British Columbia · CCAA
Fifteenth Report of the Monitor
Court officer report · 7 August 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 filing7 verified
- cash on handas at: 2024-08-04 · amount: 22119 · currency: CAD · qualifier: approximately
- disbursementsnote: Reported in CAD thousands (1,316); net change in cash (1,315); funded by DIP financing of 1,337. · since: commencement of the proceedings (114-week period ending August 4, 2024) · amount: 1316000 · currency: CAD
- operational summaryThe Company has no operating revenue and is in a CCAA sale process for its Wapiti and Bullmoose projects, seeking a short stay extension to August 30, 2024 so the DIP Lender can prepare a stalking horse offer and sale process documents.
- professional feesnote: Cumulative actual professional fees paid since commencement, shown in CAD thousands in the cash flow table (1,031). July 2024 fees recently issued and currently outstanding; certain other invoices of the Monitor and Company's counsel were paid by Mrs. Liu's personal credit card and are not included in the table. · party: Professionals (Monitor, counsel and others) per actual cash flow · amount: 1031000 · period: 114-week period ending August 4, 2024 · currency: CAD
- receipts cumulativenote: Table shows 'Other' receipts of 1 (CAD thousands); the Total Receipts line is blank in the table. DIP financing advances of $1,337 thousand are shown separately and are not counted as receipts. · since: commencement of the proceedings (114-week period ending August 4, 2024) · amount: 1000 · currency: CAD
- report date7 August 2024
- report noFifteenth Report