Quebec · Proposal
Report on the state of the Insolvent Person’s business and financial affairs
Statement of affairs · 7 October 2019
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What we verified from this filing6 verified
- secured creditorsnote: DIP received as at September 28, 2019 totals $687K; forecasted to reach $1.3M by November 30, 2019 · page: 3 · as of: 2019-09-28 · amount: 687000 · debtor: Argex Titanium Inc. · creditor: DIP Lender (DIP Facility) · currency: CAD · security: DIP Charge, court-approved maximum $1,500,000
- secured creditorsnote: To be paid in full under proposal funding via Stalking Horse bid; amount not stated · page: 4 · debtor: Argex Titanium Inc. · creditor: Secured convertible debenture holders · currency: CAD · security: Secured convertible debentures
- secured creditorsnote: Payment of up to $200,000 plus accrued interest contemplated under Stalking Horse funding plan · page: 4 · amount: 200000 · debtor: Argex Titanium Inc. · creditor: Holder(s) of Secured Additional Advances · currency: CAD · security: Secured Additional Advances
- unsecured creditorsnote: Related party - Stalking Horse Bidder; has agreed to renounce any dividend on this unsecured claim to increase dividend to other unsecured creditors · page: 4 · as of: 2019-06-19 · basis: Reported unsecured claim amount as at June 19, 2019 · amount: 620000 · debtor: Argex Titanium Inc. · creditor: M. Alnaimi (Stalking Horse Bidder) · currency: CAD
- unsecured creditorsnote: Document names no individual unsecured creditors; aggregate basket figure only · page: 4 · basis: Amount of basket proposed for unsecured creditors under Stalking Horse funded proposal · amount: 350000 · debtor: Argex Titanium Inc. · creditor: Unsecured creditors (aggregate basket under proposal) · currency: CAD
- unsecured creditorsnote: preferred - amount not stated · page: 4 · basis: Referenced as preferred claims (if any) to be paid under proposal funding · debtor: Argex Titanium Inc. · creditor: Employees (preferred claims) · currency: CAD