Ontario · Winding-up (provincial)
Fourth Report to Court of the Liquidator dated April 20, 2017
Court officer report · 20 April 2017
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
- recovery outcomeentries: basis: estimated · quote: Set out the basis on which the Liquidator is seeking Court approval to pay an interim distribution to the Company's shareholders of approximately $6.5 million, representing approximately $0.40 per common share; · pct of: unstated · outcome: distribution · currency: CAD · class key: equity · stated by: liquidator · amount low: 6500000 · cumulative: false · amount high: 6500000 · class label: Company's shareholders · interim final: interim · conditional on: Subject to Court approval · currency quote: Unless otherwise noted, all currency references in this Report are in Canadian dollars. · claims qualifier: unstated; basis: estimated · quote: In the Third Report, the Liquidator provided an estimate of funds available for distribution to the Company's shareholders at the completion of these proceedings, being a range of $1.14 to $1.20 per share. · pct of: unstated · outcome: distribution · currency: CAD · class key: equity · stated by: liquidator · amount low: 1.14 · cumulative: false · amount high: 1.2 · class label: Company's shareholders · interim final: unstated · currency quote: Unless otherwise noted, all currency references in this Report are in Canadian dollars. · claims qualifier: unstated · stated on: 2017-04-20 · table missing: