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manner of notice of the Chapter 15 Proceedings, and (iii) the entry of a <br />temporary restraining order (the "TRO ") staying the commencement or <br />continuation of proceedings against the Applicants and preventing parties from <br />exercising contractual rights triggered by the commencement of insolvency <br />proceedings in respect of the Applicants. <br />6. On December 11, 2014, the Bankruptcy Court entered a preliminary injunction <br />extending the relief granted in the TRO pending further determination in the <br />Chapter 15 Proceedings. <br />7. The Applicants' stated objectives for the CCAA Proceedings are to permit them <br />to pursue a recapitalization with a view to maximizing value for the benefit of <br />their stakeholders. The Applicants believe that without the benefit of CCAA <br />protection there could be significant erosion in the value of the Cline Group <br />(being the Applicants and Raton Basin Analytical LLC, collectively) that could <br />result in the loss of tax attributes and various exploration, mining and <br />environmental permits. <br />8. Unless otherwise stated, all monetary amounts contained in this first report of <br />the Monitor (the "First Report ") are expressed in Canadian dollars. Capitalized <br />terms not otherwise defined herein have the meanings ascribed thereto in the <br />