British Columbia · CCAA
Fourth Report of the Monitor
Court officer report · 16 December 2022
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What we verified from this filing5 verified
- cash on handnote: Actual Total Cash and Cash Equivalents per six-week cash flow variance table (US$'000 scale); forecast was $3,212,000 · as at: 2022-12-09 · amount: 492000 · currency: USD
- operational summaryThe Company has ceased active restructuring efforts after the Coricancha sale collapsed and the CCAA SISP failed to attract any binding offers, and it has now filed the Termination Application to end the CCAA proceedings and make a voluntary assignment into bankruptcy, with the Monitor consenting to act as trustee.
- professional feesnote: Actual figure per cash flow variance table (US$'000 scale); forecast was $333,000, unfavourable variance $22,000. Separately, the report also notes restructuring professional fees totaling $63,400 among the December Payments for the week ending December 16, 2022. · party: restructuring professionals (unspecified) · amount: 354000 · period: six weeks ended December 9, 2022 · currency: USD
- report date15 December 2022
- report noFourth Report of the Monitor