Nova Scotia · CCAA
Third Report of the Proposal Trustee
Court officer report · 30 October 2024
What we verified from this filing6 verified
- report noThird Report
- operational summaryThe Company operates two owned Production Facilities (Sheet Harbour Chipping Facility and Musquodoboit Pellet Mill Facility) and generated positive net cash flow from operations of approximately $5.8 million from the NOI Filing Date through October 18, 2024, driven by realization of pre-filing receivables and inventory conversions (Kemexon receivable, AGT chip sale, and CMB pellet contract), while temporarily suspending chipping operations to manage working capital.
- receipts cumulativeamount: 9822198 · currency: CAD
- cash on handamount: 5761970 · currency: CAD
- professional feesamount: 400000 · currency: CAD
- report date30 October 2024