Quebec · Proposal

Notice of Proposal to Creditors

Notice to creditors · 12 January 2018

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: Stated deficiency $772,232.75; surplus NIL. Liabilities: unsecured creditors $3,397,305.04, balance of secured claims $127,846.40 (total unsecured $3,525,151.44), secured creditors $455,796.31, preferred $0.00, contingent/trust $0.00. Major assets: bills of exchange/promissory notes $2,072,398.00, other property $961,730.00, inventory $110,129.00, cash $46,681.00, receivables $17,776.00. · as at: 2018-01-03 · basis: Statement of Affairs (Form 78, Business Proposal) 'as stated and estimated by the officer', sworn by Dirk Naumann on the 3rd day of January 2018 · scope: Quest Rare Minerals Ltd. (single entity, original statement of affairs) · currency: CAD · total assets: 3208715 · total liabilities: 3980947.75