Proceedings.

11272420 Canada Inc. (Stornoway Diamonds Canada Inc.)

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Active
Proceeding
CCAACompanies' Creditors Arrangement Act, RSC 1985, c C-36
File
500-11-063053-231
Filings held80
Last activity15 Oct 2026
On the record1,105 days
Secured debtSubscribers
OverviewSummary updated

11272420 Canada Inc., formerly Stornoway Diamonds (Canada) Inc., remains under CCAA protection in the Superior Court of Québec (Commercial Division), court file 500-11-063053-231. The proceeding began on October 27, 2023, when the Court granted an interim order on Stornoway Diamonds (Canada) Inc.'s application. The case is active.

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Case updates79 dated entries · 1 undated
#Order

Liquidation order authorising TCL Asset Group Inc. to conduct sales of the remaining non-core assets by online public auction or private negotiated sale, its commission percentage sealed.

Source: Liquidation Order dated June 10, 2025

Undated filings1 — no date appears on the document · show

Case update

Stornoway: a $12 million option on Renard, and a stay to October 2027

The monitor received $12 million from Li-FT Power on June 25 for a two-year option on the Renard diamond mine; paying it to the secured creditors depends on Québec deferring the site's rehabilitation. The dismantling tender was halted, and on October 15 the stay was extended, without a hearing, to October 15, 2027.

Guide

What happens to employees when a company goes bankrupt in Canada

When a Canadian employer goes bankrupt or into creditor protection, its workers are owed pay it cannot meet. What ranks first, what the Wage Earner Protection Program pays and how to apply, and what happens to severance, pensions, benefits and jobs when the business is sold, drawn from the court record.

Precedent note

What stay extensions are actually granted

Seven CCAA files, three provinces, and no two extensions alike — four days because the court could not sit, twenty days more than the debtor asked for, a full year when all that is left of the company is a lawsuit. The boundary is the case's own calendar.

Case update

Stornoway: Renard, from diamond mine to demolition tender

Two and a half years and eleven stay extensions after Stornoway filed, the monitor now runs the company, operations have permanently ceased, and four dismantling contractors have bid on tearing the mine down. Before any of them can start, Quebec has to approve the release of an insurance guarantee — the money that pays to restore the site is security the province is holding.

Parties

Debtor

11272420 Canada Inc. (Stornoway Diamonds Canada Inc.)

Monitor

Deloitte

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice RogersSuperior Court of Québec27 orders, Oct 2023 – Oct 202616 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorDeloitteOsler, Hoskin & Harcourt LLP25 May 2026Order · 25 May 2026
CreditorMe Craig A. Mills and Me Bertrand GirouxMiller Thomson LLP—Service list
CreditorMe Edmond Lamek, Me Mélanie MartelDLA Piper (Canada) LLP—Service list
CreditorMe Emile Catimel-MarchandMcMillan LLP—Service list
CreditorMe John BirchCassels Brock & Blackwell LLP—Service list
CreditorMe Roger P. SimardDentons Canada LLP—Service list
CreditorMe Sandra AbitanOsler, Hoskin & Harcourt LLP21 May 2026Application · 21 May 2026
CreditorMtre Sandra AbitanOsler, Hoskin & Harcourt LLP23 Jun 2026Application · 23 Jun 2026
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
Priority classCreditorAmountSource
SecuredGestion Houde inc.Legal hypothec of construction (no. 28 371 851) registered against Sept-Îles lots; Ministère des Ressources naturelles et des forêts named as proprietor — debtor: Stornoway Diamonds (Canada) Inc. (SDCI) · as of 3 Nov 2023$3.18MApplication to Cancel a Legal Hypothec (Meglab) and Exhibits in Support thereof dated October 4, 2024
Secured
Secured
Secured
Secured
Secured
Secured
Secured
Secured

8 more claims in 1 class The stack holds Secured claims.

