British Columbia · CCAA

The purpose of this first report (the “First Report”) is to provide information to the Supreme Court of British Columbia in respect of the following: a) background information of HFRO and causes of its insolvency; b) the activities of the Monitor since the Initial Order was granted; c) operational considerations; d) the solicitation of interest by the HFRO for parties to acquire or assume the operations of HFRO going forward; e) site restoration considerations; f) the alternatives to a going concern outcome; g) the Proposed Claims Process (defined below); h) the Interim Financing Facility; i) budget to actual analysis since the Initial Order; j) the revised forecast (the “First Report Forecast”); k) HFRO’s request for an extension of the Stay Period; and l) the Monitor’s Recommendations

Court officer report · 9 November 2018