Ontario · NOI
Statement of Affairs
Statement of affairs · 5 February 2014
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What we verified from this filing4 verified
- financial positionnote: Deficiency of $160,001,902.10 reported. 'Other property' listed as Unknown (value dependent on results of sale process, per officer note *). Statement sworn February 6, 2014 as of filing date January 13, 2014. · page: 1 · as at: 2014-01-13 · basis: as stated and estimated by the officer, Statement of Affairs (Form 78) · scope: entity - Colossus Minerals Inc. · currency: CAD · total assets: 500004 · total liabilities: 160501906.1
- secured creditorsnote: Stated total secured claims per list 'B' is $1.00 (nominal/placeholder); underlying equipment financing amount is unknown per officer's note ***. · page: 1 · as of: 2014-01-13 · amount: 1 · debtor: Colossus Minerals Inc. · creditor: Dell Financial Services Canada Limited · currency: CAD · security: Equipment financing (PMSI); security for an unknown amount, per list "B"
- secured creditorsnote: Related-party/guarantee structure: Company guaranteed obligations of Colossus Mineracao Ltda. ("Colossus Brazil") to Sandstorm under a Purchase Agreement dated 2012-09-18; security is a charge granted 'up to $10 million' (ceiling, not a stated balance); not included in list 'B' secured total of $1.00 above. · page: 1 · as of: 2012-09-18 · debtor: Colossus Minerals Inc. (guarantor of Colossus Mineracao Ltda. obligations) · creditor: Sandstorm Gold Ltd. · currency: USD · security: Charge over Company's 99.9% ownership interest in Colossus Brazil; guarantee capped at up to $10 million
- unsecured creditorsnote: Document names no individual unsecured creditors on this page (list 'A' not included). · page: 1 · as of: 2014-01-13 · basis: Statement of Affairs as stated and estimated by the officer · amount: 160501905.1 · debtor: Colossus Minerals Inc. · creditor: Unsecured creditors (aggregate as reported, list "A") · currency: CAD