British Columbia · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 21 November 2023
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What we verified from this filing10 verified · 1 withheld
- cash on handnote: Ending cash balance per 18-week Statement of Receipts and Disbursements (CAD thousands, table value 583). · as at: 2023-11-20 · amount: 583000 · currency: CAD
- disbursementsnote: Includes professional fees, bank charges and operating expenses. · since: 18 Week Period Ending November 20, 2023 · amount: -39000 · currency: CAD
- operational summaryEagle Graphite's mining operations at the Black Crystal site have been dormant since around 2013, and the Receiver has been focused on running a sale process to sell the company's assets rather than any ongoing production.
- process resultsbids: 1 · ndas: 5 · note: 36 parties identified plus 5 additional parties contacted the Receiver, totaling 41 solicited; one offer received besides stalking horse · as of: 2023-09-25 · solicited: 41 · qualified bids: 1
- professional feesnote: As of October 31, 2023, Receiver has accrued and unpaid accounts receivable of approximately $67,000, and Receiver's legal counsel has accrued and unpaid accounts receivable of approximately $53,000. · party: Receiver and Receiver's legal counsel · amount: 32000 · period: 18 Week Period Ending November 20, 2023 · currency: CAD
- purchaser1420027 B.C. Ltd.; Weaver Capital Corp.
- receipts cumulativenote: Cumulative receipts include $570,000 sale deposit, $50,000 Receiver Certificate borrowing, and $2,000 bank interest. · since: 18 Week Period Ending November 20, 2023 · amount: 622000 · currency: CAD
- report date21 November 2023
- report noSecond Report
- sale outcometext: Receiver seeks approval of the APS and an order vesting EG's assets to 142; not yet closed · scope: whole_business · status: pending_approval
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.