British Columbia · Proposal

Amended Proposal - Cambie Malones Development Corp.

Proposal document · 16 March 2021

A plain-language read of this filing opens with a subscription.

What we verified from this filing1 verified

recovery outcomeentries: basis: plan · quote: If the Proposal is approved by the Required Majority, and the Conditions Precedent have been satisfied or waived, then the Companies shall advance$1,200,000 of the Funds for Distribution to the Proposal Trustee within 5 (five) Business Days of the Implementation Date, for distribution to the Unsecured Creditors on a consolidated, pro rata basis, wherein the Unsecured Creditor Claims are consolidated as between the Companies,in full and final satisfaction of the Unsecured Creditor Claims. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 1200000 · amount high: 1200000 · class label: Unsecured Creditors · interim final: unstated · conditional on: Proposal approved by Required Majority and Conditions Precedent satisfied or waived; further $200,000 to be paid via promissory notes in installments of $40,000 (May 31, 2022), $50,000 (May 31, 2023), $50,000 (May 31, 2024), and $60,000 (May 31, 2025) · claims qualifier: unstated · table missing: