British Columbia · CCAA
Nineteenth Report of the Monitor
Court officer report · 17 October 2024
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 filing4 verified
- cash on handnote: Monitor states the Company currently has no cash; outstanding professional fees are secured by the Administration Charge and could be paid from sale proceeds. · amount: 0 · currency: CAD
- operational summaryThe Company is in a prolonged CCAA sale process, seeking court approval of a sale of the Wapiti and Bullmoose shares and assets to the related-party DIP Lender or a higher competing offer from TaneCap, and an extension of the stay to November 30, 2024. Several Wapiti coal licenses were transferred out, expired or lapsed for illiquidity, leaving only five in Wapiti's name.
- report date16 October 2024
- report noNineteenth Report of the Monitor