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In determining whether the work performed to date has <br /> increased or decreased the adequacy of the reclamation funds, <br /> Resources and the DMG need to compare the funds spent to date (to <br /> be provided in Resources' accounting) to the cost estimated in <br /> the Reclamation Bond for the work performed to date. <br /> Proposed Funds to be Allocated to Unsecured Creditors <br /> under Amended Plan <br /> Resources has discussed with the Unsecured Creditors' <br /> Committee amending the Plan as follows. <br /> Under the existing Plan, unsecured creditors are <br /> required to release of Sanwa and Resources ' corporate affiliates <br /> in exchange for the distribution to be provided under the Plan. <br /> As amended, the Plan would condition this release on receipt of a <br /> minimum 5% distribution to the unsecured creditors by July 1, <br /> 1995. <br /> The distribution to Sanwa under the amended Plan would <br /> be subordinated to a 5% distribution to unsecured creditors. <br /> Liquidation proceeds would be distributed to unsecured creditors <br /> at the same time as the distributions for reclamation, with about <br /> one dollar distributed to unsecured creditors for every two <br /> dollars distributed for reclamation, until the 5% distribution is <br /> achieved. <br /> Summary of Distributions under Amended Plan <br /> With the amendments described above, the fixed <br /> distributions under the Plan would be as follows: <br /> Class 1 (property taxes) : $1,250,000 <br /> Class 2 (Patsantaras) : 30,000 <br /> Class 3 (Caterpillar) : 40,000 <br /> Class 5 (reclamation claims) : 2,500,000 <br /> Class 6 (environmental claims) : 250,000 <br /> Class 7 (general claims $200 or less) : 19,000 <br /> Class 8 (general claims $200 - 10,000) : 31,000 <br /> Class 9 (general claims over $10,000) : 700,000 <br /> Class 10 (Pitkin Iron) : 0 <br /> Class 11 (former shareholders) : 0 <br /> Class 12 (shareholder and insider loans) : 0 <br /> Class 13 (shareholder interests) : 0 <br /> Costs of bankruptcy administration: <br /> professional fees and expenses: 240,000 <br /> Pitkin Iron and G&A 160,000 <br /> Priority taxes: 360,000 <br /> 5,280,000 <br /> 6 <br />