Proceedings.

Otso Gold Corp., Receiver

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Closed
Proceeding
Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
Court
Supreme Court of British Columbia
File
S-220231
Filings held43
Last activity16 Nov 2023
On the record1,621 days
Secured debt$31.1M
OverviewSummary updated

Otso Gold Corp., a mining company, is in court-appointed receivership in the Supreme Court of British Columbia, file S-220231, on a BIA s. 243 basis. Otso and three related entities obtained a CCAA initial order on December 3, 2021 with Deloitte as Monitor; the Monitor's second report concluded Otso lacked the resources to advance the restructuring, the stay expired January 14, 2022, and the receivership application of Pandion Mine Finance LP, RiverMet Resource Capital LP and PFL Raahe Holdings LP was granted the same day by Mr. Justice Gomery. Deloitte Restructuring Inc., as Receiver, issued its Form 87 notice on January 20, 2022, recording assets of $69,161,542 at October 31, 2021 book value, $68,900,475 of it due from related parties, secured debt of $31,105,947 and unsecured claims stated at $1,097,452. The receivership is closed.

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Case updates40 dated entries · 3 undated
Undated filings3 — no date appears on the document · show
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Order

Blackline of the draft order to the model form of Vesting Order — Interim order granted

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Filing

Filed Affidavit #1 of Jennifer Pepper — Application filed

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—
Filing

Filed Receiver's Notice of Application — Application filed

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Parties

Debtor

Otso Gold Corp., Receiver

Receiver

Deloitte

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice GomerySupreme Court of British Columbia9 orders, Jan 2022 – Nov 20236 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverDeloitteBorden Ladner Gervais LLP · Cassels Brock & Blackwell LLP30 May 2022Order · 24 Oct 2022
ApplicantPandion Mine Finance LP, Rivermet Resource Capital LP and PFL RAAHE Holdings LPCassels Brock & Blackwell LLP24 Oct 2022Order · 24 Oct 2022
DebtorOtso Gold Corp., ReceiverBorden Ladner Gervais LLP17 Jul 2023Application · 17 Jul 2023
CreditorBlackrockWhite & Case LLP30 May 2022Service list · 30 May 2022
CreditorBrunswick Gold LtdMcCague Borlack LLP · McEwan Cooper Dennis LLP30 May 2022Application · 6 Sep 2023
CreditorKroll LLCMcCague Borlack LLP6 Sep 2023Application · 6 Sep 2023
CreditorKroll, LLC Harbourfront Technologies Square, #2803 M5J 2S2 839-8276 EmailMiller Thomson LLP12 Oct 2022Service list · 12 Oct 2022
CreditorLionsbridge Capital Pty LtdMcCague Borlack LLP6 Sep 2023Application · 6 Sep 2023
CreditorWestech International Pty LtdPoulus Ensom LLP12 Oct 2022Service list · 12 Oct 2022
Capital structureAs asserted in the filings
stated amounts, drawn to scale · 3 named without a figure
#Priority classCreditorAmountSource
4SecuredPandion Mine Finance LP and PFL Rahhe Holdings Ltd.The creditor holding security on the Property (Form 87 item 5); the security is not described in the notice. The same lenders (with RiverMet Resource Capital LP) were the applicants for the receivership order. — The notice's table styles the second entity “PFL Rahhe Holdings Ltd.”; the attached receivership order styles it “PFL Raahe Holdings LP” — recorded as the table states it. — debtor: Otso Gold Corp. · as of 31 Oct 2021$31.1MNotice of Receiver - Form 87
8UnsecuredJohn T. Boyd Companydebtor: Otso Gold Corp.$319KNotice of Receiver - Form 87