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

8 transactions · 3 proposed · 3 closed · 1 approved · 1 not completed — The Court rendered a Liquidation Order authorizing TCL to conduct the sales of the Remaining Non-Core Assets, together with an Approval and Vesting Order for the spare parts transaction.Sixteenth Report to the Court submitted by Deloitte Restructuring Inc.… · 21 Aug 2026

PurchaserPriceStatusSource
unnamed successful bidder for Non-Core Equipment (Purchased Assets)43 assets marketed during the Non-Core Equipment Call for Tender (the 'Purchased Assets') · asset saleSubscribersProposedNinth Report to the Court submitted by Deloitte…
New Gold Inc.les Actifs achetés · asset saleSubscribersClosed25 Apr 2025Monitor's Certificate for the Mobile Equipment…
Accès Industriel Minier inc.the purchase of 29 of the 41 assets marketed during the non-core assets sale process (the ' Purchased Assets ') · asset saleSubscribersClosed23 Aug 2024Sixth Report to the Court submitted by Deloitte…
New Goldcertain spare parts (the 'Parts') · asset salenot statedProposedTenth Report to the Court submitted by Deloitte…
sale conducted by TCL under Commission Agreement; applicable purchasers of Assets not namedthe Assets (as defined in the Commission Agreement) · auctionnot statedApproved10 Jun 2025Liquidation Order dated June 10, 2025
TCL Asset Group Inc.the Remaining Non-Core Assets · auctionSubscribersClosedEleventh Report to the Court submitted by…
WinsomeStornoway or its assets as a going concern, pursuant to the Call Option Agreement · share salenot statedNot completeddate not statedEleventh Report to the Court submitted by…
Li-FT Power Ltd.the Renard Mine and all of its associated assets and infrastructure held by the Debtors as at the date of the LIFT Call Option Agreement, excluding cash and cash equivalents, or all of the shares of Stornoway Diamonds (Canada) Inc. or 1127 · share salenot statedProposedoutside 19 Apr 2024Fifthteenth Report to the Court submitted by…
AdvisorsDeloitte Corporate Finance Inc. (financial advisor); Bonas-Couzyn (listing broker); Deloitte Restructuring Inc. (sale agent); Bonas Group (listing broker); TCL Assets Group Inc. (liquidator); TCL Asset Group Inc. (liquidator)Sixteenth Report to the Court submitted by Deloitte Restructuring Inc.…
Closing termsLe certificat du Contrôleur est délivré lorsque la Convention d'achat est signée et conclue, le Prix d'achat est payé et toutes les conditions de clôture sont remplies ou ont fait l'objet d'une renonciation.Approval and Vesting Order dated June 10, 2025 (F
Sealed materialsAnnexes A et B au Cinquième rapport du Contrôleur; Convention d'achat-vente des camps mobiles (Pièce R-7); Convention d'achat (Pièce R-6); Annexes A et B de la Pièce R-5; commission percentage payable to TCL under the unredacted Commission AgreementApproval and Vesting Order dated August 16, 2024 (French Original…
RecoveriesAs declared or paid

Diaquem: a distribution.FinalFifthteenth Report to the Court submitted by Deloitte Restructuring… · 26 Jun 2026

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

4 blurred figures above

The claims and what each class or creditor recovers — each as the filing states it, with its source.

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Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

Cumulative receipts

$280K

As at 21 Aug 2026Sixteenth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated August 21, 2026

