British Columbia · CCAA
d First Report of the Proposal Trustee
Court officer report · 23 September 2022
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 filing11 verified · 3 withheld
- provinceBritish Columbia
- applicantGreat Panther Mining Limited
- appointeeAlvarez & Marsal Canada Inc.
- appointee roleProposal Trustee
- commencement date6 September 2022
- statutory basisBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- statutory basissubsection 50.4(1) of the Bankruptcy and Insolvency Act
- financial positionnote: Total liabilities not stated on a book-value balance sheet basis; separately, total liabilities were estimated at approximately CAD $17.9 million (all unsecured) at the time of NOI filing per para 4.22, expressed in a different currency and basis (estimate, not book value balance sheet) · page: 8 · as at: 2022-07-31 · basis: Unaudited book value (GPR entity only) · scope: GPR (parent entity only, not consolidated) - excludes GSilver Shares received August 4, 2022 · currency: USD · total assets: 256491000
- secured creditorsnote: Secures corporate credit card facility; amount is the GIC collateral amount, equivalent to approximately US$160,000 · page: 8 · as of: NOI filing date · amount: 202000 · debtor: Great Panther Mining Limited · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Guaranteed Investment Certificate (GIC) held as collateral for corporate credit cards
- unsecured creditorsnote: Aggregate figure; document names no individual creditors within this category · page: 9 · as of: NOI filing date · basis: Reported by the Proposal Trustee as other liabilities as of the date of the NOI · amount: 814000 · debtor: Great Panther Mining Limited · creditor: Other liabilities (freight charges, TSX/NYSE compliance, utilities and other services) · currency: USD
- unsecured creditorsnote: Relates to the Asahi Advance under the Asahi Prepayment Agreement; equivalent to approximately US$13.0 million; largest listed creditor representing 95.5% of total known creditors as of the NOI filing date; secured only by pledge of equity interest in Mina Tucano, not by GPR assets directly per this entry's basis as unsecured per para 4.22 · page: 9 · as of: NOI filing date · basis: Listed creditor amount as reported by the Proposal Trustee as of the NOI filing date · amount: 17100000 · debtor: Great Panther Mining Limited · creditor: Asahi Refining Canada Ltd. · currency: CAD
3 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.