8UnsecuredLionsbridge Pty Ltddebtor: Otso Gold Corp.$165KNotice of Receiver - Form 87
8UnsecuredPricewaterhousedebtor: Otso Gold Corp.$133KNotice of Receiver - Form 87
8UnsecuredPandion MinePandion Mine Finance LP also holds the secured claim of $31,105,947 — both capacities recorded as the document states them. — debtor: Otso Gold Corp.$111KNotice of Receiver - Form 87
8UnsecuredGFD & SMDdebtor: Otso Gold Corp.$76.9KNotice of Receiver - Form 87
8UnsecuredNGR USDThe name embeds “USD”, but the schedule's single amount column is headed $CDN — recorded as CAD as stated. — debtor: Otso Gold Corp.$64.3KNotice of Receiver - Form 87
8UnsecuredInvesting News Networkdebtor: Otso Gold Corp.$62KNotice of Receiver - Form 87
8UnsecuredChris TowseyIndividual creditor. — debtor: Otso Gold Corp.$39.6KNotice of Receiver - Form 87
8UnsecuredAird & Berlis · in 2 casesdebtor: Otso Gold Corp.$34.3KNotice of Receiver - Form 87
8UnsecuredComputershare · in 36 casesdebtor: Otso Gold Corp.$18.8KNotice of Receiver - Form 87
8UnsecuredBorden Ladner Gervais Llp · in 28 casesdebtor: Otso Gold Corp.$11.8KNotice of Receiver - Form 87
8UnsecuredNordic Ventures Advisory ABdebtor: Otso Gold Corp.$11.5KNotice of Receiver - Form 87
8UnsecuredBH Legaldebtor: Otso Gold Corp.$10.3KNotice of Receiver - Form 87
8UnsecuredTwin Buttedebtor: Otso Gold Corp.$8.68KNotice of Receiver - Form 87
8Unsecured121 Group UsdThe name embeds “Usd”, but the schedule's single amount column is headed $CDN — recorded as CAD as stated. — debtor: Otso Gold Corp.$7.59KNotice of Receiver - Form 87
8UnsecuredMartin SmithIndividual creditor. — debtor: Otso Gold Corp.$6.2KNotice of Receiver - Form 87
8UnsecuredStreetwisedebtor: Otso Gold Corp.$4.75KNotice of Receiver - Form 87
8UnsecuredAnsarada Pty Limiteddebtor: Otso Gold Corp.$3.56KNotice of Receiver - Form 87
8UnsecuredHarbourfrontdebtor: Otso Gold Corp.$3.41KNotice of Receiver - Form 87
8UnsecuredAres Miningdebtor: Otso Gold Corp.$2.92KNotice of Receiver - Form 87
8UnsecuredHamilton Sekdebtor: Otso Gold Corp.$1.44KNotice of Receiver - Form 87
8UnsecuredAlpha Resourcedebtor: Otso Gold Corp.$974Notice of Receiver - Form 87
8UnsecuredAvisar Everydaydebtor: Otso Gold Corp.$525Notice of Receiver - Form 87
8UnsecuredMediant Communications Inc,debtor: Otso Gold Corp.$347Notice of Receiver - Form 87
8UnsecuredCDS Clearingdebtor: Otso Gold Corp.$263Notice of Receiver - Form 87
8UnsecuredBroadridge · in 25 casesdebtor: Otso Gold Corp.$4Notice of Receiver - Form 87
8UnsecuredBMO Credit Card - CorpThe amount is stated as “Unknown”. — debtor: Otso Gold Corp.—Notice of Receiver - Form 87
8UnsecuredCanada Revenue Agency · in 926 casesThe amount is stated as “Unknown”. Crown claim. — debtor: Otso Gold Corp.—Notice of Receiver - Form 87
8UnsecuredTSX Venture Exchange · in 12 casesThe amount is stated as “Unknown”. — debtor: Otso Gold Corp.—Notice of Receiver - Form 87

“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

RecoveriesAs stated in the filings

Unsecured creditors: 3.3 %. Pandion short.EstimatedSecond Report of the Receiver, filed October 12, 2022 · 12 Oct 2022

ClassCreditorClaimsRecoveryBasisSource
SecuredPandion—shortfallUnder the planper the receiverNotice of Application - Advice and Direction, filed October 12, 2022 · 12 Oct 2022
UnsecuredPandion's unsecured debt$78.6M3.3 %vs. 0.8 % in a bankruptcyEstimatedper the receiverSecond Report of the Receiver, filed October 12, 2022 · 12 Oct 2022
UnsecuredOGOY's unsecured creditors—3.3 %Under the planper the receiverNotice of Application - Advice and Direction, filed October 12, 2022 · 12 Oct 2022

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.

