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.
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.
Motion for a Second Extension was filed. Court file 615-11-001402-140.
Source: Motion for a Second Extension
Application filed in the Superior Court of Québec, commencing insolvency proceedings in respect of Aurbec Mines Inc. under court file number 615-11-001402-140.
The officer filed report no. Second Report. 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.
Source: Trustee's Report on the Sale of Assets Outside the Ordinary Course of Business
The officer filed a report. 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.
Source: Trustee's Report on the State of the Insolvent Person's Business and Financial Affairs
Debtor
Aurbec Mines Inc.
Proposal trustee
Deloitte & Touche
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | MAUDORE MINERALS LTD · in 2 casesrelated party (affiliated/parent mining company); largest listed creditor — debtor: Aurbec Mines Inc. · as of 11 Sep 2014 | $109M | Notice to creditors |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
71 more claims in 1 class The stack holds Unsecured claims.
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See all plans3 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
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Accès Industrielall the equipment listed in Appendix A, namely seven (7) Scooptrams, a scissor lift and some replacement parts (collectively, the ' Equipment ') · asset sale | Subscribers | Approved | Trustee'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 2014 | not stated | Approved7 Nov 2014 | Order Authorizing the Sale of Assets |
| vente de certains actifs miniers (équipements souterrains au projet Vezza)certains actifs miniers de la Société · asset sale | Subscribers | Closed7 Nov 2014 | Trustee's Prelimirary Report to the Creditors |
Cash on hand
$4.3M
As at 11 Jan 2015Trustee's Prelimirary Report to the Creditors
| Date | Document | File |
|---|---|---|
Trustee's Prelimirary Report to the Creditors
| PDF · Subscribers | |
| Order Approving the Second Extension to January 5, 2015 | PDF · Subscribers | |
Motion for a Second Extension
| PDF · Subscribers | |
Order Authorizing the Sale of Assets
| PDF · Subscribers | |
| List of Exhibits | PDF · Subscribers | |
Motion to Authorize the Sale of Assets
| PDF · Subscribers | |
| Service list dated | PDF · Subscribers | |
Trustee's Report on the Sale of Assets Outside the Ordinary Course of Business
| PDF · Subscribers | |
| Order Approving the First Extension to November 21, 2014 | PDF · Subscribers | |
Trustee's Report on the State of the Insolvent Person's Business and Financial Affairs
| PDF · Subscribers | |
| Exhibit R-7b | PDF · Subscribers | |
| Exhibit R-7c | PDF · Subscribers | |
| Exhibit R-7e | PDF · Subscribers | |
| Exhibit R-7f | PDF · Subscribers | |
| Exhibit R-7g | PDF · Subscribers | |
| Exhibit R7-a | PDF · Subscribers | |
| Cash Flow Statement | PDF · Subscribers | |
| Report on Cash Flow Statement by the Person Making the Proposa | PDF · Subscribers | |
Trustee's Report on Cash Flow Statement
| PDF · Subscribers | |
| Exhibit R-2 | PDF · Subscribers | |
| Exhibit R-3 | PDF · Subscribers | |
Notice to creditors
| PDF · Subscribers | |
| Exhibit R-6 | PDF · Subscribers | |
| Exhibit R-7d | PDF · Subscribers | |
| Exhibit R-1 | PDF · Subscribers | |
| Exhibit R-4 | PDF · Subscribers | |
| Exhibit R-5 | PDF · 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 5 November 2026, https://proceedings.ca/case/aurbec-mines-inc
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.