Proceedings.

Labrador Iron Mines Holdings Limited

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Active
Proceeding
CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
File
CV-15-10926-00CL
Filings held67
Last activity21 Dec 2016
On the record4,190 days
OverviewSummary updated

Labrador Iron Mines Holdings Limited, together with Labrador Iron Mines Limited and Schefferville Mines Inc., obtained protection under the Companies' Creditors Arrangement Act on April 2, 2015 in the Ontario Superior Court of Justice, court file CV-15-10926-00CL, with Duff & Phelps Canada Restructuring Inc. appointed Monitor. The proceedings remain active. An unaudited schedule of known creditors owed more than $1,000, prepared as at April 1, 2015, lists RBRG Trading (UK) Limited at $22,284,620.61 and Grey Rock Services Inc. at $14,949,080.46 as the largest unsecured claims, followed by Major Drilling Group Int'l Inc. at $2,468,134.07, Western Labrador Rail Services at $1,761,824.50 and Nation Innu Matimekush-Lac John at $1,500,000. Aboriginal community councils, rail and camp service providers and equipment suppliers across Quebec and Labrador make up much of the balance of the schedule.

Claims processIf you are owed money

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

Per the Claims Procedure Order dated April 18, 2016 dated 18 April 2016.

Proceedings AIAsk this case — answers cite the filings
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Case updates66 dated entries · 1 undated
#Report

The officer filed report no. Ninth Report. The Company remains under CCAA protection with mining activities suspended amid a prolonged low iron ore price environment, and is focused on completing its Plan of Compromise and Arrangement to restructure its balance sheet rather than resuming operations.

Source: Ninth Report of the Monitor dated December 9, 2016

#Sale

The court granted an approval and vesting order for the sale to Tormont CAT, a division of Tormont Industries Ltd. Closing terms, as extracted: vesting effective upon delivery of the Monitor's Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions. Sealed: summary of the unsuccessful offer and the Appraisal, attached as Confidential Appendices to the Monitor's Third Report.

Source: Approval and Vesting Order dated September 1, 2015

Undated filings1 — no date appears on the document · show
Claims

Form of Proxy Meeting of creditors

PDF

Parties

Debtor

Labrador Iron Mines Holdings Limited

Trustee in bankruptcy

AlixPartners

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice WiltonOntario Superior Court of Justice1 order, Dec 201615 cases on record