Fees and ratesAs stated in the filings

6 engagements · 3 firms — latest: (firm not named), 14 Jan 2022 – 11 Jul 2023, $184,948.50 in feesReceiver's Third Report · 11 Jul 2023

FirmPeriodHoursFeesRatesSource
(firm not named)Receiverfirm not named in the heading14 Jan 2022 – 11 Jul 2023—$184,948.50ex. taxnot statedReceiver's Third Report · 11 Jul 2023
Borden Ladner Gervais LLPCounsel to the receiverperiod 1 of 2to 31 Dec 202258.4$27,756.00courtesy discountnot statedAffidavit #3 of Lisa C. Hiebert. filed July 14, 2023 · 14 Jul 2023
4 people — Borden Ladner Gervais LLP, to 31 Dec 2022
NameTitleHoursRateFees
Lisa Hiebert—24.5$435.94stated average$10,680.55
Jennifer Pepper—29$284.62stated average$8,254.09
Catherine Connor—4.7$219.77stated average$1,032.93
Caitlin Hansen—0.2$162.15stated average$32.43
Borden Ladner Gervais LLPCounsel to the receiverperiod 1 of 2—52.3$26,173.00ex. taxcourtesy discount$325 – $66010 peopleAffidavit #3 of Jennifer Pepper, filed · 24 Aug 2023
10 people — Borden Ladner Gervais LLP, —
NameTitleHoursRateFees
Lisa Hiebert—0.8$660standard $660$528.00
Lisa Hiebert—5.3$641.32stated average$3,399.00
Jake Cabott—24.5$615stated average$15,067.50
Ryan Laity—17.5$610standard $610$10,675.00
Lisa Hiebert—6.1$499.69stated average$3,048.10
Jennifer Pepper—0.2$344.50stated average$68.90
Catherine Connor—0.5$330stated average$165.00
Catherine Connor—4$330standard $330$1,320.00
Jennifer Pepper—30$325standard $455$9,750.00
Jennifer Pepper—64.5$289.62stated average$18,680.33
——52.3—$22,273.00
Deloitte Restructuring Inc.Receiverperiod 3 of 37 Jan – 6 Mar 20234.2$1,931.50$275 – $6104 peopleAffidavit #3 of Melinda McKie, filed July 14, 2023 · 14 Jul 2023
4 people — Deloitte Restructuring Inc., 7 Jan – 6 Mar 2023
NameTitleHoursRateFees
Melinda McKie—1.9$610$1,159.00
Naomi McGregor—0.7$475$332.50
Alina Lyusak—0.5$275$137.50
Teresa Wong—1.1$275$302.50
Deloitte Restructuring Inc.Receiverperiod 1 of 310 Aug – 30 Sep 202243.2$22,221.00$385 – $6104 peopleAffidavit #1 of Melinda McKie, filed October 12, 2022 · 12 Oct 2022
4 people — Deloitte Restructuring Inc., 10 Aug – 30 Sep 2022
NameTitleHoursRateFees
Jeff Keeble—0.6$610$366.00
Melinda McKie—13$610$7,930.00
Naomi McGregor—28.1$475$13,347.50
Grace Perales-Solis—1.5$385$577.50
Deloitte Restructuring Inc.Receiverperiod 1 of 3Final Accounts283.9$154,623.00$200 – $6105 peopleAffidavit #3 of Melinda McKie, filed July 14, 2023 · 14 Jul 2023
5 people — Deloitte Restructuring Inc., Final Accounts
NameTitleHoursRateFees
Jeff KeebleSenior Vice-President2.3$610$1,403.00
Melinda McKieSenior Vice-President/Trustee153.5$610$93,635.00
Naomi McGregorSenior Manager118.8$475$56,430.00
Grace Perales-SolisManager7$385$2,695.00
Aniket SagarAnalyst2.3$200$460.00

