Alberta · CCAA
Edgemont 2021 Annual Report
Court officer report · 31 May 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 filing6 verified
- cash on handnote: Ending cash balance per statement of receipts and disbursements, presented in CAD $000s as 806. · as at: 2021-12-31 · amount: 806000 · currency: CAD
- operational summaryEdgemont, with its Woodhaven LDP already sold, is winding down under the Monitor's expanded powers by completing remaining construction obligations (about $500,000), collecting trailing cost recoveries (about $6.0M expected) and awaiting release of a cash-secured letter of credit; proven claims were paid in full in 2021 and a first shareholder distribution is expected in 2022.
- professional feesnote: CCAA professional fees incurred during the Reporting Period; the document does not say whether tax is included. Separately, management fees of $130,000 were paid to WGIL. · party: Monitor, Monitor's legal counsel and Edgemont's legal counsel · amount: 41000 · period: January 1, 2021 to December 31, 2021 · currency: CAD
- recovery outcomeentries: basis: actual · quote: In 2021, the Monitor made an aggregate distribution of $3.2 million to Claimants, representing 100% of the value of proven claims filed against Edgemont. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · currency: CAD · pct high: 100 · class key: unsecured · stated by: monitor · amount low: 3200000 · cumulative: true · amount high: 3200000 · class label: Claimants (unsecured creditors with proven claims) · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated · stated on: 2022-05-31 · table missing:
- report date31 May 2022
- report no2021 Annual Report