Besra Gold Inc.
Follow- Proceeding
- NOISection 50.4(1) of the Bankruptcy and Insolvency Act (Canada)
- File
- 31-2047972
Besra Gold Inc. filed a Notice of Intention to Make a Proposal on October 19, 2015, under section 50.4(1) of the Bankruptcy and Insolvency Act (Canada), with MNP Ltd. named proposal trustee, in the Ontario Superior Court of Justice, Commercial List (court file no. 31-2047972). The proceeding also cites section 50(5) of the Act. The court granted an interim order in the matter on April 13, 2016.
The officer filed report no. First Report. BGI is a holding company facing an immediate liquidity crisis with no ability to fund its own operations or those of its operating subsidiaries absent DIP financing, while its Vietnamese and Malaysian mining subsidiaries continue to operate in the normal course outside these proceedings. Court file 31-2047972.
Source: First report of the proposal trustee october 21 2015
Debtor
Besra Gold Inc.
Proposal trustee
MNP
Closed · the record states no distribution outcome.
As at 30 Sep 2015 · per Creditors List compiled from BGI's known creditors as at September 30, 2015; approximate figure · entity - Besra Gold Inc. (BGI) only, excluding its Subsidiaries — Figure represents total claims of BGI's known creditors (secured, unsecured noteholders and other unsecured) per the Creditors List; not an audited or verified total. Also noted: intercompany debt of USD$116,860,308 owed by Subsidiaries to BGI as at June 30, 2015 (an asset component, not a total).
| Date | Document | File |
|---|---|---|
| Email address list may 6 2016 | ||
Endorsement of justice swinton april 13 2016
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First report of the proposal trustee october 21 2015
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Report of the trustee on the proposal
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Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Besra Gold Inc.” (NOI), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/besra-gold-inc