Top rate $610 · 26th percentile of receiver rates, 2023 · of 32

Estate financialsReported figures — never derived
Total assets at filing$69.2M

As at 31 Oct 2021 · per Net book value as at October 31, 2021, per information compiled by the Debtors including the most recent unaudited monthly financial statements; cash per information provided to the CCAA Monitor as at January 14, 2022. Deloitte has not audited or verified the information; requests to the principal and director for additional information remained outstanding. · Otso Gold Corp. (entity level) — assets only — The stated asset total is $69,161,542: cash $88,480; accounts receivable $55,576; prepaid expenses $76,342; amounts due from related parties $68,900,475; property, plant and equipment $3,169; reclamation bond $37,500. Sequence: Otso Gold Corp., Otso Gold OY, Otso Gold AB and 2273265 Alberta Ltd. obtained a CCAA Initial Order December 3, 2021 (Deloitte as Monitor); the Monitor's Second Report concluded Otso lacked resources to advance the restructuring, the stay expired January 14, 2022, and the secured creditors' receivership application was granted the same day. Principal line of business: mi

Documents
43 filings
DateDocumentFile
Receiver's Discharge Certificate
  • Presiding officer Justice Gomery
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Application Record Index
  • Counsel McCague Borlack LLP
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Blackline #1 Comparison to NOAPDF
Revised Order Made After Application (Fee Approval and Discharg e), filed September 6, 2023
  • Presiding officer Justice Gomery
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Affidavit #3 of Jennifer Pepper, filed
  • Fee schedule Engagements: Form: time_summary · Rows: C.A. Connor; L. Hiebert; R.M. Laity; J. Pepper; Fees: 22273 · Hours: 52.3 · Quote: 52.30 | $ 22,273.00 · Row kind: subtotal · Rate kind: standard · Money: Fees: $26.2K · Quote: TO OUR FEES ... $ 26,173.00 · Approximate: false · Period: Kind: invoice · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Borden Ladner Gervais LLP · Firm quote: I am an Associate at Borden Ladner Gervais LLP ("BLG"), counsel for Deloitte Restructuring Inc. · Hours total: Quote: 52.30 · Value: 52.3 · Context quote: counsel for Deloitte Restructuring Inc. (in such capacity, the "Receiver") · Discount note: Text: Less Discount · Quote: Less Discount (3,900.00)
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Blackline #2 Comparison to Aug. 23, 2023 VersionPDF
Application Record (Fee Approval and Discharge Order)PDF
Notice of Application, filed July 17, 2023
  • Counsel Borden Ladner Gervais LLP
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Affidavit #3 of Lisa C. Hiebert. filed July 14, 2023
  • Fee schedule Engagements: Form: invoice_listing · Rows: C.A. Connor; C. Hansen; L. Hiebert; J. Pepper · Money: Fees: $27.8K · Quote: TO OUR FEES | $ 27,756.00 · Total: $20K · Quote: FEE BALANCE | 20,000.00 · Approximate: false · Period: End: 2022-12-31 · Kind: invoice · Quote: PROFESSIONAL SERVICES RENDERED to December 31, 2022 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Borden Ladner Gervais LLP · Firm quote: I am a Partner at Borden Ladner Gervais LLP ("BLG"), counsel for Deloitte Restructuring Inc. · Hours total: Quote: 58.40 | | $ 20,000.00 · Value: 58.4 · Context quote: counsel for Deloitte Restructuring Inc., court-appointed receiver and receiver-manager · Discount note: Text: Less Discount · Quote: Less Discount | (7,756.00); Form: invoice_listing · Rows: L. Hiebert; J. Pepper · Money: Fees: $4.12K · Quote: TO OUR FEES | $ 4,117.00 · Total: $3.49K · Quote: TOTAL THIS INVOICE | $ 3,491.04 · includes tax · includes disbursements · Approximate: false · Period: Kind: invoice · Quote: June 5, 2023 Invoice # 698256449 File No: 560836/000013 Page 3 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Borden Ladner