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0 <br />-3- <br />7. On December 22, 2014, this Honourable Court issued an Order approving an <br />extension of the Stay Period (as defined in the Initial Order) to and including March 1, 2015. <br />8. The Applicants' stated objectives for the CCAA Proceedings include permitting <br />them to pursue a recapitalization with a view to maximizing value for the benefit of their <br />stakeholders. The Applicants believe that without the benefit of CCAA protection there could be <br />significant erosion in the value of the Cline Group (being the Applicants and Raton Basin <br />Analytical LLC, collectively) that could result in the loss of tax attributes and various <br />exploration, mining and environmental permits. <br />9. Unless otherwise stated, all monetary amounts contained in this second report of <br />the Monitor (the "Second Report") are expressed in Canadian dollars. Capitalized terms not <br />otherwise defined herein have the meanings ascribed thereto in the Plan and the affidavit of <br />Matthew Goldfarb sworn December 2, 2014 (the "Pre- Filing Goldfarb Affidavit "), as <br />applicable. <br />PURPOSE <br />10. This Monitor's Second Report has been prepared pursuant to and as directed by <br />section 23(1)(d.1) of the CCAA. The purpose of the Monitor's Second Report is to provide <br />information to this Honourable Court and the Applicant's stakeholders in respect of the <br />following: <br />(a) an update on the state of the Applicants' business affairs; <br />(b) an update on the state of the Applicants' financial affairs, including: <br />(i) an update regarding the Applicants' actual receipts and disbursements for <br />the period from December 1, 2014 to January 11, 2015; and <br />