British Columbia · Bankruptcy
Trustee Preliminary Report to Creditors with Appendix dated August 15, 2023.pdf
Court officer report · 15 August 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 filing12 verified
- appointeeGrant Thornton Limited
- appointee roletrustee
- commencement date25 July 2023
- court file no11-2968927
- proceeding typebia_bankruptcy
- provinceBritish Columbia
- statutory basisBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- statutory basisSection 49 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- financial positionnote: Company has no assets; unsecured creditor claims per Statement of Affairs approx. $16,267,082.96; as at 9:30am Aug 15, 2023 Trustee had received 28 claims totalling approximately $2,675,736.20 (a subset, not the full liability figure) · basis: Statement of Affairs · scope: entity - PGM ResidualCo Holdings Inc. · currency: CAD · total assets: 0 · total liabilities: 16267082.96
- operational summaryPGM ResidualCo has no active operations and no assets since its incorporation; it was created solely to assume certain excluded liabilities from Pure Gold Mining Inc.'s CCAA proceedings, and its sole director resigned effective August 15, 2023, leaving the company without a director.
- professional feesnote: Third-party deposit obtained for payment of Trustee's fees and disbursements, not a fee incurred figure · party: Trustee (Grant Thornton Limited) · amount: 25000 · currency: CAD
- report date15 August 2023