Gervais LLP · Firm quote: I am a Partner at Borden Ladner Gervais LLP ("BLG"), counsel for Deloitte Restructuring Inc. · Hours total: Quote: 6.30 | | $ 3,117.00 · Value: 6.3 · Context quote: counsel for Deloitte Restructuring Inc., court-appointed receiver and receiver-manager · Discount note: Text: Less Discount · Quote: Less Discount | (1,000.00); Form: invoice_listing · Rows: J. Cabott; C.A. Connor; L. Hiebert; J. Pepper · Money: Fees: $39.8K · Quote: TO OUR FEES | $ 39,841.50 · Total: $37.3K · Quote: FEE BALANCE | 37,311.83 · Approximate: false · Period: Kind: invoice · Quote: July 10, 2023 Invoice # 698267789 File No: 560836/000013 Page 8 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Borden Ladner Gervais LLP · Firm quote: I am a Partner at Borden Ladner Gervais LLP ("BLG"), counsel for Deloitte Restructuring Inc. · Hours total: Quote: 94.80 | | $ 37,311.83 · Value: 94.8 · Context quote: counsel for Deloitte Restructuring Inc., court-appointed receiver and receiver-manager · Discount note: Text: Less Discount and Less Fee Adjustment Discount · Quote: Less Fee Adjustment Discount | (2,282.17)
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Affidavit #3 of Melinda McKie, filed July 14, 2023
  • Fee schedule Engagements: Form: invoice_listing · Rows: · Money: · Period: Kind: final · Label: Final Accounts · Quote: true copies of the Receiver's final accounts in this matter (collectively, the "Final Accounts"), as follows: · Approval: State: unstated · Averages: · Currency: · Invoices: Date: 2022-11-14 · Quote: 8003049825 | November 14, 2022 | $16,513.88 · Total: 16513.88; Date: 2023-01-17 · Quote: 8003233231 | January 17, 2023 | $4,701.90 · Total: 4701.9; Date: 2023-03-14 · Quote: 8003395498 | March 14, 2023 | $2,028.08 · Total: 2028.08; Date: 2023-07-11 · Quote: 8003766479 | July 11, 2023 | $8,597.93 · Total: 8597.93 · Firm text: Deloitte Restructuring Inc. · Firm quote: I am a Senior Vice President of Deloitte Restructuring Inc. ("Deloitte"), the court-appointed receiver (the "Receiver") of the assets, undertakings and properties of Otso Gold Corp. · Context quote: true copies of the Receiver's final accounts in this matter (collectively, the "Final Accounts"); Form: time_summary · Rows: Melinda McKie; Naomi McGregor; Teresa Wong; Alina Lyusak · Money: Fees: $1.93K · Quote: Our Fee | Our Fee | Our Fee | 1,931.50 · Approximate: false · Period: End: 2023-03-06 · Kind: invoice · Quote: Professional services for the period January 7, 2023 to March 6, 2023. · Start: 2023-01-07 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Deloitte Restructuring Inc. · Firm quote: I am a Senior Vice President of Deloitte Restructuring Inc. ("Deloitte"), the court-appointed receiver (the "Receiver") of the assets, undertakings and properties of Otso Gold Corp. · Hours total: Quote: 4.2 · Value: 4.2 · Context quote: Professional services for the period January 7, 2023 to March 6, 2023.
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Receiver's Third Report
  • Fee schedule Engagements: Form: invoice_listing · Rows: · Money: Fees: $185K · Quote: 184,948.50 · Total: $194K · Quote: 194,195.94 · includes disbursements · Approximate: false · Disbursements: $9.25K · Quote: 9,247.44 · Period: End: 2023-07-11 · Kind: cumulative · Quote: INTERIM STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE PERIOD JANUARY 14, 2022 TO JULY 11, 2023 · Start: 2022-01-14 · Approval: State: unstated · Averages: · Currency: Code: CAD · Quote: $CAD · Invoices: Fees: 64865.5 · Quote: 8002457978 | January 14, 2022 to February 4, 2022 · Total: 68108.78 · Period end: 2022-02-04 · Period start: 2022-01-14 · Disbursements: 3243.28; Fees: 46394 · Quote: 8002611125 | Februray 5, 2022 to April 1, 2022 · Total: 48713.7 · Period end: 2022-04-01 · Period start: 2022-02-05 · Disbursements: 2319.7; Fees: 12824 · Quote: 8002694963 | April 2, 2022 to June 1, 