British Columbia · Bankruptcy
Receiver's Twelfth Report to Court
Court officer report · 19 October 2022
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 filing5 verified
- operational summaryThe Mine is in care and maintenance; effective November 1, 2022 the care and maintenance work transitions to a third-party contractor (Boreal Engineering Limited) engaged through the Government of Yukon, leaving the Receiver with limited powers and mainly statutory administration, plus removal of two tailings treatment barges and minor water testing in November.
- professional feesnote: Fees and disbursements combined (fees $274,310.00 + disbursements $14,365.55 = $288,675.55). Receiver's legal counsel (Dentons) fees for the same period total $192,946 (including taxes). Estimated further fees: $20,000 to end of October 2022 for care and maintenance; $50,000 from October 1, 2022 to March 31 [2023] for administration; legal fees estimated at $75,000 for the same forward period. · party: Receiver (PricewaterhouseCoopers Inc.) · amount: 288676 · period: December 1, 2021 to September 30, 2022 · currency: CAD
- report date19 October 2022
- report noTwelfth Report
- sale outcometext: The SISP was formally terminated by court order in January 2022; the Mine will not transition to a new owner and the receivership continues for care and maintenance. · scope: whole_business · status: terminated