Cumulative disbursements

As at

Cash on hand

As at

Professional fees

As at

3 more reported figures, and the 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
80 filings
DateDocumentFile
Stay Extension Order dated October 15, 2026
  • Order date 15 October 2026
  • Presiding officer Justice Karen M. Rogers
  • Stay extended to 15 October 2027
PDF · Subscribers
Stay Extension Order dated August 27, 2026
  • Order date 27 August 2026
  • Presiding officer Justice Karen M. Rogers
  • Stay extended to 16 October 2026
PDF · Subscribers
Application for the Issuance of Stay Extension Orders dated August 21, 2026
  • Stay extended to 16 October 2026
PDF · Subscribers
Sixteenth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated August 21, 2026
  • Operational summary Stornoway remains in cold care and maintenance at the Renard site, continuing to pay employees and suppliers in the normal course; LIFT is expected to fund substantially all care and maintenance costs during the call option period.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Approval Order dated July 3, 2026
  • Presiding officer Justice Karen M. Rogers
PDF · Subscribers
Fifthteenth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated June 26, 2026
  • Operational summary Stornoway continues to operate under cold care and maintenance, paying current employees and suppliers in the normal course of business since the start of the CCAA proceedings, with no environmental incidents reported during the period.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Application for the Issuance of an Order approving and Option Agreement and a Distribution dated June 23, 2026
  • Counsel Osler, Hoskin & Harcourt LLP
PDF · Subscribers
Stay Extension Order dated May 25, 2026
  • Counsel Osler Hoskin & Harcourt LLP
  • Order date 25 May 2026
  • Stay extended to 30 August 2026
PDF · Subscribers
Application for the Issuance of an Order extending the Stay of Proceedings dated May 21, 2026
  • Commencement date 27 October 2023
  • Counsel Osler, Hoskin & Harcourt LLP
  • Court SUPERIOR COURT
  • Court file no 500-11-063053-231
  • + 3 more extracted facts
PDF · Subscribers
Fourteenth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated May 21, 2026
  • Sale advisor TCL Asset Group Inc. (liquidator)
  • Sale outcome Liquidation in progress — Stornoway and the Monitor received non-binding offers for the sale of all or a portion of assets at the Renard Mine and are in discussions with these parties
  • Financial position · Secured creditors Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Subject matter of the hearing scheduled May 25, 2026PDF · Subscribers
Stay Extension Order dated April 1, 2026
  • Order date 1 April 2026
  • Stay extended to 25 May 2026
PDF · Subscribers
Application for the Issuance of an Order extending the Stay of Proceedings dated March 30, 2026
  • Stay extended to 15 May 2026
PDF · Subscribers
Thirteenth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated March 30, 2026
  • Operational summary Stornoway continues to operate under cold care and maintenance with no ongoing mining operations, focusing on planning and executing environmental decommissioning/restoration of the Renard Mine and monetization of remaining Core Assets, while paying current employees and suppliers in the normal course.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Stay Extension Order dated February 3, 2026
  • Order date 3 February 2026
  • Stay extended to 1 April 2026
PDF · Subscribers
Twelfth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated January 30, 2026
  • Operational summary Stornoway continues to operate under cold care and maintenance, paying current employees and suppliers in the normal course while advancing environmental rehabilitation planning, liquidation of Core and Non-Core assets, and dismantling of the Renard Mine buildings and equipment.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Application for the Issuance of an Order extending the Stay of Proceedings dated January 28, 2026
  • Bid deadline 10 December 2025
  • Stay extended to 1 April 2026
PDF · Subscribers
Application for the Issuance of a Stay extension order dated January 23, 2026
  • Order date 23 January 2026
  • Presiding officer Justice Karen M. Rogers
  • Stay extended to 3 February 2026
PDF · Subscribers
Stay Extension Order dated January 23, 2026
  • Order date 23 January 2026
  • Presiding officer Justice Karen M. Rogers
  • Stay extended to 3 February 2026
PDF · Subscribers
