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Court File No. CV14- 10781 -OOCL <br />ONTARIO <br />SUPERIOR COURT OF JUSTICE <br />(COMMERCIAL LIST) <br />IN THE MATTER OF THE COMPANIES' CREDITORS <br />ARRANGEMENTACT, R.S.C. 1985, c. C -36, AS AMENDED <br />AND IN THE MATTER OF A PLAN OF COMPROMISE OR <br />ARRANGEMENT OF CLINE MINING CORPORATION, NEW <br />ELK COAL COMPANY LLC AND NORTH CENTRAL ENERGY <br />COMPANY <br />THIRD REPORT OF FTI CONSULTING CANADA INC., <br />in its capacity as Monitor of the Applicants <br />January 23, 2015 <br />INTRODUCTION <br />1. On December 3, 2014 (the "Filing Date "), Cline Mining Corporation ( "Cline "), <br />New Elk Coal Company LLC ( "New Elk") and North Central Energy Company ( "North <br />Central ") (collectively, the "Applicants ") filed for and obtained protection under the <br />Companies' Creditors Arrangement Act, R.S.C. 1985, c. C -36, as amended (the "CCAA "). <br />Pursuant to the Order of this Honourable Court (the "Initial Order ") dated December 3, 2014, <br />FTI Consulting Canada Inc. ( "FTI ") was appointed as the Monitor of the Applicants (the <br />"Monitor ") in these CCAA proceedings (the "CCAA Proceedings "). The Initial Order <br />provided, inter alia, for a stay of proceedings through to and including December 31, 2014 for <br />the Applicants. <br />2. On the Filing Date, this Honourable Court also granted an Order that approved a <br />claims process for the identification and determination of claims against the Applicants and their <br />present and former directors and officers (the "Claims Procedure Order ") and an Order <br />