Ontario · CCAA
Forty-First Report of the Monitor, dated May 18, 2023
Court officer report · 18 May 2023
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 filing6 verified
- cash on handnote: Cash and cash equivalents as at April 30, 2023. As at March 31, 2023 the balance was approximately $78.8 million (ending cash balance 78,774 thousand), $7.7 million higher than forecast. · as at: 2023-04-30 · amount: 78200000 · currency: USD · qualifier: approximately
- disbursementsnote: Actual total disbursements for the six-month period: general corporate expenses 1,332 thousand and arbitration and CCAA costs 2,973 thousand, versus forecast 10,310 thousand. · since: October 1, 2022 (period October 1, 2022 to March 31, 2023) · amount: 4305000 · currency: USD
- operational summaryCrystallex remains under CCAA protection funded by DIP financing while pursuing enforcement of its US$1.202 billion arbitration award against Venezuela; it projects it can sustain operations through the proposed stay period with no payments expected from Venezuela.
- receipts cumulativenote: Actual total receipts for the six-month variance period, mainly interest earned on term deposits and securities plus HST refunds; no forecast receipts from Venezuela. · since: October 1, 2022 (period October 1, 2022 to March 31, 2023) · amount: 1718000 · currency: USD
- report date18 May 2023
- report noForty-First Report of the Monitor