British Columbia · CCAA
Twelfth Report of the Monitor
Court officer report · 6 May 2024
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 filing5 verified
- cash on handas at: 2024-05-06 · amount: 1000 · currency: CAD · qualifier: approximately
- operational summaryThe Company is continuing its CCAA proceedings and sale/investment solicitation process, but potential purchasers have not delivered (a US$220 million HD Mining deposit was not received and another purchaser is pending a decision), and the Company's ability to fund the proceedings is becoming more challenging.
- professional feesnote: Outstanding invoices: DLA Piper LLP $129,742 and FTI Canada Consulting Inc. $3,288; Bennett Jones LLP has no outstanding invoices and holds a $29,074 retainer. Total retainers held $29,074 reflected in exposure; the stated approximately $133,000 aggregate is outstanding. · party: DLA Piper LLP, FTI Canada Consulting Inc. (Monitor) and Bennett Jones LLP (aggregate unpaid exposure) · amount: 133029 · period: October 2023 to March 2024 invoices outstanding · currency: CAD
- report date6 May 2024
- report noTwelfth Report