is not operating, and management is seeking investors while assessing care-and-maintenance alternatives.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Exhibit R-7bPDF · Subscribers
Exhibit R-7cPDF · Subscribers
Exhibit R-7ePDF · Subscribers
Exhibit R-7fPDF · Subscribers
Exhibit R-7gPDF · Subscribers
Exhibit R7-aPDF · Subscribers
Cash Flow StatementPDF · Subscribers
Report on Cash Flow Statement by the Person Making the ProposaPDF · Subscribers
Trustee's Report on Cash Flow Statement
PDF · Subscribers
Exhibit R-2PDF · Subscribers
Exhibit R-3PDF · Subscribers
Notice to creditors
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Exhibit R-6PDF · Subscribers
Exhibit R-7dPDF · Subscribers
Exhibit R-1PDF · Subscribers
Exhibit R-4PDF · Subscribers
Exhibit R-5PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Aurbec Mines Inc.” (NOI), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/aurbec-mines-inc

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Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/aurbec-mines-inc

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.