Ontario · CCAA
Fourth Report of the Monitor
Court officer report · 16 June 2010
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 filing7 verified
- cash on handnote: Cash on hand at close of Week 6 of the Stay Period, distributed to fund the Cash Reserve · as at: 2010-06-04 · amount: 2100000 · currency: CAD · qualifier: approximately
- closing confirmedscope: all of the operating assets of the Applicants, except for the Vaughan Lease (and the non-operating Nanaimo Lease) · outcome: completed · effective: 2010-06-04 · purchaser: The Catalyst Capital Group Inc. · date basis: stated · approval order date: 2010-06-04
- operational summaryThe Company operated normally until the June 4, 2010 closing of the Catalyst Acquisition, after which Catalyst took over essentially all operating assets, contracts, leases and employees, with the Monitor now overseeing the D&O Claims Procedure and a Cash Reserve for remaining obligations.
- purchaserThe Catalyst Capital Group Inc.
- report date16 June 2010
- report noFourth Report
- sale outcometext: The Catalyst Acquisition closed on June 4, 2010 · scope: whole_business · status: closed