Alberta · CCAA
01. First Report of the Monitor
Court officer report · 26 January 2009
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 filing2 verified
- secured creditorsnote: Related party: VCI is BA Energy Inc.'s parent company; funding and security not yet approved/advanced as of report date · page: 8 · debtor: BA Energy Inc. · creditor: Value Creation Inc. (VCI) · currency: CAD · security: Proposed secured charge over BA Energy Inc. assets to secure $5 million priority secured funding, terms to be directed by Court
- secured creditorsnote: Total value of letters of credit approximately $3.4 million; Court approved Bank to apply cash collateral to drawings on the letters of credit · page: 12 · as of: 2009-01-23 · amount: 3400000 · debtor: BA Energy Inc. · creditor: Toronto-Dominion Bank · currency: CAD · security: Cash collateral securing five letters of credit issued on behalf of BA Energy Inc.