British Columbia · CCAA
Twenty Fourth Report of the Monitor
Court officer report · 3 February 2025
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
- operational summaryCDI's CCAA restructuring is winding down through the sale of the Wapiti and Bullmoose coal mining assets; the Monitor recommends approval of a revised asset purchase agreement with West Moberly First Nations and related releases to resolve competing sale applications.
- professional feesnote: Payment out of sale proceeds for outstanding fees secured by the Administration Charge, per the proposed distribution. · party: Professionals secured by the Administration Charge · amount: 350000 · currency: CAD
- purchaserChina Shougang International Trade & Engineering Corporation; West Moberly First Nation
- report date3 February 2025
- report noTwenty Fourth Report
- sale outcometext: The Company obtained a revised agreement of purchase and sale from West Moberly and seeks approval of the SAVO · scope: parcel · status: pending_approval