Ontario · CCAA
Forty Fourth Report of the Monitor
Court officer report · 17 June 2024
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 filing6 verified
- cash on handnote: Cash and cash equivalents of approximately $69.24 million as at April 30, 2024; as at March 31, 2024 the balance was approximately $69.54 million (about $5.2 million higher than forecast). · as at: 2024-04-30 · amount: 69240000 · currency: USD · qualifier: approximately
- disbursementsnote: Total actual disbursements for October 1, 2023 to March 31, 2024 (period, from the Appendix A variance statement): general corporate expenses (2,130) and arbitration and CCAA costs (4,979), in US $000. Forecast for the period was (10,324). · since: 2023-10-01 · amount: 7108000 · currency: USD
- operational summaryCrystallex remains in CCAA protection with a stay extended to December 12, 2024, pursuing its arbitration award against Venezuela and funded by DIP financing from Tenor. Management assumes no payments will be received from Venezuela, and none made to the DIP lender, during the April-September 2024 projection period.
- receipts cumulativenote: Total actual receipts for October 1, 2023 to March 31, 2024 (period, from the Appendix A variance statement); consists of interest earned on term deposits and securities and HST refunds, with no Venezuela payments. Figure is in US $000 (1,953). · since: 2023-10-01 · amount: 1953000 · currency: USD
- report date5 June 2024
- report noForty-Fourth Report