KERP Trust Termination Notice dated January 6, 2026PDF · Subscribers
Judgment on Application for the Enforcement of a Contractual Right to a Break Fee dated October 15, 2025
  • Presiding officer Justice Karen M. Rogers
PDF · Subscribers
Fifth Amended and Restated Initial Order dated September 29, 2025
  • Order date 29 September 2025
  • Presiding officer Justice Karen M. Rogers
  • Stay expiry 23 January 2026
PDF · Subscribers
Release Order dated September 29, 2025
  • Presiding officer Justice Karen M. Rogers
PDF · Subscribers
Eleventh Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated September 25, 2025
  • Closing confirmed Closed · date not stated · New Gold; Closed; Did not complete · date not stated · Winsome
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 9 more extracted facts
PDF · Subscribers
Application for the Issuance of a Fifth Amended and Restated Initial Order and a Release Order dated September 24, 2025
  • Stay extended to 23 January 2026
PDF · Subscribers
Monitor's Certificate for the Spare Parts Transaction dated June 9 2025 (French Original Version)
  • Closing confirmed Closed · date not stated · New Gold Inc.
PDF · Subscribers
Approval and Vesting Order dated June 10, 2025 (F
  • Closing terms Le certificat du Contrôleur est délivré lorsque la Convention d'achat est signée et conclue, le Prix d'achat est payé et toutes les conditions de clôture sont remplies ou ont fait l'objet d'une renonciation.
  • Order date 10 June 2025
  • Presiding officer Justice Karen M. Rogers
  • Sale outcome Sale approved — La Transaction est approuvée par la Cour, avec dévolution des Actifs achetés à l'Acheteur sur délivrance du Certificat du Contrôleur.
  • + 2 more extracted facts
PDF · Subscribers
Key Employee Retention Plan Trust Order dated June 10, 2025
  • Presiding officer Justice Karen M. Rogers
PDF · Subscribers
Liquidation Order dated June 10, 2025
  • Order date 10 June 2025
  • Presiding officer Justice Karen M. Rogers
  • Purchaser sale conducted by TCL under Commission Agreement; applicable purchasers of Assets not named · the Assets (as defined in the Commission Agreement) · auction · approved
  • Sale advisor TCL Asset Group Inc. (sale agent)
  • + 3 more extracted facts
PDF · Subscribers
Tenth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated June 7, 2025
  • Closing confirmed Closed · date not stated · Accès Industriel Minier Inc.; Closed · date not stated · New Gold
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 10 more extracted facts
PDF · Subscribers
Application for the Issuance of an Approval and Vesting Order, a Liquidation Order and Ancillary Relief dated June 6, 2025PDF · Subscribers
Monitor's Certificate for the Camps Transaction dated April 25, 2025 (French Original Version)
  • Closing confirmed Closed · 25 Apr 2025 · New Gold Inc.
PDF · Subscribers
Monitor's Certificate for the Mobile Equipment Transaction dated April 25, 2025 (French Original Version)
  • Closing confirmed Closed · 25 Apr 2025 · New Gold Inc.
PDF · Subscribers
Approval and Vesting Order dated April 17, 2025
  • Closing terms Prix d'achat remis au Contrôleur à la clôture, conservé en fidéicommis en attendant la détermination du rang de l'hypothèque légale de Gestion Houde Inc., puis distribué
  • Order date 17 April 2025
  • Presiding officer Justice Karen M. Rogers
  • Purchaser New Gold Inc. · les Actifs achetés · asset sale · approved
  • + 3 more extracted facts
PDF · Subscribers
Ninth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated April 15, 2025
  • Operational summary Stornoway operated under cold care and maintenance following completion of its final (fifth) milling campaign, finalized dismantling and closure of the underground mine, initiated environmental rehabilitation, and continued to sell Non-Core Assets while negotiating with New Gold on the Mobile Camps and Non-Core Equipment transactions.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Application for the Issuance of Approval and Vesting Orders dated April 11, 2025PDF · Subscribers
Approval Order dated February 24, 2025
  • Presiding officer Justice Karen M. Rogers
PDF · Subscribers
Order extending the Stay of Proceedings dated February 24, 2025
  • Order date 24 February 2025
  • Presiding officer Justice Karen M. Rogers
  • Stay extended to 30 September 2025
PDF · Subscribers
Eighth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated February 21, 2025
