Bankruptcy

Page last updated: September 16, 2013

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.


On July 2, 2013, Starfield Resources Inc. (the “Company”) was deemed to have made an assignment in bankruptcy pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada) (the “BIA”) as a consequence of not filing a proposal with the Trustee within the time period granted by the Court, pursuant to subsection 50.4(8) of the BIA.

Notice of Bankruptcy and First Meeting of Creditors was mailed to all known creditors of the Company on July 4, 2013, pursuant to the provisions of the BIA. The First Meeting of Creditors will be held at the offices of PricewaterhouseCoopers Inc., PwC Tower, 18 York Street, Suite 2600, Toronto, Ontario, on July 18, 2013 at 10:00 a.m.

Notice of Bankruptcy and First Meeting of Creditors
 
Blank Proof of Claim Form

Status as at September 13, 2013

On September 13, 2013 the Court granted an order:

  1. discharging and releasing and releasing the Directors’ Charge and the Administration Charge;
  2. approving the fees and disbursements of the Proposal Trustee and its counsel; and
  3. approving the Report and the activities of the Proposal Trustee.

Status of File as at September 3, 2013

On August 29, 2013, the Trustee prepared its Fifth Report to Court to:

  1. provide the Court with a summary of:
    1. the background information on the Company and its former NOI proceedings;
    2. the background information on the Directors’ Charge and the Administration Charge granted by the Court in the Company’s NOI proceedings;
  2. recommend that the Court issue an order discharging and releasing the Directors’ Charge and the Administration Charge; and
  3. recommend that the Court issue an order approving the fees and disbursements of the Proposal Trustee and its counsel, Cassels Brock & Blackwell LLP, incurred both before and after the Filing date in connection with the NOI proceedings, and approving the Report and the activities of the Proposal Trustee.

A motion will be heard on September 13, 2013.


This Web site will be updated as information becomes available.