Proceedings.

11272420 Canada Inc. (Stornoway Diamonds Canada Inc.)

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Active
Proceeding
CCAACompanies' Creditors Arrangement Act, RSC 1985, c C-36
Court
Superior Court of Québec
File
500-11-063053-231
Filings held78
Last activity27 Aug 2026
On the record1,060 days
Secured debt$3.18M
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
#Sale

The court granted an approval and vesting order. Closing terms, as extracted: 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. Sealed: Convention d'achat (Pièce R-6), Annexes A et B de la Pièce R-5.

Source: Approval and Vesting Order dated June 10, 2025 (F

#Sale

The court granted an approval and vesting order for the sale to New Gold Inc. Closing terms, as extracted: 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. Sealed: Convention d'achat-vente des camps mobiles (Pièce R-7).

Source: Approval and Vesting Order dated April 17, 2025

#Sale

The court granted an approval and vesting order. Closing terms, as extracted: 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. Sealed: Annexes A et B au Cinquième rapport du Contrôleur.

Source: Approval and Vesting Order dated August 16, 2024 (French Original Version)

Undated filings1 — no date appears on the document · show
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Filing

Service List — Application filed

PDF

AnalysisAll insights⁠

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 Québec18 orders, Oct 2023 – Aug 202612 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 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 · 3 named without a figure
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
SecuredSwallow-Fournier inc.Legal hypothec of construction registered against Sept-Îles lots under nos. 28 407 460 and 28 407 631 — Registration no. 28 407 631 was subsequently radiated/discharged (per requisition no. 28 447 164); registration no. 28 407 460 is not noted as discharged. — debtor: Stornoway Diamonds (Canada) Inc. (SDCI) · as of 23 Nov 2023$1.32MApplication to Cancel a Legal Hypothec (Meglab) and Exhibits in Support thereof dated October 4, 2024
SecuredISCO Canada Inc. · in 3 casesLegal hypothec of construction (no. 28 389 764) registered against Sept-Îles lots — Registration subsequently radiated/discharged (cancelled per requisition no. 28 747 122) — security no longer current as of registry update. — debtor: Stornoway Diamonds (Canada) Inc. (SDCI) · as of 15 Nov 2023$416KApplication to Cancel a Legal Hypothec (Meglab) and Exhibits in Support thereof dated October 4, 2024
Secured9039-4081 Québec inc.Legal hypothec of construction (no. 28 414 777) registered against Sept-Îles lots; Préavis d'exercice (vente sous contrôle de justice) also registered — debtor: Stornoway Diamonds (Canada) Inc. (SDCI) · as of 28 Nov 2023$261KApplication to Cancel a Legal Hypothec (Meglab) and Exhibits in Support thereof dated October 4, 2024
Secured9466-0339 Québec inc.Legal hypothec of construction (no. 28 404 751) registered against Sept-Îles lots; Ministère des Ressources naturelles et des forêts named as proprietor — debtor: Stornoway Diamonds (Canada) Inc. (SDCI) · as of 22 Nov 2023$87.7KApplication to Cancel a Legal Hypothec (Meglab) and Exhibits in Support thereof dated October 4, 2024
SecuredMeglab Électronique Inc.Avis d'hypothèque légale de construction registered against lots 4 981 186, 4 981 187 and 4 981 520 (Sept-Îles registration division) and against the Mining Lease; Préavis d'exercice du droit hypothécaire (vente sous contrôle de justice) also registered — Subject of this Application; Applicants allege the hypothec was registered without right (in violation of the CCAA stay and, per art. 2726 CCQ, cannot charge the Mining Lease or State-owned lots) and seek its cancellation. Quantum is not admitted; amount is as stated in the Notice of preservation and Prior Notice. — debtor: Stornoway Diamonds · as of 22 Nov 2023$87KApplication to Cancel a Legal Hypothec (Meglab) and Exhibits in Support thereof dated October 4, 2024
SecuredComputershare Trust Company of Canada · in 31 casesHypothèques (blanket, over droits de superficie / universalité de biens immeubles) registered with ceilings of $600,000,000.00 (ref. 20 891 488), $700,000,000.00 (ref. 20 891 489), and $150,000,000.00 (no. 24 998 649, dated 2019-10-30) — Acting apparently as trustee (registration ceilings, not stated outstanding balances); received cession of rank from DIAQUEM Inc. and from the Fonds de Solidarité F.T.Q. group. — debtor: Stornoway Diamonds (Canada) Inc. / Les Diamants Stornoway (Canada) Inc. · as of 7 Jul 2014—Application to Cancel a Legal Hypothec (Meglab) and Exhibits in Support thereof dated October 4, 2024
SecuredFonds de Solidarité des Travailleurs du Québec (F.T.Q.), Fonds Régional de Solidarité F.T.Q. Nord-du-Québec, Société en commandite, et autres · in 8 casesHypothèque universelle (blanket, over droits de superficie) registered under no. 19 074 260 — Registered amount of $20,000,000.00 is a registration ceiling, not a stated outstanding balance. Rank subsequently ceded/subordinated in favour of Société de Fiducie Computershare du Canada. — debtor: Stornoway Diamonds (Canada) Inc. / Les Diamants Stornoway (Canada) Inc. · as of 22 May 2012—Application to Cancel a Legal Hypothec (Meglab) and Exhibits in Support thereof dated October 4, 2024
SecuredDIAQUEM Inc.Hypothèque universelle (blanket, over droits de superficie) registered under no. 19 051 767 — Registered amount of $40,000,000.00 is a registration ceiling, not a stated outstanding balance. Rank subsequently ceded/subordinated in favour of Société de Fiducie Computershare du Canada. — debtor: Stornoway Diamonds (Canada) Inc. / Les Diamants Stornoway (Canada) Inc. · as of 14 May 2012—Application to Cancel a Legal Hypothec (Meglab) and Exhibits in Support thereof dated October 4, 2024