2022 · Total: 13465.2 · Period end: 2022-06-01 · Period start: 2022-04-02 · Disbursements: 641.2; Fees: 8318.5 · Quote: 8002836275 | Júne 7, 2022 to August 9, 2022 · Total: 8734.43 · Period end: 2022-08-09 · Period start: 2022-06-07 · Disbursements: 415.93; Fees: 22221 · Quote: 8002950872 | August 10, 2022 to September 30, 2022 · Total: 23332.05 · Period end: 2022-09-30 · Period start: 2022-08-10 · Disbursements: 1111.05; Fees: 15727.5 · Quote: 8003049825 | October 1, 2022 to November 4, 2022 · Total: 16513.88 · Period end: 2022-11-04 · Period start: 2022-10-01 · Disbursements: 786.38; Fees: 4478 · Quote: 8003233231 | November 5, 2023 to January 6, 2023 · Total: 4701.9 · Period start: 2023-01-06 · Disbursements: 223.9; Fees: 1931.5 · Quote: 8003395498 | January 7, 2023 to March 6, 2023 · Total: 2028.08 · Period end: 2023-03-06 · Period start: 2023-01-07 · Disbursements: 96.58; Fees: 8188.5 · Quote: 8003766479 | March 7, 2023 to June 30, 2023 · Total: 8597.93 · Period end: 2023-06-30 · Period start: 2023-03-07 · Disbursements: 409.43 · Firm quote: In its capacity as Court-appointed Receiver of Otso Gold Corp and not in its personal capacity. · Context quote: In its capacity as Court-appointed Receiver of Otso Gold Corp and not in its personal capacity. · Firm unverified: true; Form: invoice_listing · Rows: · Money: Fees: $234K · Quote: 233,643.33 · Total: $263K · Quote: 263,263.30 · includes tax · includes disbursements · Approximate: false · Disbursements: $1.52K · Quote: 1,521.66 · Period: End: 2023-07-11 · Kind: cumulative · Quote: INTERIM STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE PERIOD JANUARY 14, 2022 TO JULY 11, 2023 · Start: 2022-01-14 · Approval: State: unstated · Averages: · Currency: Code: CAD · Quote: $CAD · Invoices: Fees: 50184 · Quote: 698075769 | January 14, 2022 to January 31, 2022 · Total: 56252.42 · Period end: 2022-01-31 · Period start: 2022-01-14 · Disbursements: 44.13; Fees: 55141.5 · Quote: 698094978 | February 1, 2022 to February 28, 2022 · Total: 62090.27 · Period end: 2022-02-28 · Period start: 2022-02-01 · Disbursements: 315.98; Fees: 25290 · Quote: 698095276 | March 1, 2022 to March 31, 2022 · Total: 28362.6 · Period end: 2022-03-31 · Period start: 2022-03-01 · Disbursements: 36; Fees: 24029.5 · Quote: 698112505 | April 1, 2022 to April 30, 2022 · Total: 27279.98 · Period end: 2022-04-30 · Period start: 2022-04-01 · Disbursements: 355.5; Fees: 5000 · Quote: 698118052 | May 1, 2022 to May 31, 2022 · Total: 5600 · Period end: 2022-05-31 · Period start: 2022-05-01; Fees: 2117.5 · Quote: 698130355 | June 1, 2022 to June 22, 2022 · Total: 2385.11 · Period end: 2022-06-22 · Period start: 2022-06-01 · Disbursements: 13.5; Fees: 10000 · Quote: 698160701 | July 12, 2022 to September 30, 2022 · Total: 11309.78 · Period end: 2022-09-30 · Period start: 2022-07-12 · Disbursements: 104.55; Fees: 20000 · Quote: 698205392 | October 2 2022 to December 31, 2022 · Total: 22611.78 · Period end: 2022-12-31 · Period start: 2022-10-02 · Disbursements: 205.5; Fees: 1452 · Quote: 698222175 | January 1 2023 to February 28, 2023 · Total: 1626.24 · Period end: 2023-02-28 · Period start: 2023-01-01; Fees: 3117 · Quote: 698256499 | March 1, 2023 to May 31, 2023 · Total: 3491.04 · Period end: 2023-05-31 · Period start: 2023-03-01; Fees: 37311.83 · Quote: 698267789 | November 10, 2022 to June 30, 2023 · Total: 42254.08 · Period end: 2023-06-30 · Period start: 2022-11-10 · Disbursements: 446.5 · Firm quote: SUMMARY OF LEGAL FEES · Context quote: SUMMARY OF LEGAL FEES · Firm unverified: true
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Affidavit #1 of James Hubbard, filed March 30, 2023PDF
Affidavit #1 of Lucas Beatch, filed March 30, 2023PDF
Affidavit #2 of Lisa Hiebert, filed March 30, 2023PDF
Affidavit #2 of Melinda McKie, filed March 30, 2023PDF
Appointment for Registrar Hearing, filed February 8, 2023PDF
