Otso Gold Corp., Receiver
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- S-220231
- Industry
- Mining · Gold, diamonds & precious metals
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.
Application Record Cover and Index (Advice and Direction), October 24, 2022 — Application / notice of application
Notice of Application - Advice and Direction, filed October 12, 2022 — Application / notice of application
Date the record assigns to commencement of the receivership file, S-220231, in the Supreme Court of British Columbia; the receiver had been appointed January 14, 2022.
Source: Notice of Application (Slip Rule), filed April 14, 2022
Petition to the Court of Pandion Mine Finance LP et al filed January 17, 2022 — Application / notice of application
Undated filings2 — no date appears on the document · show
Debtor
Otso Gold Corp., Receiver
Receiver
Deloitte
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Gomery | Supreme Court of British Columbia | 8 orders, Jan 2022 – Sep 2023 | 7 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverDeloitte | Borden Ladner Gervais LLP · Cassels Brock & Blackwell LLP | 30 May 2022 | Order · 24 Oct 2022 |
| ApplicantPandion Mine Finance LP, Rivermet Resource Capital LP and PFL RAAHE Holdings LP | Cassels Brock & Blackwell LLP | 24 Oct 2022 | Order · 24 Oct 2022 |
| DebtorOtso Gold Corp., Receiver | Borden Ladner Gervais LLP | 17 Jul 2023 | Application · 17 Jul 2023 |
| CreditorBlackrock | White & Case LLP | 30 May 2022 | Service list · 30 May 2022 |
| CreditorBrunswick Gold Ltd | McCague Borlack LLP · McEwan Cooper Dennis LLP | 30 May 2022 | Application · 6 Sep 2023 |
| CreditorKroll LLC | McCague Borlack LLP | 6 Sep 2023 | Application · 6 Sep 2023 |
| CreditorKroll, LLC | Miller Thomson LLP | 12 Oct 2022 | Service list · 12 Oct 2022 |
| CreditorLionsbridge Capital Pty Ltd | McCague Borlack LLP | 6 Sep 2023 | Application · 6 Sep 2023 |
| CreditorPandion Mine Finance | Cassels Brock & Blackwell LLP | 17 Jan 2022 | Application · 17 Jan 2022 |
| CreditorWestech International Pty Ltd | Poulus Ensom LLP | 30 May 2022 | Service list · 12 Oct 2022 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Pandion 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 | $31.1M | Notice of Receiver - Form 87 |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
29 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: a distribution. Pandion short.EstimatedSecond Report of the Receiver, filed October 12, 2022 · 12 Oct 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Pandion | — | shortfall | Under the planper the receiver | Notice of Application - Advice and Direction, filed October 12, 2022 · 12 Oct 2022 |
| Unsecured | Pandion's unsecured debt | vs. in a bankruptcy | Estimatedper the receiver | Second Report of the Receiver, filed October 12, 2022 · 12 Oct 2022 | |
| Unsecured | OGOY's unsecured creditors | — | Under the planper the receiver | Notice 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.
4 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans9 engagements · 3 firms — latest: (firm not named), 14 Jan 2022 – 11 Jul 2023, in feesReceiver's Third Report · 11 Jul 2023
| Firm | Period | Hours | Fees | Rates | Source | ||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (firm not named)capacity not statedfirm not named in the heading | 14 Jan 2022 – 11 Jul 2023 | — | not stated | Receiver's Third Report · 11 Jul 2023 | |||||||||||||||||||||||||||||||
| Borden Ladner Gervais LLPCounsel to the receiverperiod 3 of 4 | to 31 Dec 2022 | 4 people | Affidavit #3 of Lisa C. Hiebert. filed July 14, 2023 · 14 Jul 2023 | ||||||||||||||||||||||||||||||||
4 people — Borden Ladner Gervais LLP, to 31 Dec 2022 · 12 blurred figures
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| Borden Ladner Gervais LLPCounsel to the receiverperiod 3 of 4 | — | 4 people | Affidavit #3 of Jennifer Pepper, filed · 24 Aug 2023 | ||||||||||||||||||||||||||||||||
4 people — Borden Ladner Gervais LLP · 18 blurred figures
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| Borden Ladner Gervais LLPCounsel to the receiverperiod 2 of 4 | — | 2 people | Affidavit #3 of Lisa C. Hiebert. filed July 14, 2023 · 14 Jul 2023 | ||||||||||||||||||||||||||||||||
2 people — Borden Ladner Gervais LLP · 6 blurred figures
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| Borden Ladner Gervais LLPCounsel to the receiverperiod 2 of 4 | — | 4 people | Affidavit #3 of Lisa C. Hiebert. filed July 14, 2023 · 14 Jul 2023 | ||||||||||||||||||||||||||||||||
4 people — Borden Ladner Gervais LLP · 12 blurred figures
