British Columbia · Bankruptcy
Trustee's Preliminary Report
Court officer report · 28 October 2026
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 filing14 verified
- appointeeMNP Ltd.
- appointee roleTrustee
- commencement date9 October 2026
- court file no11-3435357
- unsecured creditorsnote: Deemed trust class (potential): subject to examination by the CRA and may give rise to a deemed trust claim that would take priority over professional fees. Document describes it as potential secured/priority claim; as_of date not stated. · page: 3 · basis: Trustee's review of the Company's CRA tax accounts as reflected in the Company's books and records; approximate · amount: 1515385 · debtor: D & L Mining Corp. · creditor: Canada Revenue Agency (unremitted payroll source deductions) · currency: CAD
- unsecured creditorsnote: Preferred/priority claim; secured against the Company's current assets pursuant to s. 81.3(1) BIA. Separately, eight former-employee proofs of claim total approximately $100,675, of which approximately $53,950 is eligible under WEPP, with the balance an unsecured claim against the Estate. · page: 3 · basis: Trustee's estimate of Service Canada priority claim for unpaid wages payable under WEPP · amount: 16850 · debtor: D & L Mining Corp. · creditor: Service Canada (WEPP, unpaid wages) · currency: CAD
- unsecured creditorsnote: Document names no individual creditors for this aggregate. Separately, as at the report date (2026-10-28) the Trustee had received 12 proofs of claim, 9 accepted; accepted unsecured claims total approximately $1,118,202 (proofs accepted, not the reported total). · page: 3 · as of: 2026-10-09 · basis: Company listed ordinary unsecured creditors with claims totalling approximately $18.7 million on the Filing Date (Company's own listing; books and records not audited by the Trustee) · amount: 18700000 · debtor: D & L Mining Corp. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- cash on handnote: Company-reported on the Filing Date; not Trustee-verified. · as at: 2026-10-09 · amount: 35000 · currency: CAD
- financial positionnote: No asset or liability total stated; components only, reported verbatim: as at the Filing Date (October 9, 2026) the Company reported cash on hand totalling $35,000 and machinery and equipment totalling approximately $510,000; ordinary unsecured creditors with claims totalling approximately $18.7 million. Potential priority/secured claims noted by Trustee: unremitted payroll source deductions of approximately $1,515,385 (subject to CRA examination) and WEPP priority claim of approximately $16,850. · basis: Company-reported on the Statement of Affairs; Trustee notes realizable values of these assets may materially differ from what was stated on the Statement of Affairs. Books and records not reviewed or audited by the Trustee. · scope: D & L Mining Corp. (single entity) · currency: CAD
- insolvency professionalBryan Krol
- insolvency professionalBryan Krol
- operational summaryThe Company has ceased operations at the Wingdam Mine following its assignment in bankruptcy; its former employees are no longer engaged and the equipment remains secured on OMM's property while the Trustee develops a realization strategy. The Trustee disclaimed the Company's interest in the Operating Agreement effective October 22, 2026.
- report date28 October 2026
- report noTrustee's Preliminary Report