Quebec · CCAA
First Monitor's Report
Court officer report · 10 January 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing3 verified
- purchaserprice: note: Cash Subscription Price includes issuance of a zero-interest promissory note in the amount of $6,000,000 (the 'Promissory Note') payable in full over a term of 3.5 years; full sources & uses sealed in Appendix C · basis: mixed · amount: 6000000 · sealed: true · currency: CAD · scope: subscribe to shares of the Company representing 100% of the post-restructuring equity · status: proposed · name note: referred to only as 'Potential Investor'; name not disclosed in unsealed text · structure: subscription · name source: recital · relationship: unstated
- sale advisorCanaccord
- sale outcometext: Proposed Transaction pending Court approval via RVO Application · scope: whole_business · status: pending_approval