Maudore Minerals Ltd
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36
- File
- 500-11-048311-159
- Industry
- Mining · Gold, diamonds & precious metals
Maudore Minerals Ltd is the subject of active proceedings under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, before the Superior Court of Québec, where an initial order was made on 27 February 2015 on the application of Minéraux Maudore Inc. Samson Bélair / Deloitte & Touche Inc. acts as monitor. The proceedings carry commencement dates of 19 November 2014 and 27 February 2015 and court file numbers 500-11-048311-159 and 615-11-001401-142. Creditor lists prepared as of 11 September 2014 show unsecured claims led by Blake, Cassels & Graydon LLP at $475,966.92, Raymond Chabot Grant Thornton at $115,774.09, North American Palladium at $100,000.00 and Fasken Martineau DuMoulin LLP at $70,003.48, alongside Revenu Canada and Revenu Québec deemed trust claims of $1,055.39 and $2,695.23.
Order on the Motion for a Fourth Extension of Stay of Proceedings — Application / notice of application
The officer filed report no. Fifth Report. Maudore has received a letter of intent for its only significant asset, the Comtois Property, and management will meet the interested party shortly. The Receiver of its bankrupt subsidiary Aurbec is negotiating an asset purchase agreement to sell all of Aurbec's assets, and the Receiver continues to fund Maudore's obligations as they come due.
Source: Fifth Report to the Court Submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
Motion for a Fourth Extension of the Stay of Proceedings — Application / notice of application
Order on the Motion for a Third Extension of Stay of Proceedings — Application / notice of application
The officer filed report no. Fourth Report. Maudore's only significant asset, the Comtois Property, has attracted no offers since discussions ceased; the Receiver continues to fund Maudore as needed with the secured lender's authorization, while the Aurbec Call for Tenders for the Sleeping Giant mine and exploration projects proceeds and will influence Maudore's debt level.
Source: Fourth Report to the Court Submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
Motion for a Third Extension of the Stay of Proceedings — Application / notice of application
Order on the Motion for a Second Extension of the Stay of Proceedings — Application / notice of application
Motion for a Second Extension of the Stay of Proceedings, Affidavit, Third Report to the Court and Notice of Presentation — Application / notice of application
The officer filed report no. Third Report. Maudore's only significant asset among its 13 exploration projects is the Comtois Property, and the Interested Party failed to submit an offer. Management continues discussions with interested parties and is evaluating a plan of arrangement, while Cyrus (via the Receiver) funds Maudore's obligations as they come due.
Source: Third Report to the Court Submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
Minutes and Order to the Motion for the Extension of the Stay of Proceedings — Application / notice of application
The officer filed report no. Second Report. Maudore is only a corporate head office that generates no liquidity, funded by transfers from the Aurbec receivership; Aurbec's mines are in care and maintenance and Aurbec is bankrupt. Maudore is continuing discussions with a party interested in exploiting its Comtois Property and seeks a stay extension to June 29, 2015 to develop a plan of arrangement.
The officer filed report no. First Report. Maudore is a parent/head-office company that generates no liquidity of its own; its cash needs are funded by its subsidiary Aurbec (in receivership, with operations in care and maintenance), with the secured lender Cyrus closely involved in the restructuring.
Initial order made under the CCAA on the application of Minéraux Maudore Inc., with Samson Bélair / Deloitte & Touche Inc. acting as monitor.
Source: CCAA Inital Order
Motion for the Continuation of Proceedings and for Initial Order — Application / notice of application
Application filed in the Superior Court of Québec under court file number 615-11-001401-142, commencing Maudore Minerals Ltd's CCAA proceedings in Quebec.
Source: Motion for a Second Extension
Trustee's Report on the State of the Insolvent Person's Business and Financial Affairs — Court officer report
Debtor
Maudore Minerals Ltd
Monitor
Deloitte & Touche
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dufresne | Superior Court of Québec | 2 orders, Dec 2014 – Jan 2015 | 4 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorMaudore Minerals Ltd | Woods LLP | 25 Feb 2016 | Application · 25 Feb 2016 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Blake, Cassels & Graydon LLP · in 13 casesdebtor: Maudore Minerals Ltd. · as of 11 Sep 2014 | $476K | Notice to creditors |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
27 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.Motion for a Second Extension of the Stay of Proceedings, Affidavit,… · 17 Jun 2015
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | unsecured creditors of Maudore | — | no distributionconditional | per the debtor | Motion for a Second Extension of the Stay of Proceedings, Affidavit,… · 17 Jun 2015 |
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.
Cash on hand
$82.5K
As at 13 Sep 2015Fourth Report to the Court Submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
Professional fees
As at
1 more reported figure
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Notice of Bankruptcy and First Meeting of Creditors
| PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
Order on the Motion for a Fourth Extension of Stay of Proceedings
| PDF · Subscribers | |
Fifth Report to the Court Submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
| PDF · Subscribers | |
Motion for a Fourth Extension of the Stay of Proceedings
| PDF · Subscribers | |
| Order on the Motion for a Third Extension of Stay of Proceedings | PDF · Subscribers | |
Fourth Report to the Court Submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
| PDF · Subscribers | |
| Motion for a Third Extension of the Stay of Proceedings | PDF · Subscribers | |
Order on the Motion for a Second Extension of the Stay of Proceedings
| PDF · Subscribers | |
Motion for a Second Extension of the Stay of Proceedings, Affidavit, Third Report to the Court and Notice of Presentation
| PDF · Subscribers | |
Third Report to the Court Submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
| PDF · Subscribers | |
| Minutes and Order to the Motion for the Extension of the Stay of Proceedings | PDF · Subscribers | |
| Motion for the First Extension of Stay Proceedings | PDF · Subscribers | |
Second Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor
| PDF · Subscribers | |
First Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor
| PDF · Subscribers | |
CCAA Inital Order
| PDF · Subscribers | |
Motion for the Continuation of Proceedings and for Initial Order
| PDF · Subscribers | |
Order Approving the Third Extension to January 27, 2015
| PDF · Subscribers | |
Motion for a Third Extension
| PDF · Subscribers | |
Order on the Verbal Request For Extension of Delay to January 14, 2015
| PDF · Subscribers | |
Notice to creditors for a second extention
| PDF · Subscribers | |
| Order Approving the Second Extension to January 5, 2015 | PDF · Subscribers | |
| List of Exhibits | PDF · Subscribers | |
Motion for a Second Extension
| PDF · Subscribers | |
| Service list | PDF · Subscribers | |
| Notice to creditors for a first extension | 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 | |
| Cash Flow Statements | PDF · Subscribers | |
| Report on Cash Flow Statement by the Person Making the Proposal | PDF · Subscribers | |
| Trustee Report on Cash Flow Statement | PDF · Subscribers | |
Notice to creditors
| 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., “Maudore Minerals Ltd” (CCAA), Superior Court of Québec. Retrieved 5 November 2026, https://proceedings.ca/case/maudore-minerals-ltd