British Columbia · Receivership (court-appointed)

REMDC Holdings Notice to Creditors

Notice to creditors · 29 November 2018

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 filing1 verified

financial positionnote: Assets listed by component only: Cash $1,230; Investment in subsidiary $61,576,830. Liabilities not stated as a total; the Notice lists Orion Fund JV Limited (secured) at approximately US$79,901,000 via a guarantee and security agreement supporting a loan to REMDC's parent company. · as at: 2018-11-22 · basis: Book values per the books and records of REMDC; the Receiver has not audited, reviewed, or otherwise attempted to verify their accuracy and provides no comment on realizable value. · scope: REMDC Holdings Limited (single entity, non-consolidated) · currency: CAD