Alberta · NOI
Third Report of the Monitor
Court officer report · 25 April 2024
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 filing5 verified
- cash on handnote: Ending cash balance as at April 21, 2024, described as approximately $1.1 million · as at: 2024-04-21 · amount: 1062000 · currency: CAD · qualifier: approximately
- operational summaryThe Razor Entities continue operating oil and gas assets while advancing a sale and investment solicitation process (SISP) with two LOIs for a corporate sale and an asset acquisition, and are seeking an extension of the CCAA stay to June 7, 2024 to complete these transactions.
- professional feesnote: Actual figure from budget-to-actual table for 'Professional & sales agent fees'; forecast for next 7 weeks is $435,000 (C$000s) · party: Monitor, Monitor's Counsel, Razor Entities' legal counsel, and Sales Agent · amount: 214000 · period: March 18, 2024 to April 21, 2024 · currency: CAD
- report date25 April 2024
- report noThird Report