  • Operational summary Stornoway continues to operate under a cold care and maintenance regime at the Renard mine, having completed its final milling campaign and now focusing on dismantling underground installations, environmental rehabilitation, and monetizing non-core assets while pursuing a potential transaction with Winsome under its Call Option.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Application for the Issuance of an Order extending the Stay of Proceedings and for the Issuance of an Approval Order dated February 20, 2025
  • Stay extended to 30 September 2025
PDF · Subscribers
Order extending the Stay of Proceedings dated January 17, 2025
  • Order date 17 January 2025
  • Presiding officer Justice Karen M. Rogers
  • Stay extended to 28 February 2025
PDF · Subscribers
Application for the Issuance of an Order extending the Stay of Proceedings dated January 15, 2025
  • Stay extended to 28 February 2025
PDF · Subscribers
Seventh Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated January 15, 2025
  • Operational summary Stornoway continues to operate as a going concern under Care and Maintenance with limited milling campaigns (campaign #5 under way), while selling non-core assets such as mobile camps and awaiting Winsome's decision on its Call Option.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Fourth Amended and Restated Initial Order dated October 8, 2024
  • Order date 8 October 2024
  • Presiding officer Justice Karen M. Rogers
  • Stay expiry 24 January 2025
  • Stay extended to 24 January 2025
PDF · Subscribers
Sixth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated October 7, 2024
  • Closing confirmed Closed · 23 Aug 2024 · Accès Industriel Minier Inc.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 9 more extracted facts
PDF · Subscribers
Application for the Issuance of a Fourth Amended and Restated Initial Order and a Case Management Order dated October 4, 2024
  • Stay extended to 24 January 2025
PDF · Subscribers
Application to Cancel a Legal Hypothec (Gestion Houde) and Exhibits in Support thereof dated October 4, 2024PDF · Subscribers
Application to Cancel a Legal Hypothec (Meglab) and Exhibits in Support thereof dated October 4, 2024
PDF · Subscribers
Application to Cancel a Legal Hypothec (SCC modulaire) and Exhibits in Support thereof dated October 4, 2024PDF · Subscribers
Application to Cancel a Legal Hypothec (Services SC) and Exhibits in Support thereof dated October 4, 2024PDF · Subscribers
Application to Cancel a Legal Hypothec (Swallow-Fournier) and Exhibits in Support thereof dated October 4, 2024
PDF · Subscribers
Monitor's Certificate for the Transaction (French Original Version)
  • Closing confirmed Closed · 23 Aug 2024 · Accès Industriel Inc.
PDF · Subscribers
Approval and Vesting Order dated August 16, 2024 (French Original Version)
  • Closing terms Dévolution sur émission d'un Certificat du Contrôleur confirmant la signature de la Convention d'achat, le paiement du Prix d'achat et la satisfaction ou renonciation des conditions de clôture.
  • Order date 16 August 2024
  • Presiding officer Justice Karen M. Rogers
  • Sale outcome Sale approved — La Cour approuve la Transaction visant la vente des Actifs achetés à l'Acheteur
  • + 2 more extracted facts
PDF · Subscribers
Application for the Issuance of an Approval and Vesting Order dated August 12, 2024PDF · Subscribers
Fifth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated August 12, 2024
  • Operational summary Stornoway continues as a going concern with the Renard mine in Care and Maintenance, running limited milling campaigns to extract and sell remaining rough diamonds to absorb fixed costs while Winsome's call option is outstanding. It is also selling non-core assets.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Monitor's Certificate for the Key Employees Retention PlanPDF · Subscribers
Wage Earner Protection Program Order and Key Employee Retention Plan Trust Order dated May 28, 2024
  • Presiding officer Justice Karen M. Rogers
PDF · Subscribers
Application for the Issuance of a Wage Earner Protection Program Order and a Key Employee Retention Plan Trust Order dated May 24, 2024PDF · Subscribers
Approval Order dated April 4, 2024
  • Presiding officer Justice Karen M. Rogers
PDF · Subscribers
Third Amended and Restated Initial Order dated April 4, 2024
  • Order date 4 April 2024
  • Presiding officer Justice Karen M. Rogers
  • Stay expiry 10 October 2024
  • Stay extended to 10 October 2024
PDF · Subscribers
Fourth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated April 1, 2024
