British Columbia · Receivership (court-appointed)
Receiver's Report - REMDC Transaction
Court officer report · 31 January 2020
A plain-language read of this filing opens with a subscription.
What we verified from this filing3 verified
- purchaserEagle Gold Mining Inc.; Orion Fund JV Limited
- recovery outcomeentries: basis: estimated · quote: The Receiver does not anticipate any payment will be made to the Secured Lenders from the available funds. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: Secured Lenders · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Secured Lenders will suffer a shortfall on their secured claim. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Secured Lenders · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Accordingly, there will be no funds available for the unsecured creditors of REM. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors of REM · interim final: unstated · claims qualifier: unstated · stated on: 2020-01-17 · table missing:
- sale outcometext: Request for the approval of the sale of the shares of REMDC to Eagle Gold Mining Inc. · scope: whole_business · status: pending_approval