British Columbia · Receivership (court-appointed)
Third Report of the Receiver
Court officer report · 6 March 2024
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What we verified from this filing10 verified
- cash on handnote: Ending cash per Statement of Receipts and Disbursements for period ending February 27, 2024 · as at: 2024-02-27 · amount: 100000 · currency: CAD · qualifier: approximately
- disbursementsnote: 32 Week Period Ending February 27, 2024 · since: July 20, 2023 · amount: 661000 · currency: CAD
- operational summaryThe receiver conducted a sale process for the mining assets of Eagle Graphite Corporation, which had ceased production since around 2013, ultimately obtaining Weaver's credit-bid offer as the successful bid after a prior purchaser defaulted.
- professional feesnote: Collectively totaling Receiver's and legal counsel's professional fees; table shows Receiver's Fees ($111,000) and Legal Fees ($134,000) separately · party: Receiver and its legal counsel · amount: 245000 · period: July 20, 2023 to February 27, 2024 · currency: CAD
- purchaserWeaver Capital Corp.; price: sealed: false · scope: the Purchased Assets of EGC · status: not_completed · name note: referred to as '142' in the report; a prior bidder whose transaction did not close · structure: assets · name source: recital · relationship: unstated
- receipts cumulativenote: 32 Week Period Ending February 27, 2024 · since: July 20, 2023 · amount: 761000 · currency: CAD
- report date5 March 2024
- report noThird Report
- sale outcometext: Receiver seeking approval of the Weaver APS and a vesting order · scope: whole_business · status: pending_approval
- stalking horseWeaver Capital Corp.