“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

Sale processAs stated in the filings

8 transactions · 3 proposed · 3 closed · 1 approved · 1 not completed — The LIFT Call Option Agreement represents the best available alternative for the potential monetization of the Assets in the current circumstancesFifthteenth Report to the Court submitted by Deloitte Restructuring… · 26 Jun 2026

Bids received

3

Tenth Report to the Court submitted by Deloitte…

Bid deadline

10 December 2025

Application for the Issuance of an Order extending the…

Phase 1 deadline

26 January 2024

Application for the Issuance of a Second Amended and…

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 saleSealed10% deposit already transferred to a trust account held by the Monitor; price payable in cash at closingProposedNinth Report to the Court submitted by Deloitte…
New Gold Inc.les Actifs achetés · asset saleSealed10% deposit already transferred to a trust account held by the Monitor; price payable in cash at closingClosed25 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 sale$2.4Mplus applicable sales tax, payable in cash at closingClosed23 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 · auction$1amount described as approximately $0.9 million in total proceeds collected, with $0.2 million additional expectedClosedEleventh 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)Fourteenth 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: $8M.FinalFifthteenth Report to the Court submitted by Deloitte Restructuring… · 26 Jun 2026

ClassCreditorClaimsRecoveryBasisSource
SecuredDiaquem$171M$8MFinalper the monitorFifthteenth Report to the Court submitted by Deloitte Restructuring… · 26 Jun 2026
SecuredStreamers$123M$8MFinalper the monitorFifthteenth 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.

Estate financialsReported figures — never derived
Total assets at filing$288M
Total liabilities at filing$309M

As at 30 Sep 2023 · per Non-Audited (9-month interim financial statements); figures expressed in thousands of Canadian dollars per table header · Consolidated basis (Stornoway group: 1127420 Canada Inc. and Stornoway Diamonds (Canada) Inc.) — Total liabilities figure derived directly from stated 'Total liabilities & Equity' (288,037) less stated Equity (-20,665); components (current liabilities 56,738 + long-term liabilities 251,964) also sum to 308,702, consistent with the separate Summary of Debts table total.

Cash on hand

$12.1M

As at 26 Jun 2026Fifthteenth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated June 26, 2026

Professional fees to date

$281K

As at 26 Jun 2026Fifthteenth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated June 26, 2026

Documents
78 filings
DateDocumentFile
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
Application for the Issuance of Stay Extension Orders dated August 21, 2026
  • Order date 27 August 2026
  • Stay extended to 16 October 2026
PDF
Approval Order dated July 3, 2026
  • Presiding officer Justice Karen M. Rogers
PDF
Fifthteenth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated June 26, 2026
  • Cash on hand $12.1M · Note: Excludes $5.1M of cash held in-trust by the Monitor · As at: 2026-06-14
  • 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.
  • Professional fees $281K · Note: Unfavorable variance of $171K vs budget attributable to additional work on the LIFT Call Option Agreement and environmental review · Party: Restructuring professionals (Monitor and counsel) · Period: 5-week period ended June 14, 2026
  • Purchaser 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 sale · proposed
  • + 4 more extracted facts
PDF
Application for the Issuance of an Order approving and Option Agreement and a Distribution dated June 23, 2026
  • Counsel Osler, Hoskin & Harcourt LLP
PDF
Stay Extension Order dated May 25, 2026
  • Counsel Osler Hoskin & Harcourt LLP
  • Order date 25 May 2026
  • