Red Eagle Mining Corporation was placed in receivership by order of the Supreme Court of British Columbia on November 21, 2018, under section 243(1) of the Bankruptcy and Insolvency Act and section 39 of the Law and Equity Act, in court file S1812407. FTI Consulting, Inc. was appointed Receiver and Manager on the application of Orion Fund JV Limited, acting as collateral agent for itself and Liberty Metals and Mining Holdings LLC. The proceeding remains active. At the entity level, the books and records of REMDC Holdings Limited showed, as at November 22, 2018, an investment in subsidiary with no dollar value carried and $1,298,748 due from a related party, unaudited and unverified by the Receiver. Orion Fund JV Limited claims approximately USD 79,901,000 from REMDC under a guarantee and security agreement granted in support of a loan to REMDC's parent.
The officer filed report no. Third Report of the Receiver. The Receiver is finalizing transactions to sell REMDC's shares and intercompany debt to Eagle Gold Mining Inc., which will substantially complete the receivership administration; the mine itself remains non-operational with uncertain prospects of restarting.
Source: Third Report of the Receiver
LT All Parties serving Notice of Application & Receiver's Report — Application / notice of application
The court granted an approval and vesting order for the sale to Eagle Gold Mining Inc. Closing terms, as extracted: Closing Date may be extended by consent of the Receiver and Purchaser, provided closing occurs within 30 days of the Order.
Source: Approval and Vesting Order
LT All Parties serving Notice of Application & Receiver's Rerport — Application / notice of application
The officer filed a report. REM is a holding company with no active operations; REMDC SAS, the non-receivership Colombian subsidiary, halted production at its gold mine in July 2018 for lack of funding. The Receiver seeks court approval to sell the REMDC shares to Eagle Gold Mining Inc. and then plans distribution and discharge by about end of February 2020.
The officer filed report no. First Interim Report. REM was a holding company with no active operations; its Colombian subsidiary REMDC SAS (not in the receivership) ceased mine production in July 2018 for lack of funding, and the Receiver is assisting in discussions with interested parties about a capital injection or share purchase. The receivership is expected to be completed by the end of July 2019.
Source: REM Notice to Creditors to REM First Interim Report of the Receiver
The officer filed report no. First Interim Report. REM is a holding company with no active operations; mining at its Colombian subsidiary's mine ceased in July 2018 for lack of funding. The receivership is winding down, having credit-bid the Fernando Claim to the secured creditors, with completion anticipated by end of July 2019.
Source: REMDC Notice to Creditors to REMDC First Interim Report of the Receiver
The officer filed report no. First Report of the Receiver. REM was a holding company with no active operations; production at the Colombian gold mine run by subsidiary REMDC SAS (not in receivership) was stopped in July 2018 for lack of funding. The Receiver is helping seek a capital injection to restart the mine, and expects the receivership to be completed by the end of March 2019.
The officer filed report no. First Report of the Receiver. REM was a holding company with no active operations; its subsidiary REMDC SAS stopped production and processing at the Colombian gold mine in July 2018 for lack of funding. The Receiver is assisting in discussions with parties who may inject capital to restart the mine, and anticipates completing the receivership by end of March 2019.
Source: First Report of the Receiver
Court appointed FTI Consulting, Inc. Receiver and Manager on Orion's application under s. 243(1) BIA and s. 39 of the Law and Equity Act.