Counsel of record

PartyCounselFirst seenSource
Trustee in bankruptcyAlixPartnersGoodmans LLP7 Sep 2016Service list · 7 Sep 2016
ApplicantLabrador Iron Mines Holdings LimitedRothstein LLP7 Sep 2016Service list · 7 Sep 2016
CreditorFonteneau Resources LtdMcMillan LLP7 Sep 2016Service list · 7 Sep 2016
CreditorNaskapi Nation of KawawachikamachCain Lamarre Casgrain Wells7 Sep 2016Service list · 7 Sep 2016
CreditorPort Authorities of Sept- Îles (Administration Portuaire de Sept- Îles)Fasken Martineau DuMoulin LLP7 Sep 2016Service list · 7 Sep 2016
CreditorQuebec North Shore and Labrador Railway Company IncLanglois Avocats7 Sep 2016Service list · 7 Sep 2016
CreditorRBRG Trading (UK) Limited (formerly RB Metalloyd Ltd.)Dentons Canada LLP7 Sep 2016Service list · 7 Sep 2016
CreditorTransport Ferroviare Tshiuetin IncMcMillan LLP7 Sep 2016Service list · 7 Sep 2016
Capital structureAs asserted in the filings
stated amounts, drawn to scale
Priority classCreditorAmountSource
UnsecuredRBRG Trading (UK) LimitedAmount reflected in US dollars per document note — debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$22.3MList of Creditors
UnsecuredGrey Rock Services Inc.debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$14.9MList of Creditors
UnsecuredMajor Drilling Group Int'l Inc.debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$2.47MList of Creditors
UnsecuredWestern Labrador Rail Servicesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$1.76MList of Creditors
UnsecuredNation Innu Matimekush-Lac Johndebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$1.5MList of Creditors
UnsecuredLabrador Catering Limited Partnershipdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$1.47MList of Creditors
UnsecuredDRA Americas Inc. · in 3 casesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$1.22MList of Creditors
UnsecuredInnu Takuaikan Uashat Mak Mani-Utenamdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$1.12MList of Creditors
UnsecuredFonteneau Resources Ltd.debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$1.03MList of Creditors
Unsecured154619 Canada Inc.debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$1.03MList of Creditors
UnsecuredDexter Québec Inc.debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$597KList of Creditors
UnsecuredHooley Consultantsdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$549KList of Creditors
UnsecuredConseil de la Nation Innu Matimekush-Lac Johndebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$390KList of Creditors
UnsecuredMr. John F. KearneyIndividual creditor; possible related party (officer/director) — debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$310KList of Creditors
UnsecuredDuberco Inc.debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$243KList of Creditors
UnsecuredTshiuetin SECdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$235KList of Creditors
UnsecuredCMS Mechanical Timmins Divisiondebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$231KList of Creditors
UnsecuredNalcor Energydebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$219KList of Creditors
UnsecuredNunatukavat Community Councildebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$159KList of Creditors
UnsecuredActivation Laboratories Ltd. · in 4 casesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$99.6KList of Creditors
UnsecuredAlstom Grid Canada Inc.debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$91.5KList of Creditors
UnsecuredLes Location de l'Anse de Sept-Îles Inc.debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$91KList of Creditors
UnsecuredWestechAmount reflected in US dollars per document note — debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$87.3KList of Creditors
UnsecuredHewitt Équipement Limitée · in 2 casesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$78.2KList of Creditors
UnsecuredEnergold Minerals Inc.debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$73.1KList of Creditors
UnsecuredCarol Automobile Ltd.debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$59.5KList of Creditors
UnsecuredSociété de Developpment Des Naskapisdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$43.4KList of Creditors
UnsecuredCIMA+ · in 3 casesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$41.1KList of Creditors
UnsecuredInfosat Communications · in 5 casesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$30.9KList of Creditors
UnsecuredTema Isenmann, Inc. · in 2 casesAmount reflected in US dollars per document note — debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$29.4KList of Creditors
UnsecuredJCL Consulting Groupdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$28.6KList of Creditors
UnsecuredOutland Campsdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$22.4KList of Creditors
UnsecuredKalenborn Canada Inc.debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$21.1KList of Creditors
UnsecuredTrillium Railwaydebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$20.1KList of Creditors
UnsecuredTransport Ferroviaire Tshiuetindebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$19.7KList of Creditors
UnsecuredFLSmidth Salt Lake City Inc.Amount reflected in US dollars per document note — debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$17.6KList of Creditors
UnsecuredDexter Institute · in 2 casesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$17.3KList of Creditors
UnsecuredNaskapi Nation of Kawawachikamachdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$13.2KList of Creditors
UnsecuredCK Logistics · in 2 casesDivision of Transforce Inc. — debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$12.9KList of Creditors
UnsecuredBennett's Refrigeration Ltddebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$12KList of Creditors
UnsecuredLarry CotéIndividual creditor — debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$9.91KList of Creditors
UnsecuredLeon's Furnituredebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$8.8KList of Creditors
UnsecuredThe Railway Association of Canadadebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$5.25KList of Creditors
UnsecuredLabrador 2BG Adventure Inc.debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$5KList of Creditors
UnsecuredSuperior Propane · in 56 casesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$4.46KList of Creditors
UnsecuredHoskin Scientific Limited · in 2 casesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$4.36KList of Creditors
UnsecuredComputershare Trust Company of Canada · in 31 casesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$4.2KList of Creditors
UnsecuredDesjardins Auto Collectiondebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$4.14KList of Creditors
UnsecuredPhoenix Servicesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$3.71KList of Creditors
UnsecuredBell TV · in 4 casesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$3.48KList of Creditors
UnsecuredHydro Québec · in 18 casesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$2.67KList of Creditors
UnsecuredCNW Group · in 9 casesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$2.53KList of Creditors
UnsecuredMining Industry NLdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$2.26KList of Creditors
UnsecuredBoulons L.P.G. Enr.debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$2.19KList of Creditors
UnsecuredTelus · in 115 casesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$1.92KList of Creditors
UnsecuredTelebec L.P.debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$1.54KList of Creditors
UnsecuredDe Lage Landen · in 16 casesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$1.31KList of Creditors
UnsecuredXerox Canada Ltd. · in 72 casesdebtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · as of 1 Apr 2015$1.3KList of Creditors
Sale processAs stated in the filings

