Ontario · CCAA
Forty-Sixth Report of the Monitor, dated July 21, 2025
Court officer report · 21 July 2025
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: Cash and cash equivalents as at April 30, 2025. Cash at March 31, 2025 was approximately $60.5 million (about $5.0 million above forecast). DIP Lender principal and interest owed was approximately $233.24 million as at April 30, 2025; outstanding DIP principal is $75,733,333. · as at: 2025-04-30 · amount: 58900000 · currency: USD · qualifier: approximately
- disbursementsnote: Actual total disbursements for the period (US$000 7,426): general corporate expenses 1,155 and arbitration and CCAA costs 6,272, against a forecast of 10,800. Period figure, not cumulative since the filing date. · since: October 1, 2024 (period October 1, 2024 to March 31, 2025) · amount: 7426000 · currency: USD
- operational summaryCrystallex remains in CCAA protection and continues to pursue enforcement of its arbitration Award against Venezuela, funded by cash reserves and DIP financing. Management assumes no payments from Venezuela and no payments on the DIP during the forecast period.
- receipts cumulativenote: Actual total receipts for the period (US$000 1,656), consisting of Venezuela and other receipts, which the report attributes to interest earned on term deposits and securities and HST refunds. Period figure, not cumulative since the filing date. · since: October 1, 2024 (period October 1, 2024 to March 31, 2025) · amount: 1656000 · currency: USD
- report date21 July 2025
- report noForty-Sixth Report