Ontario · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 28 November 2024
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
- recovery outcomeentries: basis: unstated · quote: Many of these factors remain unknown at this time, which creates uncertainty for the potential future recovery of amounts owing to stakeholders, including the Receivership Lender for amounts advanced to fund the Remediation, the Lending Syndicate and all other creditors. · pct of: unstated · outcome: undetermined · class key: secured · stated by: receiver · class label: Receivership Lender, the Lending Syndicate and all other creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-11-28 · table missing:
- sale outcometext: The Receiver proposes to realize on Redundant Assets: lower-value assets via increased transaction thresholds under the A&R Receivership Order, and specified higher-value assets (including Listed Securities) via a Specified Assets AVO, subject to prior written consent of YG and the Agent; it intends to engage mining-industry brokers to sell the Listed Securities. · scope: ancillary · status: process_approved