Appointment with Order Made After Application, filed February 8, 2023
  • Presiding officer Justice Gomery
PDF
Receiver's Closing Certificate, filed November 29, 2022PDF
Application Record Cover and Index (Advice and Direction), October 24, 2022PDF
Book of Authorities Cover and Index (Advice and Direction), October 24, 2022PDF
Order Made After Application (Sealing Order), filed Oct 24, 2022
  • Counsel Borden Ladner Gervais LLP
  • Presiding officer Justice Gomery
PDF
Order Made After Application, filed Oct 24, 2022
  • Presiding officer Justice Gomery
PDF
Application Response (Pandion), filed Oct 20, 2022PDF
Affidavit #1 of Lisa Hiebert, filed October 12, 2022PDF
Affidavit #1 of Melinda McKie, filed October 12, 2022
  • Fee schedule Engagements: Form: invoice_listing · Rows: · Money: Total: $162K · Quote: TOTAL:| TOTAL:| $162,354.16 · Approximate: false · Period: Kind: cumulative · Quote: TOTAL: · Approval: State: unstated · Averages: · Currency: · Invoices: Date: 2022-03-11 · Quote: 8002457978 | March 11, 2022 | $68,108.78 · Total: 68108.78; Date: 2022-05-13 · Quote: 8002611125 | May 13, 2022 | $48,713.70 · Total: 48713.7; Date: 2022-06-15 · Quote: 8002694963 | June 15,2022 | $13,465.20 · Total: 13465.2; Date: 2022-08-18 · Quote: 8002836275 | August 18, 2022 | $8,734.43 · Total: 8734.43; Date: 2022-10-06 · Quote: 8002950872 | October 6, 2022 | $23,332.05 · Total: 23332.05 · Firm text: Deloitte Restructuring Inc. · Firm quote: I am a Senior Vice President of Deloitte Restructuring Inc. ("Deloitte"), the court-appointed receiver (the "Receiver") of the assets, undertakings and properties of Otso Gold Corp. · Context quote: the court-appointed receiver (the "Receiver") of the assets, undertakings and properties of Otso Gold Corp.; Form: time_summary · Rows: Melinda McKie; Jeff Keeble; Naomi McGregor; Grace Perales-Solis · Money: Fees: $22.2K · Quote: Our Fee | Our Fee | Our Fee | 22,221.00 · Approximate: false · Period: End: 2022-09-30 · Kind: invoice · Quote: Professional services for the period August 10, 2022 to September 30, 2022. · Start: 2022-08-10 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Deloitte Restructuring Inc. · Firm quote: I am a Senior Vice President of Deloitte Restructuring Inc. ("Deloitte"), the court-appointed receiver (the "Receiver") of the assets, undertakings and properties of Otso Gold Corp. · Hours total: Quote: 43.2 · Value: 43.2 · Context quote: Professional services for the period August 10, 2022 to September 30, 2022.; Form: report_table · Rows: Melinda McKie; Jeff Keeble; Naomi McGregor; Grace Perales-Solis; Aniket Sagar · Money: Fees: $155K · Quote: TOTAL | | 283.90 | | $154,623.00 · Approximate: false · Period: Kind: cumulative · Quote: TOTAL · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Deloitte · Firm quote: Summary of Deloitte's Professional Fees by Person · Hours total: Quote: TOTAL | | 283.90 | | $154,623.00 · Value: 283.9 · Context quote: IN THE MATTER OF THE RECEIVERSHIP OF OTSO GOLD CORP. Summary of Deloitte's Professional Fees by Person
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Notice of Application - Advice and Direction, filed October 12, 2022
  • Recovery outcome Entries: per plan; per plan · Table missing:
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Second Report of the Receiver, filed October 12, 2022
  • Recovery outcome Entries: per plan; per unstated; per unstated; per unstated; per liquidation_alternative · Table missing:
PDF
Service List - Otso Receivership(127116968.4)
  • Counsel Cassels Brock & Blackwell LLP
PDF
Service List - Otso Receivership(127116968.3)
  • Counsel White & Case LLP
PDF
Filed Affidavit #2 of Jennifer PepperPDF
Notice of Application (Slip Rule), filed April 14, 2022
  • Commencement date 14 April 2022
  • Court IN THE SUPREME COURT OF BRITISH COLUMBIA
  • Court file no S-220231
PDF
Slip Rule Order, filed April 14, 2022PDF
