British Columbia · CCAA
Fifth Report of the Monitor dated Feb. 9, 2021
Court officer report · 9 February 2021
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What we verified from this filing8 verified
- cash on handnote: Actual closing cash position for the five-week period ended February 5, 2021, per the cash flow variance table (figures in $'000). · as at: 2021-02-05 · amount: 2000 · currency: CAD
- operational summaryThe Petitioners and their U.S. subsidiaries currently maintain no active operations; the Canadian entities have no operations as at the filing date, and the Monitor's focus is on implementing the sanctioned Plan.
- professional feesnote: Actual restructuring professional fees disbursed during the variance period, versus a $216,000 budget (figures in $'000). · party: Restructuring professionals (Petitioners' counsel, and the Monitor and its counsel) · amount: 211000 · period: January 2 to February 5, 2021 · currency: CAD
- purchaserMaynards Industries Canada Inc.
- report date9 February 2021
- report noFifth Report
- sale advisorMaynards Industries Canada Inc.
- sale outcometext: Vesting order granted for sale of OK Falls Assets, sale process to be conducted by Maynards · scope: ancillary · status: approved