British Columbia · CCAA
First Monitor’s Report
Court officer report · 13 October 2022
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 filing15 verified
- applicantGreat Panther Mining Limited
- appointeeAlvarez & Marsal Canada Inc.
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noS-227894
- appointee rolemonitor
- commencement date4 October 2022
- proceeding typeccaa
- statutory basisCompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- cash on handnote: Closing cash available $4,540 thousand plus GIC $151 thousand; amounts per the variance table are in thousands (reported in USD). · as at: 2022-10-07 · amount: 4691 · currency: USD · qualifier: total cash and cash equivalents, in thousands of USD, as at end of the Reporting Period
- disbursementsnote: This is a two-week period figure (in thousands USD) of total disbursements vs forecast of $5,334 thousand, not a cumulative-since-filing total. · since: September 24, 2022 (the two-week Reporting Period ended October 7, 2022) · amount: 5259 · currency: USD
- operational summaryGPR continues to operate in the ordinary course under CCAA protection, buying and selling gold (Mina Tucano purchases, Asahi sales) while keeping the Coricancha Mine on care and maintenance pending its sale to Newrange and preparing a CCAA SISP to market Mina Tucano.
- professional feesnote: Actual figure of $149 thousand (in thousands USD) vs forecast of $147 thousand for the Reporting Period; amount is as presented in the cash flow table with no tax treatment stated. · party: restructuring professionals (Company's counsel, Monitor and its counsel, per cash flow notes) · amount: 149 · period: two weeks ended October 7, 2022 (actual); forecast $152 thousand for Oct 8 to Nov 4, 2022 · currency: USD
- receipts cumulativenote: This is a two-week period figure (in thousands USD) of total receipts, not a cumulative-since-filing total; the Monitor states no cumulative receipts figure. · since: September 24, 2022 (the two-week Reporting Period ended October 7, 2022) · amount: 7564 · currency: USD
- report date13 October 2022
- report noFirst Report