I found information on this site quite valuable. Pretty much...

I found information on this site quite valuable. Pretty much everything is spelled out in the "Sale and investor solicitation procedures". I contacted the trustee in charge to see if he could shed any light on why an extension was granted but as of yet have not received an answer.

https://www.raymondchabot.com/en/companies/public-records/north-american-lithium-inc/

This particular section should give us some insight into what the bid amount is from Sayona's prospective.

except in the case of a credit bid, it is accompanied by a refundable deposit
(the "Deposit") in the form of a wire transfer (to a trust account specified by the
Monitor), or such other form acceptable to the Monitor, payable to the order of
Raymond Chabot Inc., in trust, in an amount equal to 5% of the proposed gross
purchase price, to be held and dealt with in accordance with the SISP
Procedures