Ontario · Receivership (court-appointed)
Supplement to the Third Report dated August 4, 2020.pdf
Court officer report · 4 August 2020
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 filing7 verified
- cash on handas at: 2020-07-17 · amount: 123778 · currency: CAD
- disbursementsnote: Figure taken from the Receiver's Final Statement of Receipts and Disbursements as at July 17, 2020. · amount: 2702060 · currency: CAD
- operational summaryDespite years of sustained efforts by the Receiver and West Face to find or develop a private sector solution for the Tulsequah Project, the Property remains unsold and no credible interested parties have emerged, leading the Receiver to seek its discharge while West Face continues pursuing a sale.
- professional feesnote: Bennett Jones LLP, legal counsel to the Receiver, incurred total costs of $580,434.32 (including fees, disbursements and HST) for the same period; additional fees since the Third Report (the 'Additional Fees') were also incurred but not quantified. · party: Receiver (Grant Thornton Limited) · amount: 280554.63 · period: May 1, 2017 to May 31, 2019 · currency: CAD
- receipts cumulativenote: Figure taken from the Receiver's Final Statement of Receipts and Disbursements as at July 17, 2020; start date of the cumulative period is not explicitly restated in this document. · amount: 2825838 · currency: CAD
- report date4 August 2020
- report noSupplement to the Third Report