British Columbia · CCAA
Monitor’s Fourth Report – May 16, 2014
Court officer report · 16 May 2014
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 filing5 verified
- cash on handnote: Actual closing cash balance for the period November 11, 2013 to May 4, 2014, versus a budgeted closing balance of $275,448. · as at: 2014-05-04 · amount: 25591 · currency: CAD
- operational summaryThe Companies are keeping the Treasure Mountain Mine and the Mill on care and maintenance, funded by DIP advances from Waterton. Management is marketing the assets individually or en bloc and working toward a Plan of Arrangement, and is seeking a stay extension to October 1, 2014.
- professional feesnote: Approximate remaining outstanding balance due for professional fees of the Monitor and its counsel, after prior instalment payments totaling $210,000 were fully drawn upon. No payments were made to the Monitor during the November 11, 2013 to May 4, 2014 period. Whether tax is included is not stated. · party: Monitor and Monitor's legal counsel · amount: 40000 · currency: CAD
- report date16 May 2014
- report noFourth Report