British Columbia · CCAA
Second Supplement to the Twenty Sixth Report of the Monitor
Court officer report · 27 July 2025
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 filing8 verified
- closing confirmedscope: CDI's shares of Wapiti and CBM · outcome: completed · effective: 2025-03-28 · purchaser: West Moberly First Nation · date basis: stated; scope: the SISP and SH APAs · outcome: not_completed · date basis: unstated
- operational summaryCDI has no remaining funding following repayment of the DIP loan, and is pursuing a SISP and stalking horse sale agreements for its remaining assets while stakeholders negotiate a consensual framework to avoid a lengthy contested court hearing.
- professional feesnote: Company's counsel accounts receivable/WIP approx $170,000; Monitor's fees approx $40,000; Monitor's counsel approx $30,000, totaling approx $240,000 owing under Administration Charge · party: Monitor and its counsel, and Company's counsel (combined under Administration Charge) · amount: 240000 · currency: CAD
- purchaserWest Moberly First Nation; price: sealed: false · scope: shares of CDLV · status: not_completed · name note: Stalking Horse Sale Agreement purchaser for shares of CDLV; SH APA counterparty is Mrs. Liu per Framework, but SH APA itself not named in operative text · structure: shares · name source: recital · relationship: stalking_horse; price: sealed: false · scope: shares of VIIO, CDD and Iron Ross · status: not_completed · name note: Stalking Horse Sale Agreement purchaser for shares of VIIO, CDD and Iron Ross · structure: shares · name source: recital · relationship: stalking_horse
- report date27 July 2025
- report noSecond Supplement to the Twenty-Sixth Report
- sale outcometext: The Company's application for approval of the SISP and SH APAs did not proceed due to competing applications; parties are seeking a consensual resolution via a Monitor-proposed Framework. · scope: whole_business · status: pending_approval
- stalking horsestate: stated