Quebec · CCAA
Third Report to the Court Submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
Court officer report · 12 June 2015
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: Actual ending bank balance for the 12-week period ended June 7, 2015 (budgeted ending balance was $6,361). · as at: 2015-06-07 · amount: 98263 · currency: CAD
- operational summaryMaudore's only significant asset among its 13 exploration projects is the Comtois Property, and the Interested Party failed to submit an offer. Management continues discussions with interested parties and is evaluating a plan of arrangement, while Cyrus (via the Receiver) funds Maudore's obligations as they come due.
- professional feesnote: Unfavorable variance of $25,238, explained in the report by higher professional fees due to the December 31, 2015 year-end audit. Whether the figure excludes tax is not stated. · party: Maudore Minerals Ltd. (professional fees disbursed by the Debtor, actual vs. budget $22,500) · amount: 47738 · period: 12-week period March 16 to June 7, 2015 · currency: CAD
- report date12 June 2015
- report noThird Report