British Columbia · CCAA
Monitor's Third Report - November 22, 2013
Court officer report · 22 November 2013
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 filing5 verified · 1 withheld
- disbursementsnote: Taken from the actual-results table in Appendix A (total cash outflows to date); the OCR of the table is garbled, so this figure is lower confidence. · since: July 24, 2013 (start of CCAA cash flow statement) through November 10, 2013 · amount: 2746797 · currency: CAD
- operational summaryThe Petitioners have the Treasure Mountain Mine and the Mill on care and maintenance, funded by DIP lender Waterton, while Management concludes the mine is not viable as an operating asset and plans to market the four main assets individually, targeting a transaction in March or April 2014.
- receipts cumulativenote: Taken from the actual-results table in Appendix A (Total CCAA cash inflows column) rather than narrative text; includes DIP draws of $1,787,... as part of total inflows. The OCR of the table is garbled, so this figure is lower confidence. · since: July 24, 2013 (start of CCAA cash flow statement) through November 10, 2013 · amount: 2587318 · currency: CAD
- report date22 November 2013
- report noThird Report
1 extracted value is 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.