Quebec · Court officer
First report of the Provisional administrator
Court officer report · 15 November 2024
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 filing1 verified
- financial positionnote: Liabilities include: Créditeurs et charges à payer (accounts payable/accrued) $648,805; Impôts à payer (taxes payable) $44,095; Dû à des sociétés affiliées (due to affiliated companies, related-party) $556,237; Dette à long terme (long-term debt) $495,475; Dû aux actionnaires (due to shareholders, related-party) $150,000. Document does not characterize any of these liabilities as secured or unsecured; no formal creditor claims process is described in this report, which is a preliminary investigative report by a court-appointed Provisional Administrator, not a receivership/BIA claims filing. Separate (non-aggregated) balance sheets are also presented for the Solstar Entities as at June 30, 2024 (Capital Solstar Inc., Fonds Solstar Capital Inc., Pharma Solstar Inc. - see p.17) showing negative net equity in two of the three entities, but no combined total is stated by the document for these entities, so they are not reflected in the totals above. · page: 14 · as at: 2024-07-31 · basis: unaudited summary balance sheet prepared for the Provisional Administrator · scope: Combined (not consolidated) balance sheet of the five WH Entities subject to the provisional administration order: VMWH (Whitehaven Securities Inc.), GAWH (Whitehaven Asset Management Inc.), PWH (Whitehaven Holdings Inc.), WHCR (Whitehaven Venture Inc.), and WHC (Whitehaven Capital Inc.); figures are individually presented per entity with a stated 'Total' column used here. Excludes WHCF and WHI, which are not subject to the Order. · currency: CAD · total assets: 4286744 · total liabilities: 1894612