4 transactions · 2 approved · 1 closed · 1 proposedTransaction approved and vesting order grantedStay Extension and Approval and Vesting Order dated September 30, 2016 · 30 Sep 2016

PurchaserPriceStatusSource
Tormont CAT, a division of Tormont Industries Ltd.the Applicant's right, title and interest in and to the assets described in the Offer (the "Purchased Assets") · asset sale · agreement 20 Aug 2015not statedApproved1 Sep 2015Approval and Vesting Order dated September 1,…
Toromont CAT, a division of Toromont Industries Ltd.surplus equipment (three generators) owned by the Company · asset saleSealedpurchase price exceeds net liquidation value, paid in cash upfront; unredacted copy of the Offer to be made available to the Court at the hearingClosed10 Sep 2015Monitor's Certificate dated September 11, 2015
unnamed scrap metal dealer purchaser of the Railcars, referred to as 'the Purchaser'the Railcars · asset saleSealedPrice not stated in text; sale price is said to exceed the $250,000 threshold in the Initial Order.ProposedSeventh Report of the Monitor dated September…
SLM Recyclingthe Applicants' right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 24 Aug 2016not statedApproved30 Sep 2016Stay Extension and Approval and Vesting Order…
AdvisorsHilco Asset Sales Canada (sale agent); unnamed machinery and equipment sales broker (listing broker)Seventh Report of the Monitor dated September 26, 2016
Closing termsVesting effective upon delivery of Monitor's Certificate confirming payment of Purchase Price and satisfaction of closing conditionsStay Extension and Approval and Vesting Order dated September 30, 2016
Sealed materialssummary of the unsuccessful offer and the Appraisal, attached as Confidential Appendices to the Monitor's Third Report; unredacted Pinkerton AffidavitApproval and Vesting Order dated September 1, 2015
RecoveriesAs stated in the filings

Unsecured creditors: 49 %. Roseway paid in full · Secured Lenders 57.1 % · Senior Secured Noteholders 97 %.Under the plan · implementedPlan Sanction Order December 14, 2016 · 14 Dec 2016

ClassCreditorClaimsRecoveryBasisSource
Securedsecured creditors (Royal Bank of Canada and CCFL)short by $50MEstimatedBook of Authorities of the Applicants · 1 Sep 2015
SecuredRosewaypaid in fullEstimatedper the monitorBook of Authorities of the Applicants · 29 Sep 2016
SecuredSecured Lenders$2.1B USDestimated57.1 %Estimatedper the monitorBook of Authorities of the Applicants · 10 Nov 2016
SecuredSenior Secured Noteholders$175M USD97 %Under the planimplementedper the debtorBook of Authorities of the Applicants · 10 Nov 2016
LandlordLandlord Guarantee Creditorspaid in fullUnder the planimplementedper the debtorBook of Authorities of the Applicants · 10 Nov 2016
UnsecuredAffected Unsecured Creditors of LIM and SMI49 %Under the planimplementedper the courtPlan Sanction Order December 14, 2016 · 14 Dec 2016
UnsecuredLIMHrelated party51 %Under the planimplementedper the courtPlan Sanction Order December 14, 2016 · 14 Dec 2016
UnsecuredNoteholders$610M USDestimated8.3 %conditionalEstimatedper the monitorBook of Authorities of the Applicants · 10 Nov 2016
UnsecuredUnsecured Noteholders14 %Book of Authorities of the Applicants · 10 Nov 2016

