British Columbia · Proposal
Order Approving Proposal - Cambie Malones Development Corp.
Plan sanction / final order · 14 May 2021
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What we verified from this filing5 verified
- commencement date14 May 2021
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noB-210093
- presiding officerJustice Walker
- recovery outcomeentries: basis: plan · quote: If the Proposal is approved by the Required Majority, and the Conditions Precedent have been satisfied or waived, then the Companies shall advance $1,200,000 of the Funds for Distribution to the Proposal Trustee within 5 (five) Business Days of the Implementation Date, for distribution to the Unsecured Creditors on a consolidated, pro rata basis, wherein the Unsecured Creditor Claims are consolidated as between the Companies, in full and final satisfaction of the Unsecured Creditor Claims. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: trustee · amount low: 1200000 · amount high: 1200000 · class label: Unsecured Creditors · interim final: unstated · conditional on: Proposal approved by Required Majority and Conditions Precedent satisfied or waived · claims qualifier: unstated · stated on: 2021-05-14 · table missing: