Alberta · CCAA

Monitor’s Fifth Report to Court

Court officer report · 29 May 2013

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 filing1 verified

recovery outcomeentries: basis: estimated · quote: Assuming the sale to Rockwater closes, as per the APA, the Monitor currently considers that the net proceeds received from the Rockwater sale coupled with the proceeds expected to be received from the Company's few remaining non-operating assets will result in a significant shortfall to the Lending Syndicate, the Company's principal secured creditor. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Lending Syndicate · creditor name: Lending Syndicate · interim final: unstated · conditional on: Assuming the sale to Rockwater closes · claims qualifier: unstated · stated on: 2013-05-29 · table missing: