British Columbia · CCAA

The purpose of this seventh report (the “Seventh Report”) is to provide the Supreme Court of British Columbia with information regarding: a) an update regarding the operations of HFRO; b) the activities of the Monitor since the date of the ARIO (November 30, 2018); c) an eight (8) month site interim remediation plan developed by HFRO, together with the Monitor; d) the Able Auctions Proposal (defined below) to liquidate certain limited assets of HFRO; e) the solicitation of interest by HFRO for parties to acquire or assume the operations of HFRO going forward; f) discussions regarding the conceptual framework of a Plan of Arrangement (the “Plan Concept”); g) budget to actual analysis of the forecast in the Monitor’s Third Report (“Third Report Forecasts”); h) a revised forecast (the “Seventh Report Forecast”); i) HFRO’s request for an extension of the Stay of Proceedings; and j) the Monitor’s Recommendations

Court officer report · 24 January 2019