Ontario · CCAA
Thirty-Ninth Report of the Monitor, dated May 18, 2022
Court officer report · 18 May 2022
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing4 verified
- cash on handnote: Stated as approximately $85.7 million, $4.1 million higher than forecast, primarily due to lower than forecast Arbitration and CCAA costs. Elsewhere the report refers to March 31, 2022 as the reporting date. · as at: 2022-03-30 · amount: 85700000 · currency: USD · qualifier: approximately
- operational summaryCrystallex continues CCAA proceedings and enforcement efforts on its US$1.2 billion arbitral Award against Venezuela, funded by DIP financing (about $172.6 million owed). Management projects no payments from Venezuela and no DIP repayments in the projection period, and expects to sustain operations through the proposed stay period.
- report date18 May 2022
- report noThirty-Ninth Report