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| Deloitte Restructuring Inc.Receiverperiod 3 of 4 | 14 Jan 2022 – 11 Jul 2023 | — | not stated | Receiver's Third Report · 11 Jul 2023 | |||||||||||||||||||||||||||||||
| Deloitte Restructuring Inc.Receiverperiod 3 of 4 | 7 Jan – 6 Mar 2023 | 4 people | Affidavit #3 of Melinda McKie, filed July 14, 2023 · 14 Jul 2023 | ||||||||||||||||||||||||||||||||
4 people — Deloitte Restructuring Inc., 7 Jan – 6 Mar 2023 · 12 blurred figures
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| Deloitte Restructuring Inc.Receiverperiod 1 of 4 | 10 Aug – 30 Sep 2022 | 4 people | Affidavit #1 of Melinda McKie, filed October 12, 2022 · 12 Oct 2022 | ||||||||||||||||||||||||||||||||
4 people — Deloitte Restructuring Inc., 10 Aug – 30 Sep 2022 · 12 blurred figures
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| Deloitte Restructuring Inc.Receiverperiod 1 of 4 | Final Accounts | 5 people | Affidavit #3 of Melinda McKie, filed July 14, 2023 · 14 Jul 2023 | ||||||||||||||||||||||||||||||||
5 people — Deloitte Restructuring Inc., Final Accounts · 15 blurred figures
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110 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plansAs at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Receiver's Discharge Certificate
| PDF · Subscribers | |
Application Record Index
| PDF · Subscribers | |
| Blackline #1 Comparison to NOA | PDF · Subscribers | |
Revised Order Made After Application (Fee Approval and Discharg e), filed September 6, 2023
| PDF · Subscribers | |
Affidavit #3 of Jennifer Pepper, filed
| PDF · Subscribers | |
| Blackline #2 Comparison to Aug. 23, 2023 Version | PDF · Subscribers | |
| Application Record (Fee Approval and Discharge Order) | PDF · Subscribers | |
Notice of Application, filed July 17, 2023
| PDF · Subscribers | |
Affidavit #3 of Lisa C. Hiebert. filed July 14, 2023
| PDF · Subscribers | |
Affidavit #3 of Melinda McKie, filed July 14, 2023
| PDF · Subscribers | |
Receiver's Third Report
| PDF · Subscribers | |
| Affidavit #1 of James Hubbard, filed March 30, 2023 | PDF · Subscribers | |
| Affidavit #1 of Lucas Beatch, filed March 30, 2023 | PDF · Subscribers | |
| Affidavit #2 of Lisa Hiebert, filed March 30, 2023 | PDF · Subscribers | |
| Affidavit #2 of Melinda McKie, filed March 30, 2023 | PDF · Subscribers | |
| Appointment for Registrar Hearing, filed February 8, 2023 | PDF · Subscribers | |
Appointment with Order Made After Application, filed February 8, 2023
| PDF · Subscribers | |
| Receiver's Closing Certificate, filed November 29, 2022 | PDF · Subscribers | |
| Application Record Cover and Index (Advice and Direction), October 24, 2022 | PDF · Subscribers | |
| Book of Authorities Cover and Index (Advice and Direction), October 24, 2022 | PDF · Subscribers | |
Order Made After Application (Sealing Order), filed Oct 24, 2022
| PDF · Subscribers | |
Order Made After Application, filed Oct 24, 2022
| PDF · Subscribers | |
| Application Response (Pandion), filed Oct 20, 2022 | PDF · Subscribers | |
| Affidavit #1 of Lisa Hiebert, filed October 12, 2022 | PDF · Subscribers | |
Affidavit #1 of Melinda McKie, filed October 12, 2022
| PDF · Subscribers | |
Notice of Application - Advice and Direction, filed October 12, 2022
| PDF · Subscribers | |
Second Report of the Receiver, filed October 12, 2022
| PDF · Subscribers | |
Service List - Otso Receivership(127116968.4)
| PDF · Subscribers | |
Service List - Otso Receivership(127116968.3)
| PDF · Subscribers | |
| Filed Affidavit #2 of Jennifer Pepper | PDF · Subscribers | |
Notice of Application (Slip Rule), filed April 14, 2022
| PDF · Subscribers | |
| Slip Rule Order, filed April 14, 2022 | PDF · Subscribers | |
| Blackline of the draft order to the model form of Vesting Order | PDF · Subscribers | |
Order Made after Application, filed April 12, 2022
| PDF · Subscribers | |
| First Report | PDF · Subscribers | |
| Otso - Request for LOI - JV Interest | PDF · Subscribers | |
Order Made After Application, filed February 2, 2022
| PDF · Subscribers | |
Justice Gomery, re Pandion Mine Finance Fund LP v. Otso Gold Corp., DOJ January 28, 2022
| PDF · Subscribers | |
Petition to the Court of Pandion Mine Finance LP et al filed January 17, 2022
| PDF · Subscribers | |
Interim Order of Justice Gomery made Jananuary 14, 2022
| PDF · Subscribers | |
Notice of Receiver - Form 87
| PDF · Subscribers | |
| Filed Affidavit #1 of Jennifer Pepper | PDF · Subscribers | |
| Filed Receiver's Notice of Application | 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., “Otso Gold Corp., Receiver” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/otso-gold-corp-receiver