Alberta · CCAA
10. Tenth Report of the Monitor
Court officer report · 22 July 2009
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 filing8 verified
- cash on handnote: Reserved Funds of approximately $13.3 million held in trust with Macleod Dixon LLP are separate from ending cash. · as at: 2009-07-10 · amount: 3729961 · currency: CAD
- disbursementsnote: Reported as 'net change in cash' (net disbursements) for the Reporting Period, described as approximately $48,000. · since: June 13, 2009 (opening cash for the Reporting Period) · amount: 47709 · currency: CAD
- operational summaryEarthFirst continues restructuring efforts focused on closing the Dokie I Project sale, completing sales of its other projects, and progressing its claims process, while requiring an extension of the CCAA stay and anticipated DIP financing of about $1.5 million.
- professional feesnote: Figure is actual disbursement during the Reporting Period per the budget-to-actual table. · party: CCAA professionals · amount: 51916 · period: June 13, 2009 to July 10, 2009 · currency: CAD
- purchaserprice: sealed: false · scope: the Dokie Project · status: not_completed · name note: referred to only as 'the Purchaser' under the Dokie APA · structure: assets · name source: recital · relationship: unstated
- report date22 July 2009
- report noTenth Report
- sale outcometext: Dokie transaction not yet closed; further amendment being sought to extend deadlines and add a financing condition · scope: parcel · status: pending_approval