Yukon Zinc Corporation
- Proceeding
- NOIBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- File
- B-190481
- Industry
- Mining · Base & battery metals
Yukon Zinc Corporation filed a notice of intention dated July 31, 2019 under subsection 50.4(1) of the Bankruptcy and Insolvency Act, and the British Columbia proceeding remains active under Alvarez & Marsal Canada Inc. as licensed insolvency trustee, estate number 11-2541152. On the preliminary list of creditors submitted by the debtor without admission as to liabilities, Welichem is the largest secured claimant at $11,400,000.00, followed by Phoenix Global Investment Inc. at $2,315,000.00, Jing You Lu at $427,130.50 and Jinduicheng Canada Resources Corporation Limited at $250,000.00. The Yukon Government claims $311,247.36 in property tax, BQE Water Inc $279,720.00 and Northern Enviro Services $184,852.82, and employee claims are listed in aggregate at $207,338.87.
Government of Yukon Notice of Hearing on September 13, 2019 (September 6, 2019) — Notice of hearing
The officer filed report no. First Report. The Wolverine Mine has been shuttered under a care and maintenance program since January 2015. The company has limited cash and relies on a proposed $3.0 million interim lending facility to fund care and maintenance and government-directed remediation costs while pursuing a proposed share purchase transaction.
Supplemental Information from Proposal Trustee - Unfunded Security Deposit (August 15, 2019) — Stakeholder communication
Notice of Intention To Make a Proposal (July 31, 2019) was filed.
Source: Notice of Intention To Make a Proposal (July 31, 2019)
Yukon Zinc Corporation filed a notice of intention dated July 31, 2019 under subsection 50.4(1), naming Alvarez & Marsal Canada Inc. as licensed insolvency trustee in estate number 11-2541152.
Source: Certificate of Filing of a Notice of Intention to Make a Proposal (July 31, 2019)
Debtor
Yukon Zinc Corporation
Proposal trustee
Alvarez & Marsal
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Sewell | Supreme Court of British Columbia | 1 order, Aug 2019 | 6 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeAlvarez & Marsal | Borden Ladner Gervais LLP | 15 Aug 2019 | Application · 15 Aug 2019 |
| DebtorYukon Zinc Corporation | Fasken Martineau DuMoulin LLP · Thornton Grout Finnigan LLP | 27 Aug 2019 | Service list · 27 Aug 2019 |
| CreditorWelichem Research General Partnership | Whitelaw Twining LLP | 27 Aug 2019 | Service list · 27 Aug 2019 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Welichem · in 2 casesPreliminary list of creditors as submitted by the Debtor without admission as to liabilities — debtor: Yukon Zinc Corporation · as of 31 Jul 2019 | $11.4M | List of Creditors (July 31, 2019) |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
54 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans| Date | Document | File |
|---|---|---|
| Order re Substitution of Trustee in Banrkuptcy (October 11, 2019) | PDF · Subscribers | |
| Government of Yukon Notice of Hearing on September 13, 2019 (September 6, 2019) | PDF · Subscribers | |
Proposal Trustee's Material Adverse Change Report (September 5, 2019)
| PDF · Subscribers | |
Service List (August 27, 2019)
| PDF · Subscribers | |
Order re Administration Charge, Interim Lending Facility and Extension (August 22, 2019)
| PDF · Subscribers | |
| Affidavit #1 of Suzanne Volkow Sworn August 20, 2019 (August 21, 2019) | PDF · Subscribers | |
Proposal Trustee's First Report (August 19, 2019)
| PDF · Subscribers | |
Notice of Application (August 15, 2019)
| PDF · Subscribers | |
| Supplemental Information from Proposal Trustee - Unfunded Security Deposit (August 15, 2019) | PDF · Subscribers | |
| Affidavit #1 of Aihua Dang Sworn August 14, 2019 (August 15, 2019) | PDF · Subscribers | |
Reasons for Judgment re Limited Lifting of Stay (August 7, 2019)
| PDF · Subscribers | |
Certificate of Filing of a Notice of Intention to Make a Proposal (July 31, 2019)
| PDF · Subscribers | |
List of Creditors (July 31, 2019)
| PDF · Subscribers | |
Notice of Intention To Make a Proposal (July 31, 2019)
| PDF · Subscribers | |
| Trustee Consent of Proposal (July 31, 2019) | 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., “Yukon Zinc Corporation” (NOI), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/yukon-zinc-corporation