What we verified from this filing9 verified
- cash on handas at: 2025-11-21 · amount: 248000 · currency: CAD · qualifier: approximately
- closing confirmedscope: the Amalgamation Agreement · outcome: not_completed · effective: 2025-08-30 · purchaser: the Successful Bidder · date basis: stated
- operational summaryThe Companies' operations remain halted with no production for the past year, and the Monitor, exercising its enhanced management powers, continues working toward closing the Amalgamation/Transactions with Keranic while seeking a further stay extension to December 19, 2025.
- professional feesnote: Monitor's Counsel's Fees YTD were $469,000; other professionals (Companies Counsel, DIP Counsel, Proposal Trustee and its counsel) also incurred fees per the same table. · party: Monitor (Alvarez & Marsal Canada Inc.) · amount: 630000 · period: YTD Weeks 1-42 · currency: CAD
- purchaserKeranic Industrial Gas Inc.
- receipts cumulativenote: Figures presented in $CAD thousands per the Cash Flow Variance Analysis table. · since: YTD Weeks 1-42 (cumulative since start of CCAA cash flow reporting) · amount: 3371000 · currency: CAD
- report date25 November 2025
- report noSeventh Report
- sale outcometext: Monitor continuing to close the Amalgamation Agreement with Keranic, seeking stay extension · scope: whole_business · status: pending_approval