British Columbia · CCAA
Petition
Application / notice of application · 18 December 2023
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 filing9 verified
- commencement date18 December 2023
- courtSUPREME COURT OF BRITISH COLUMBIA
- court file noS-238572
- applicantMyra Falls Mine Ltd.
- appointeeFTI Consulting Canada Inc.
- appointee rolemonitor
- statutory basisCompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36
- financial positionnote: Total assets net book value ~$214 million (current assets ~$29 million, predominately inventory; non-current assets ~$185 million); total liabilities ~$326 million (current liabilities ~$224 million; non-current liabilities ~$102 million). Figures stated as approximate. · page: 6 · as at: 2023-09-30 · basis: Unaudited annual financial statements (FY2023 Financial Statements) prepared by the Petitioner for fiscal year ending September 30, 2023 · scope: Entity-level (Myra Falls Mine Ltd., the Petitioner) · currency: CAD · total assets: 214000000 · total liabilities: 326000000
- secured creditorsnote: Petitioner states it does not have a traditional bank or senior secured lender; limited number of PPSA-registered creditors comprise: Versatile Leasing Incorporated; Toyota Credit Canada Inc.; Travelers Leasing Ltd.; Sandvik Canada Inc./Sandvik Financial Services Canada; Valiant Financial Services Inc.; Amalgamated Mining & Tunnelling Inc.; Epiroc Canada Inc.; Linde Canada Inc.; Xerox Canada Ltd. No individual balances stated. · page: 8 · debtor: Myra Falls Mine Ltd. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Registered financing statements under the Personal Property Security Act (British Columbia) relating to the leasing or financing of equipment and motor vehicles