Laserfiche WebLink
-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. On January 15, 2015 the Bankruptcy Court entered an Order granting recognition <br />of the CCAA Proceedings and giving full force and effect in the United States to the Initial <br />Order, Claims Procedure Order, and Meetings Order (the "Recognition Order "). <br />9. On January 20, 2015 the Applicants filed an amended and restated plan of <br />compromise and arrangement (the "Amended and Restated Plan ", attached as Appendix `B" <br />hereto). <br />10. 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 />11. Unless otherwise stated, all monetary amounts contained in this third report of the <br />Monitor (the "Third Report ") are expressed in Canadian dollars. Capitalized terms not <br />otherwise defined herein have the meanings ascribed thereto in the Amended and Restated Plan <br />and the affidavit of Matthew Goldfarb sworn December 2, 2014 (the "Pre- Filing Goldfarb <br />Affidavit "), as applicable. <br />12. The following appendices have been attached to this Third Report of the Monitor <br />a) Appendix "X'— The PIan; <br />