Ontario · CCAA
Forty Second Report of the Monitor
Court officer report · 17 November 2023
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 filing6 verified
- cash on handnote: Cash and cash equivalents; as at September 30, 2023 the balance was approximately $74.70 million, $5.73 million higher than forecast. · as at: 2023-10-31 · amount: 73770000 · currency: USD · qualifier: approximately
- disbursementsnote: Actual total disbursements for the six-month variance period (general corporate expenses $910K; arbitration and CCAA costs $5,113K); not cumulative since the filing date. · since: April 1, 2023 (period April 1, 2023 to September 30, 2023) · amount: 6024000 · currency: USD
- operational summaryCrystallex remains in CCAA protection with no operations beyond pursuing enforcement of its US$1.2 billion arbitration Award against Venezuela, funded by cash reserves and DIP financing. Management assumes no payments from Venezuela or to the DIP lender through March 2024 and projects it can sustain activities through the proposed stay period.
- receipts cumulativenote: Actual total receipts for the six-month variance period (Venezuela and Other Receipts, mainly interest on term deposits and HST refunds); not cumulative since the filing date. · since: April 1, 2023 (period April 1, 2023 to September 30, 2023) · amount: 1947000 · currency: USD
- report date17 November 2023
- report noForty-Second Report