Ontario · Receivership (court-appointed)
Seventeenth Report of the Receiver dated July 10, 2023
Court officer report · 10 July 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
- closing confirmedscope: the MJar 2.0 Companies (AmalCo and Highgrade) · outcome: completed · effective: 2023-05-11 · purchaser: 14881729 Canada Inc. · date basis: stated · approval order date: 2023-04-03; scope: assets of CFI · outcome: completed · effective: 2023-06-12 · date basis: stated · approval order date: 2023-06-06
- process resultslois: 1 · ndas: 11 · note: AMI SISP initial phase results · as of: 2022-07-01 · solicited: 50
- purchaserprice: sealed: false · scope: to purchase 100% of the shares of AMI from GFAC · status: proposed · name note: unnamed purchaser under LOI to acquire AMI shares from GFAC · structure: shares · name source: recital · relationship: unstated; 14881729 Canada Inc.; price: sealed: false · scope: assets of CFI (Canada Fluorspar) · status: closed · name note: New CFI Successful Bidder, unnamed third party · structure: shares · name source: recital · relationship: unstated · agreement date: 2023-05-26; 2806401 Ontario Inc
- recovery outcomeentries: basis: unstated · quote: No distributions will be made to stakeholders absent further order of the Court. · pct of: unstated · outcome: nil · stated by: receiver · class label: stakeholders (AMI Transaction proceeds) · interim final: unstated · conditional on: absent further order of the Court · claims qualifier: unstated; basis: actual · quote: By order dated April 3, 2023, the Court approved an interim distribution to Bridging in the Allied receivership proceeding in the amount of approximately $7,566,504. · pct of: unstated · outcome: distribution · stated by: receiver · amount low: 7566504 · amount high: 7566504 · class label: Bridging (Allied receivership) · creditor name: Bridging · interim final: interim · claims qualifier: unstated · stated on: 2023-07-10 · table missing:
- sale advisorStifel Nicolaus Canada Inc.
- stalking horse2806401 Ontario Inc (Allied)