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Documents
67 filings
DateDocumentFile
Monitor’s Plan Implementation Date Certificate dated December 21, 2016PDF
Endorsement of Justice Wilton Siegel dated December 14, 2016
  • Presiding officer Justice Wilton
PDF
Motion Record of the Applicants returnable December 14, 2016PDF
Plan Sanction Order December 14, 2016
  • Recovery outcome Entries: per plan; per plan; per unstated; per plan · Table missing:
PDF
Book of Authorities of the Applicants dated December 13, 2016PDF
Factum of the Applicants dated December 13, 2016PDF
Notice of Motion and Draft Sanction Order dated December 11, 2016PDF
Ninth Report of the Monitor dated December 9, 2016
  • Operational summary The Company remains under CCAA protection with mining activities suspended amid a prolonged low iron ore price environment, and is focused on completing its Plan of Compromise and Arrangement to restructure its balance sheet rather than resuming operations.
  • Recovery outcome Entries: per plan; per plan; per plan; per plan; per estimated · Stated on: 2016-12-09 · Table missing:
  • Report date 9 December 2016
  • Report no Ninth Report
PDF
Letter to Creditors dated November 14, 2016PDF
Notice of the Meetings and Sanction HearingPDF
Book of Authorities of the Applicants returnable November 10, 2016
  • Recovery outcome Entries: per unstated; per plan; per plan; per estimated; per estimated; per estimated; per estimated; per estimated; per estimated; per estimated; per estimated; per plan; per unstated · Table missing:
PDF
Convenience Claim Election FormPDF
Factum of the Applicants returnable November 10, 2016PDF
Meeting Order dated November 10, 2016PDF
Motion Record returnable November 10, 2016PDF
Eighth Report of the Monitor dated November 4, 2016
  • Recovery outcome Entries: per plan; per plan · Stated on: 2016-11-04 · Table missing:
PDF
Plan Report, including the Meeting OrderPDF
Plan Affidavit, including the PlanPDF
Resolution to Approve the PlanPDF
Endorsement dated September 30, 2016PDF
Motion Record returnable September 30, 2016PDF
Stay Extension and Approval and Vesting Order dated September 30, 2016
  • Closing terms Vesting effective upon delivery of Monitor's Certificate confirming payment of Purchase Price and satisfaction of closing conditions
  • Purchaser SLM Recycling · the Applicants' right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Sale outcome Sale approved — Transaction approved and vesting order granted
  • Sealed items unredacted Pinkerton Affidavit
PDF
Book of Authorities of the Applicants dated September 29, 2016
  • Recovery outcome Entries: per unstated; per plan · Table missing:
PDF
Factum of the Applicants dated September 29, 2016PDF
Supplementary Affidavit of Richard Pinkerton sworn September 28, 2016PDF
Seventh Report of the Monitor dated September 26, 2016
  • Process results 2 solicited · 2 bids
  • Purchaser unnamed scrap metal dealer purchaser of the Railcars, referred to as 'the Purchaser' · the Railcars · asset sale · price sealed · proposed
  • Sale advisor unnamed machinery and equipment sales broker (listing broker)
  • Sale outcome Approval pending — The Monitor recommends the Court approve the Transaction for the sale of the Railcars to the Purchaser
PDF
Service List as at September 7, 2016
  • Counsel McMillan LLP
PDF
Endorsement dated June 30, 2016PDF
Motion Record of Applicants returnable June 30, 2016PDF
Stay Extension Order dated June 30, 2016PDF
Sixth Report of the Monitor dated June 23, 2016PDF
Claims Procedure Order dated April 18, 2016
  • Presiding officer Justice E. Swinton
PDF
Motion Record of Applicants returnable April 18, 2016PDF
