British Columbia · Receivership (court-appointed)

Red Eagle Mining Corp. Notice to Creditors

Notice to creditors · 29 November 2018

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

financial positionnote: No totals stated; components only (book values as at Nov 22, 2018): Cash $58,615; Accounts receivable $898; Deposits $21,495; Prepaid Expenses $193,713; Fixed Assets $5,559; Intercompany receivables $177,623,315; Investment in subsidiaries $95,908,995. Currency not explicitly stated for these figures (dollar sign only). Liabilities: no total stated for all liabilities; the document states secured creditor Orion Fund JV Limited approx. US$79,901,000 and total unsecured creditors $603,579.82 per Schedule 1. · as at: 2018-11-22 · basis: Book values per REM's books and records; "The Receiver has not audited, reviewed, or otherwise attempted to verify the accuracy of the foregoing. The Receiver provides no comment on the realizable value of the assets." · scope: Red Eagle Mining Corporation (REM) only (single entity, not consolidated); includes intercompany receivables and investment in subsidiaries · currency: CAD