Order Made after Application, filed April 12, 2022
  • Presiding officer Justice Gomery
PDF
First ReportPDF
Otso - Request for LOI - JV InterestPDF
Order Made After Application, filed February 2, 2022
  • Presiding officer Justice Gomery
PDF
Justice Gomery, re Pandion Mine Finance Fund LP v. Otso Gold Corp., DOJ January 28, 2022
  • Presiding officer Justice Gomery
PDF
Petition to the Court of Pandion Mine Finance LP et al filed January 17, 2022
  • Court IN THE SUPREME COURT OF BRITISH COLUMBIA
PDF
Interim Order of Justice Gomery made Jananuary 14, 2022
  • Presiding officer Justice Gomery
PDF
Notice of Receiver - Form 87
  • Financial position Assets $69.2M · as at 31 Oct 2021 · per Net book value as at October 31, 2021, per information compiled by the Debtors including the most recent unaudited monthly financial statements; cash per information provided to the CCAA Monitor as at January 14, 2022. Deloitte has not audited or verified the information; requests to the principal and director for additional information remained outstanding. · Otso Gold Corp. (entity level) — assets only — The stated asset total is $69,161,542: cash $88,480; accounts receivable $55,576; prepaid expenses $76,342; amounts due from related parties $68,900,475; property, plant and equipment $3,169; reclamation bond $37,500. Sequence: Otso Gold Corp., Otso Gold OY, Otso Gold AB and 2273265 Alberta Ltd. obtained a CCAA Initial Order December 3, 2021 (Deloitte as Monitor); the Monitor's Second Report concluded Otso lacked resources to advance the restructuring, the stay expired January 14, 2022, and the secured creditors' receivership application was granted the same day. Principal line of business: mining.
  • Secured creditors $31.1M · Note: The notice's table styles the second entity “PFL Rahhe Holdings Ltd.”; the attached receivership order styles it “PFL Raahe Holdings LP” — recorded as the table states it. · Page: 2 · As of: 2021-10-31 · Basis: Form 87 — Notice and Statement of the Receiver (ss.245(1) & 246(1) BIA), Deloitte Restructuring Inc., dated January 20, 2022, item 5: “Amount owed to each creditor who holds a security on the Property”, at book value per information compiled by the Debtors including unaudited financial statements for the month ended October 31, 2021 (not audited or verified by Deloitte). Receiver appointed January 14, 2022 by Order of Mr. Justice Gomery, Supreme Court of British Columbia, on the application of Pandion Mine Finance LP, RiverMet Resource Capital LP and PFL Raahe Holdings LP. · Debtor: Otso Gold Corp. · Creditor: Pandion Mine Finance LP and PFL Rahhe Holdings Ltd. · Security: The creditor holding security on the Property (Form 87 item 5); the security is not described in the notice. The same lenders (with RiverMet Resource Capital LP) were the applicants for the receivership order.
  • Unsecured creditors $62K · Page: 17 · Basis: Schedule “B” — Unsecured Creditors, Book value ($CDN), to the same Form 87: “compiled based on information available to the Receiver as at the date of this Notice”. Stated total $1,097,452; the 26 stated whole-dollar rows sum to $1,097,453 — a $1 footing difference consistent with the schedule rounding each amount for display. Both recorded as the document presents them. · Debtor: Otso Gold Corp. · Creditor: Investing News Network
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Blackline of the draft order to the model form of Vesting OrderPDF
Filed Affidavit #1 of Jennifer PepperPDF
Filed Receiver's Notice of ApplicationPDF

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

CiteProceedings., “Otso Gold Corp., Receiver” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/otso-gold-corp-receiver

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Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/otso-gold-corp-receiver

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.