Fifth Report of the Monitor dated April 12, 2016PDF
Book of Authorities of the Applicants dated April 8, 2016PDF
Factum of the Applicants dated April 8, 2016PDF
Endorsement dated December 16, 2015PDF
Motion Record returnable December 16, 2015PDF
Stay Extension Order dated December 16, 2015PDF
Fourth Report of the Monitor dated December 11, 2015PDF
Monitor's Certificate dated September 11, 2015
  • Closing confirmed Closed · 10 Sep 2015 · Toromont CAT, a division of Toromont Industries Ltd.
PDF
Approval and Vesting Order dated September 1, 2015
  • Closing terms vesting effective upon delivery of the Monitor's Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions
  • Order date 1 September 2015
  • Purchaser Tormont CAT, a division of Tormont Industries Ltd. · the Applicant's right, title and interest in and to the assets described in the Offer (the "Purchased Assets") · asset sale · approved
  • Sealed items summary of the unsuccessful offer and the Appraisal, attached as Confidential Appendices to the Monitor's Third Report
PDF
Book of Authorities of the Applicants returnable September 1, 2015
  • Recovery outcome Entries: per unstated · Table missing:
PDF
Endorsement datd September 1, 2015PDF
Factum of the Applicants returnable September 1, 2015PDF
Motion Record of the Applicants returnable September 1, 2015PDF
Third Report of the Monitor dated August 26, 2015
  • Purchaser Toromont CAT, a division of Toromont Industries Ltd. · surplus equipment (three generators) owned by the Company · asset sale · price sealed · proposed
  • Sale advisor Hilco Asset Sales Canada (sale agent)
  • Sale outcome Approval pending — Monitor recommends the Court approve the Transaction with Toromont CAT for the surplus equipment
PDF
Endorsement dated July 27, 2015PDF
Motion Record returnable July 27, 2015PDF
Stay Extension Order dated July 27, 2015
  • Presiding officer Justice Hainey
PDF
Second Report of the Monitor dated July 21, 2015PDF
Book of Authorities of the Applicants returnable April 30, 2015
  • Recovery outcome Entries: per estimated; per estimated · Table missing:
PDF
Endorsement dated April 30, 2015PDF
Factum of the Applicants returnable April 30, 2015PDF
Motion Record of the Applicants returnable April 30, 2015PDF
Stay Extension Order April 30, 2015PDF
First Report of the Monitor dated April 24, 2015PDF
CCAA Notice to CreditorsPDF
CCAA Initial Order dated April 2, 2015
  • Applicant LABRADOR IRON MINES HOLDINGS LIMITED, LABRADOR IRON MINES LIMITED and SCHEFFERVILLE MINES INC.
  • Appointee Duff & Phelps Canada Restructuring Inc.
  • Appointee role Monitor
  • Commencement date 2 April 2015
  • + 5 more extracted facts
PDF
Endorsement dated April 2, 2015PDF
Notice of Application dated April 2, 2015PDF
Application Record dated April 1, 2015
  • Applicant Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc.
  • Appointee Duff & Phelps Canada Restructuring Inc.
  • Appointee role Monitor
  • Commencement date 1 April 2015
  • + 2 more extracted facts
PDF
Book of Authorities dated April 1, 2015PDF
Factum of the Applicants dated April 1, 2015PDF
List of Creditors
  • Unsecured creditors $1.54K · Page: 2 · As of: 2015-04-01 · Basis: Schedule of Known Creditors owed more than $1,000 (unaudited) · Debtor: Labrador Iron Mines Holdings Limited, Labrador Iron Mines Limited and Schefferville Mines Inc. · Creditor: Telebec L.P.
PDF
Report of the Proposed Monitor dated April 1, 2015PDF
Form of ProxyPDF

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

CiteProceedings., “Labrador Iron Mines Holdings Limited” (CCAA), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/labrador-iron-mines-holdings-limited

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