British Columbia · CCAA
Sixteenth Report of the Monitor
Court officer report · 29 August 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 filing4 verified
- cash on handas at: 2024-08-28 · amount: 42000 · currency: CAD · qualifier: approximately
- operational summaryThe Company is continuing its restructuring under CCAA protection, funded by DIP Lender advances, while running a sale process for its Wapiti and Bullmoose coal projects. A DIP Lender offer ($600,000) and an Unsolicited Purchaser stalking horse bid ($400,000) are competing, and the Company is seeking a short stay extension to allow binding offers.
- report date29 August 2024
- report noSixteenth Report