Source: Entered Order made after Application (Receivership Order) pronounced November 21, 2018
Debtor
Red Eagle Mining Corporation
Receiver
FTI
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Walker | Supreme Court of British Columbia | 1 order, Nov 2018 | 31 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Lawson Lundell LLP | 21 Nov 2018 | Application · 21 Nov 2018 |
| CreditorTime Estimate | Lawson Lundell LLP | 21 Nov 2018 | Application · 21 Nov 2018 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Orion Fund JV LimitedGuarantee and security agreement granted by REMDC in support of a loan to REMDC's parent company — Claim amount stated as approximate; REMDC's security obligation arises from a guarantee/security agreement supporting a loan advanced to its parent company (related-party financing structure) — debtor: REMDC Holdings Limited | $79.9M USD | Receiver's section 245 report |
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
3 transactions · 1 proposed · 1 not completed · 1 approved — Receiver recommends approval of the Assignment Agreements and Eagle PSA which will transition the assets to new ownershipThird Report of the Receiver · 14 Mar 2022
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Orion Fund JV Limited and Liberty Metals and Mining Holdings LLCthe Fernando Claim · asset sale | Subscribers | Proposed | First Report of the Receiver |
| Eagle Gold Mining Inc.all of the issued and outstanding shares of REMDC · share sale · nominee/assignee: Orion or its nominee · agreement 10 Jan 2020 | Subscribers | Not completed | Approval and Vesting Order |
| Eagle Gold Mining Inc.the Purchased Shares and the Intercompany Debt (the 'Purchased Property') · assets and shares · agreement 7 Mar 2022 | Subscribers | Approved | Third Report of the Receiver |
Unsecured creditors: no distribution. Senior Lender short.EstimatedThird Report of the Receiver · 17 Jan 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | no distribution | Estimatedper the receiver | Third Report of the Receiver · 17 Jan 2020 |
| Secured | Orion Fund JV Limited and Liberty Metals and Mining Holdings LLC | — | shortfall | Estimatedper the receiver | First Report of the Receiver · 19 Mar 2019 |
| Secured | Senior Lender | — | shortfall | Estimatedper the receiver | REM Notice to Creditors to REM First Interim Report of the Receiver · 20 May 2019 |
| Unsecured | unsecured creditors of REM | — | no distribution | Estimatedper the receiver | Third Report of the Receiver · 17 Jan 2020 |
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.
Cumulative receipts
$15
As at 17 Jan 2020Receiver's Report - REMDC Transaction
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Filed Notice of Application returnable March 14, 2022 | PDF · Subscribers | |
| LT All Parties serving Notice of Application & Receiver's Report | PDF · Subscribers | |
Third Report of the Receiver
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
| Sealing Order | PDF · Subscribers | |
First Report of the Receiver
| PDF · Subscribers | |
| LT All Parties serving Notice of Application & Receiver's Rerport | PDF · Subscribers | |
| Model Approval and Vesting Order | PDF · Subscribers | |
| Notice of Application | PDF · Subscribers | |
| Notice of Civil Claim | PDF · Subscribers | |
Receiver's Redacted report
| PDF · Subscribers | |
Receiver's Report - REMDC Transaction
| PDF · Subscribers | |
REM Notice to Creditors to REM First Interim Report of the Receiver
| PDF · Subscribers | |
REMDC Notice to Creditors to REMDC First Interim Report of the Receiver
| PDF · Subscribers | |
Receiver's Report - Fernando Claim
| PDF · Subscribers | |
REMDC Holdings Notice to Creditors
| PDF · Subscribers | |
Red Eagle Mining Corp. Notice to Creditors
| PDF · Subscribers | |
| Affidavit of Amanda Simister - Part 1 of 3 | PDF · Subscribers | |
| Affidavit of Amanda Simister - Part 2 of 3 | PDF · Subscribers | |
| Affidavit of Amanda Simister - Part 3 of 3 | PDF · Subscribers | |
Application Record Index
| PDF · Subscribers | |
Entered Order made after Application (Receivership Order) pronounced November 21, 2018
| PDF · Subscribers | |
| Filed Affidavit #1 of Jon Lamb | PDF · Subscribers | |
| Filed Notice of Application returnable Nov 21, 2018 | PDF · Subscribers | |
| Filed Notice of Civil Claim | PDF · Subscribers | |
Filed Requisition for Short Leave
| PDF · Subscribers | |
Receiver's section 245 report
| 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., “Red Eagle Mining Corporation” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/red-eagle-mining-corporation
Sources last checked · summary updated 20 August 2026 · Report a correction · Printed from proceedings.ca/case/red-eagle-mining-corporation
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.