British Columbia · CCAA
Affidavit #1 of Hein Frey, sworn Dec. 17, 2023
Affidavit · 18 December 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 filing2 verified
- financial positionnote: Total assets comprised of current assets (~$29 million, predominately inventory) and non-current assets (~$185 million); total liabilities comprised of current liabilities (~$224 million) and non-current liabilities (~$102 million). Trafigura Group shareholder loans (TPTE CAD/USD loans, Breakwater loans) totaling over $100 million as of November 30, 2023 are described as unsecured and are included within total liabilities but not separately itemized as secured debt. · page: 10 · as at: 2023-09-30 · basis: unaudited annual financial statements (FY 2023 Financial Statements), net book value · scope: Myra Falls Mine Ltd. (entity level) · currency: CAD · total assets: 214000000 · total liabilities: 326000000
- secured creditorsnote: Company states it does not have a traditional bank or senior secured lender and no party maintains a blanket security interest over all Company property; these are the only registered PPSA secured creditors listed. Amounts not stated in this document. · page: 17 · as of: PPSA search results dated November 24, 2023 · debtor: Myra Falls Mine Ltd. · creditor: PPSA equipment financiers (PMSI class): Versatile Leasing Incorporated; Toyota Credit Canada Inc.; Travelers Leasing Ltd.; Sandvik Canada Inc. / Sandvik Financial Services Canada; Valiant Financial Services Inc.; Amalgamated Mining & Tunnelling Inc.; Epiroc Canada Inc.; Linde Canada Inc.; Xerox Canada Ltd. · currency: CAD · security: Registered PPSA financing statements relating to the leasing or financing of equipment and motor vehicles (serialized equipment)