British Columbia · NOI
Supplemental Report of Proposal Trustee on Proposal filed October 25, 2024
Court officer report · 25 October 2024
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What we verified from this filing7 verified
- cash on handnote: Closing available cash balance before Three Road pre-approved advances; after deducting Three Road advances of $811,555 the closing balance was approximately $30,861,027. · as at: 2024-10-20 · amount: 31673482 · currency: CAD
- disbursementssince: May 13, 2024 · amount: 973623 · currency: CAD
- operational summaryFollowing resolution of a director dispute that had frozen disbursements, the Company (via a related party's interim funding) continued operations and is now able to make payments directly, with 38 residential and 1 commercial unit still unsold as of the report date.
- professional feesnote: Comprised of Trustee's fees and costs (incl. legal counsel) $68,388 and Company legal fees $42,524. · party: Proposal Trustee (including legal counsel) and Company legal counsel · amount: 110912 · period: May 13, 2024 to October 20, 2024 · currency: CAD
- receipts cumulativesince: May 13, 2024 · amount: 11970149 · currency: CAD
- report date25 October 2024
- report noSupplemental Report of Proposal Trustee on Proposal