  • Operational summary Stornoway continues as a going concern with the Renard mine in Care and Maintenance and is paying current employees and suppliers in the normal course. The SISP produced a Call Option Agreement with Winsome Resources, for which Court approval and a stay extension to October 10, 2024 are sought.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Application for the Issuance of a Third Amended and Restated Initial Order and Approval Order dated March 28, 2024
  • Stay extended to 10 October 2024
PDF · Subscribers
Order Extending the Stay of Proceedings dated March 22, 2024
  • Order date 22 March 2024
  • Presiding officer Justice Karen M. Rogers
  • Stay extended to 5 April 2024
PDF · Subscribers
Application for the Issuance of an Order extending the Stay or Proceedings dated March 19, 2024
  • Stay extended to 4 April 2024
PDF · Subscribers
Order Approving certain Payments to Unaffected Creditors dated January 24, 2024
  • Presiding officer Justice Karen M. Rogers
PDF · Subscribers
Second Amended and Restated Initial Order dated January 24, 2024
  • Order date 24 January 2024
  • Presiding officer Justice Karen M. Rogers
  • Stay expiry 29 March 2024
  • Stay extended to 29 March 2024
PDF · Subscribers
Third Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated January 22, 2024
  • Operational summary The Renard mine is in Care and Maintenance during the restructuring; Stornoway continues to operate as a going concern, paying current employees and suppliers in the normal course while the Court-approved SISP continues, and an orderly liquidation is contemplated if the SISP fails.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Application for the Issuance of a Second Amended and Restated Initial Order and Ancillary Relief dated January 19, 2024
  • Order date 19 January 2024
  • Phase1 deadline 26 January 2024
  • Stay extended to 29 March 2024
PDF · Subscribers
Teaser
  • Bid deadline 19 January 2024
  • Sale advisor Deloitte Corporate Finance Inc. (financial advisor); Deloitte Restructuring Inc. (sale agent)
  • Sale outcome Sale process approved — SISP process launched to solicit interest in the sale of the Business
PDF · Subscribers
Amended and Restated Initial Order dated November 13, 2023
  • Order date 13 November 2023
  • Presiding officer Justice Karen M. Rogers
  • Stay expiry 25 January 2024
PDF · Subscribers
Second Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated November 9, 2023
  • Operational summary Stornoway has placed the Renard mine in care and maintenance and temporarily laid off approximately 450 employees. It is selling its remaining diamond inventory in November-December 2023 and running a court-approved sale and investment solicitation process (SISP), while seeking a stay extension to January 24, 2024.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Restated Initial Order dated November 3, 2023
  • Appointee Deloitte Restructuring Inc.
  • Appointee role Monitor
  • Commencement date 27 October 2023
  • Court SUPERIOR COURT (Commercial Division)
  • + 6 more extracted facts
PDF · Subscribers
Notice to Creditors dated November 1st, 2023
PDF · Subscribers
Notice to Employees dated Novemver 1st, 2023PDF · Subscribers
First Day Initial Order dated October 27, 2023
  • Appointee Deloitte Restructuring Inc.
  • Appointee role Monitor
  • Commencement date 27 October 2023
  • Court SUPERIOR COURT (Commercial Division)
  • + 6 more extracted facts
PDF · Subscribers
List of creditors dated October 27, 2023
PDF · Subscribers
SISP Approval Order dated October 27, 2023
  • Bid deadline 19 January 2024
  • Order date 27 October 2023
  • Outside date 19 April 2024
  • Break fee Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Application for the Issuance of an Initial Order, an Amended and Restated Initial Order and Ancillary Relief dated October 26, 2023
  • Stay expiry 5 November 2023
  • Stay extended to 24 January 2024
PDF · Subscribers
First Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as proposed Monitor dated October 26, 2023
PDF · Subscribers
Service List
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “11272420 Canada Inc. (Stornoway Diamonds Canada Inc.)” (CCAA), Superior Court of Québec. Retrieved 4 November 2026, https://proceedings.ca/case/11272420-canada-inc-stornoway-diamonds-canada-inc

Sources last checked · summary updated 8 August 2026 · Report a correction · Printed from proceedings.ca/case/11272420-canada-inc-stornoway-diamonds-canada-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.