Newfoundland and Labrador · Receivership (court-appointed)
Second Report of the Court Appointed Receiver, dated July 16, 2021
Court officer report · 16 July 2021
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What we verified from this filing2 verified
- secured creditorsnote: Primary secured lender; indebtedness extinguished as part of sale transaction consideration ($19.4 million extinguishment plus $15 million cash plus production payment undertaking). · page: 4 · as of: Date of Receivership (June 17, 2020) · amount: 19400000 · debtor: The Kami Mine Limited Partnership, Kami General Partner Limited, Alderon Iron Ore Corp. · creditor: Sprott Private Resource Lending (Collector), LP · currency: CAD · security: Security over all of the Debtors' present and after acquired personal property
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: 16,702 · amount: 16702 · fees: quote: 237,800 · amount: 237800 · total: quote: 255,095 · amount: 255095 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 592 · amount: 592 · period: end: 2021-06-30 · kind: cumulative · quote: SUMMARY OF RECEIVER'S FEES AS AT JUNE 30, 2021 · approval: state: unstated · averages: · currency: code: CAD · quote: $CAD · invoices: tax: 1833 · fees: 36460 · quote: 8001420092 | June 15, 2020 to July 24, 2020 | 36,460 | 203 | 36,663 | 1,833 | 38,496 · total: 38496 · period end: 2020-07-24 · period start: 2020-06-15 · disbursements: 203; tax: 4054 · fees: 80683 · quote: 8001420095 | July 25, 2020 to October 16, 2020 | 80,683 | 390 | 81,072 | 4,054 | 85,126 · total: 85126 · period end: 2020-10-16 · period start: 2020-07-25 · disbursements: 390; tax: 5408 · fees: 108158 · quote: 8001845416 | October 17, 2020 to May 21, 2021 | 108,158 | - | 108,158 | 5,408 | 113,565 · total: 113565 · period end: 2021-05-21 · period start: 2020-10-17; tax: 5408 · fees: 12500 · quote: Work-in-progress | May 22, 2021 to June 30, 2021 | 12,500 | - | 12,500 | 5,408 | 17,908 · total: 17908 · period end: 2021-06-30 · period start: 2021-05-22 · firm text: Deloitte Restructuring Inc. · firm quote: Deloitte Restructuring Inc. , in its capacity as court-appointed receiver of all of the assets, undertaking and property of Alderon Iron Ore Corp., The Kami Mine Limited Partnership, and Kami General Partner Limited · context quote: in its capacity as court-appointed receiver of all of the assets, undertaking and property of Alderon Iron Ore Corp., The Kami Mine Limited Partnership, and Kami General Partner Limited; form: invoice_listing · rows: · money: tax: label: GST · quote: 7,816 · amount: 7816 · fees: quote: 156,329 · amount: 156329 · total: quote: 164,428 · amount: 164428 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 283 · amount: 283 · period: end: 2021-06-30 · kind: cumulative · quote: SUMMARY OF LEGAL FEES AS AT JUNE 30, 2021 · approval: state: unstated · averages: · currency: code: CAD · quote: $CAD · invoices: tax: 415 · fees: 8309 · quote: 2020016861 | June 8, 2020 to July 28, 2020 | 8,309 | 10 | 8,319 | 415 | 8,735 · total: 8735 · period end: 2020-07-28 · period start: 2020-06-08 · disbursements: 10; tax: 577 · fees: 11540 · quote: 2020020608 | July 29, 2020 to August 30, 2020 | 11,540 | 170 | 11,710 | 577 | 12,287 · total: 12287 · period end: 2020-08-30 · period start: 2020-07-29 · disbursements: 170; tax: 673 · fees: 13452 · quote: 2020022915 | August 31, 2020 to September 30, 2020 | 13,452 | | 13,452 | 673 | 14,124 · total: 14124 · period end: 2020-09-30 · period start: 2020-08-31; tax: 1956 · fees: 39125 · quote: 2020026352 | October 1, 2020 to October 30, 2020 | 39,125 | 73 | 39,198 | 1,956 | 41,154 · total: 41154 · period end: 2020-10-30 · period start: 2020-10-01 · disbursements: 73; tax: 77 · fees: 1549 · quote: 1262621 | October 5, 2020 to October 29, 2020 | 1,549 | | 1,549 | 77 | 1,626 · total: 1626 · period end: 2020-10-29 · period start: 2020-10-05; tax: 1983 · fees: 39656 · quote: 2020029375 | November 1, 2020 to November 30, 2020 | 39,656 | 30 | 39,686 | 1,983 | 41,669 · total: 41669 · period end: 2020-11-30 · period start: 2020-11-01 · disbursements: 30; tax: 173 · fees: 3459 · quote: 2020031366 | December 1, 2020 to December 23, 2020 | 3,459 | | 3,459 | 173 | 3,632 · total: 3632 · period end: 2020-12-23 · period start: 2020-12-01; tax: 603 · fees: 12067 · quote: 2021002227 | December 23, 2020 to January 31, 2021 | 12,067 | | 12,067 | 603 | 12,670 · total: 12670 · period end: 2021-01-31 · period start: 2020-12-23; tax: 311 · fees: 6224 · quote: 2021004450 | February 8, 2021 to February 28, 2021 | 6,224 | | 6,224 | 311 | 6,535 · total: 6535 · period end: 2021-02-28 · period start: 2021-02-08; tax: 249 · fees: 4978 · quote: 2021006657 | March 2, 2021 to March 31, 2021 | 4,978 | | 4,978 | 249 | 5,227 · total: 5227 · period end: 2021-03-31 · period start: 2021-03-02; tax: 284 · fees: 5681 · quote: 2021010429 | March 31, 2020 to April 30, 2021 | 5,681 | | 5,681 | 284 | 5,965 · total: 5965 · period end: 2021-04-30 · period start: 2020-03-31; tax: 189 · fees: 3789 · quote: 2021013156 | May 1, 2021 to May 31, 2021 | 3,789 | | 3,789 | 189 | 3,979 · total: 3979 · period end: 2021-05-31 · period start: 2021-05-01; tax: 325 · fees: 6500 · quote: 2021016015 | June 1, 2021 to June 30, 2021 | 6,500 | | 6,500 | 325 | 6,825 · total: 6825 · period end: 2021-06-30 · period start: 2021-06-01 · firm text: McInnes Cooper · firm quote: McInnes Cooper 10 Fort William Place St. John's, NL A1C 5X4 · context quote: Attention: Geoffrey Spencer