Quebec · Proposal

Minutes of the creditors' meeting (availaible in French only)

Meeting materials · 27 August 2019

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 filing1 verified

financial positionnote: No stated totals found in the readable text. Components only: assets at book value $13,141,844 (liquidation value $2,259,334 per trustee's table, OCR-garbled); secured creditor claims listed include TD $9,750,000 (liquidation-value recovery $1,887,713), BDC $1,816,541; unsecured claims listed total $21,805,976 (incl. 9377-6383 Québec Inc. $10,242,767, Logistique LM $3,617,935, Pomerleau $3,452,938, Gerdau $1,544,783). Retained deficit $19.5M at April 30, 2019 ($22.3M at June 30, 2019). Meeting minutes record a later secured claim by Dalcon Inc. of $724k not on the statutory balance sheet. · as at: 2019-08-06 · basis: Unaudited internal balance sheet figures provided by the debtor (trustee did not audit or examine the books); liquidation values are estimates made in consultation with the debtor · scope: Acier Orford Inc. (single entity) · currency: CAD