British Columbia · CCAA
Seventh Report of the Monitor dated July 13, 2023
Court officer report · 13 July 2023
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What we verified from this filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: Tax · quote: 35,279.49 · amount: 35279.49 · fees: quote: 270,996.75 · amount: 270996.75 · total: quote: 306,660.15 · amount: 306660.15 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 383.91 · amount: 383.91 · period: kind: cumulative · label: Monitor's Fee Period · quote: the Monitor seeks this Court's approval of the Monitor's Fees during the Monitor's Fee Period · approval: quote: the Monitor seeks this Court's approval of the Monitor's Fees during the Monitor's Fee Period plus a Fee Accrual of $50,000 · state: sought · averages: · currency: · invoices: tax: 5037.7 · date: 2023-02-08 · fees: 38700 · quote: February 8, 2023 | 38,700.00 | 51.53 | 5,037.70 | 43,789.23 · total: 43789.23 · disbursements: 51.53; tax: 5531.83 · date: 2023-03-13 · fees: 42552.5 · quote: March 13, 2023 | 42,552.50 | | 5,531.83 | 48,084.33 · total: 48084.33; tax: 6097.25 · date: 2023-04-11 · fees: 46862.5 · quote: April 11,2023 | 46,862.50 | 39.41 | 6,097.25 | 52,999.16 · total: 52999.16 · disbursements: 39.41; tax: 4979.48 · date: 2023-05-08 · fees: 38186.25 · quote: May 8, 2023 | 38,186.25 | 117.45 | 4,979.48 | 43,283.18 · total: 43283.18 · disbursements: 117.45; tax: 11188.71 · date: 2023-06-06 · fees: 85991.25 · quote: June 6, 2023 | 85,991.25 | 75.76 | 11,188.71 | 97,255.72 · total: 97255.72 · disbursements: 75.76; tax: 2444.52 · date: 2023-07-11 · fees: 18704.25 · quote: July 11, 2023 | 18,704.25 | 99.76 | 2,444.52 | 21,248.53 · total: 21248.53 · disbursements: 99.76 · firm text: KSV Restructuring Inc. · firm quote: SEVENTH REPORT OF KSV RESTRUCTURING INC. AS MONITOR · context quote: Accordingly, the Monitor seeks this Court's approval of the Monitor's Fees during the Monitor's Fee Period plus a Fee Accrual of $50,000 to cover the fees and disbursements incurred or to be incurred by the Monitor and Fasken from July 1, 2023 to the filing of the Case Completion Certificate.; form: invoice_listing · rows: · money: tax: label: GST/PST · quote: 31,830.07 · amount: 31830.07 · fees: quote: 157,248.50 · amount: 157248.5 · total: quote: 192,382.35 · amount: 192382.35 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 3,303.78 · amount: 3303.78 · period: kind: unstated · approval: state: unstated · averages: · currency: · invoices: tax: 3054.38 · date: 2023-02-13 · fees: 15076.5 · quote: February 13, 2023 | 15,076.50 | 380.60 | 3,054.38 | 18,511.48 · total: 18511.48 · disbursements: 380.6; tax: 816.7 · date: 2023-03-16 · fees: 4083.5 · quote: March 16, 2023 | 4,083.50 | 0.00 | 816.70 | 4,900.20 · total: 4900.2 · disbursements: 0; tax: 2419.44 · date: 2023-04-11 · fees: 11935.5 · quote: April 11, 2023 | 11,935.50 | 248.80 | 2,419.44 | 14,603.74 · total: 14603.74 · disbursements: 248.8; tax: 2102.6 · date: 2023-05-23 · fees: 10495.5 · quote: May 23, 2023 | 10,495.50 | 26.95 | 2,102.60 | 12,625.05 · total: 12625.05 · disbursements: 26.95; tax: 18302.61 · date: 2023-06-13 · fees: 90121.5 · quote: June 13, 2023 | 90,121.50 | 2,438.63 | 18,302.61 | 110,862.74 · total: 110862.74 · disbursements: 2438.63; tax: 5134.34 · date: 2023-07-12 · fees: 25536 · quote: July 12, 2023 | 25,536.00 | 208.80 | 5,134.34 | 30,879.14 · total: 30879.14 · disbursements: 208.8 · firm text: Fasken · firm quote: Fasken's Fees and Costs · context quote: the overall fees charged by Fasken are reasonable and appropriate in lhe circumstances · comparability quote: The Monitor is of the view that the hourly rates charged by Fasken are consistent with the rates charged by corporate law firms practicing in lhe areas of corporate insolvency and restructuring in the British Columbia market, and that the overall fees charged by Fasken are reasonable and appropriate in lhe circumstances.; form: time_summary · rows: Bobby Kofman; David Sieradzki; Christian Vit; fees: 717.5 · quote: Other staff and administralive | | | 717.50 · row kind: bucket · rate kind: standard · name as stated: Other staff and administralive · money: fees: quote: Tolal Fees | | | 38,700.00 · amount: 38700 · total: quote: 43,789.23 · amount: 43789.23 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Disbursements | | | 51.53 · amount: 51.53 · period: end: 2023-01-31 · kind: invoice · quote: For lhe period January 1, 2023 to January 31, 2023 · start: 2023-01-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. Pure Gold Mining lnc. Time Summary · context quote: For lhe period January 1, 2023 to January 31, 2023; form: time_summary · rows: Bobby Kofman; David Sieradzki; Christian Vit · money: tax: label: HST · quote: HST | 5,531.83 · amount: 5531.83 · fees: quote: Total Fees | | | 42,552.50 · amount: 42552.5 · total: quote: Tolal due | 48,084.33 · amount: 48084.33 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2023-02-28 · kind: invoice · quote: For the period February 1, 2023 to February 28, 2023 · start: 2023-02-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. Pure Gold Mining Inc. Time Summary · context quote: For the period February 1, 2023 to February 28, 2023; form: time_summary · rows: Bobby Kofman; David Sieradzki; Christian Vit · money: tax: label: HST · quote: HST | 6,097.25 · amount: 6097.25 · fees: quote: Total fees per altached lime summary | 46,862.50 · amount: 46862.5 · total: quote: Tolal due | 52,999.16 · amount: 52999.16 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Disbursements | 39.41 · amount: 39.41 · period: end: 2023-03-31 · kind: invoice · quote: For the period March 1, 2023 to March 31, 2023 · start: 2023-03-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. Pure Gold Mining Inc. Time Summary · context quote: For the period March 1, 2023 to March 31, 2023; form: time_summary · rows: Bobby Kofman; David Sieradzki; Christian Vit; fees: 153.75 · quote: Olher stalf and administralive | | | 153.75 · row kind: bucket · rate kind: standard · name as stated: Olher stalf and administralive · money: tax: label: HST · quote: HST | 4,979.48 · amount: 4979.48 · fees: quote: Total fees per attached time summary | 38,186.25 · amount: 38186.25 · total: quote: Total due | $ 43,283.18 · amount: 43283.18 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Disbursements | 117.45 · amount: 117.45 · period: end: 2023-04-30 · kind: invoice · quote: For Ihe period April 1, 2023 to April 30, 2023 · start: 2023-04-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Reslructuring Inc. Pure Gold Mining Inc. Time Summary · context quote: For Ihe period April 1, 2023 to April 30, 2023; form: time_summary · rows: Bobby Kofman; David Sieradzki; Christian Vit; fees: 1623.75 · quote: Other slaff and administralive | | | 1,623.75 · row kind: bucket · rate kind: standard · name as stated: Other slaff and administralive · money: tax: label: HST · quote: HST | 11,188.71 · amount: 11188.71 · fees: quote: Tolal fees per altached lime summary | 85,991.25 · amount: 85991.25 · total: quote: Total due | $ 97,255.72 · amount: 97255.72 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Disbursements | 75.76 · amount: 75.76 · period: end: 2023-05-31 · kind: invoice · quote: For the period May 1, 2023 to May 31, 2023 · start: 2023-05-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. Pure Gold Mining Inc. Time Summary · context quote: For the period May 1, 2023 to May 31, 2023; form: time_summary · rows: Bobby Kolman; David Sieradzki; Christian Vit; fees: 589.25 · quote: Other staff and adminislrative | | | 589.25 · row kind: bucket · rate kind: standard · name as stated: Other staff and adminislrative · money: tax: label: HST · quote: HST | 2,444.52 · amount: 2444.52 · fees: quote: Tolai Fees | | | 18,704.25 · amount: 18704.25 · total: quote: Toll dduel | 21,248.53 · amount: 21248.53 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Courier | | | 99.76 · amount: 99.76 · period: end: 2023-06-30 · kind: invoice · quote: For the period June 1, 2023 to June 30, 2023 · start: 2023-06-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restrucluring Inc. Pure Gold Mining Inc. Time Summary · context quote: For the period June 1, 2023 to June 30, 2023 · firm unverified: true
- recovery outcomeentries: basis: actual · quote: Accordingly, Sprolt incurred a subslanlial shortfall in respecl of its loans to the Company. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Sprott (Interim Lender, secured obligations) · creditor name: Sprott Private Resource Lending II (Collector), LP · interim final: unstated · claims qualifier: unstated · stated on: 2023-07-13 · table missing: