Quebec · Receivership (court-appointed)
Third Interim Report of the Receiver
Court officer report · 29 September 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 filing7 verified
- cash on handnote: Figure from the interim statement of receipts and disbursements (Appendix B) for March 30, 2022 to August 31, 2023. · as at: 2023-08-31 · amount: 125718.46 · currency: CAD · qualifier: amount held in trust by the Receiver
- disbursementssince: March 30, 2022 (receivership appointment), to August 31, 2023 · amount: 2462670.51 · currency: CAD
- operational summaryThe Receiver is maintaining and preserving the partially completed Flora Project while pursuing a new construction permit (the prior permit was held no longer valid as of April 1, 2023). No concrete offers have been made by potential buyers, and realization of assets is expected within three to six months.
- professional feesnote: Receiver fees exclude GST/QST (GST $19,627.26 and QST $39,156.31 charged on Receiver remuneration, total $58,783.57). Legal fees/disbursements are $231,346.91 plus GST $11,542.31 and QST $23,026.88. A separate 'Professional Fees' disbursement line of $16,024.50 also appears. · party: Receiver (MNP Ltd.) · amount: 391920.2 · period: March 30, 2022 to August 31, 2023 · currency: CAD
- receipts cumulativenote: Includes $1,200,000 DIP financing and $402,534.86 advance from secured creditor. · since: March 30, 2022 (receivership appointment), to August 31, 2023 · amount: 2588388.97 · currency: CAD
- report date29 September 2023
- report noThird Interim Report of the Receiver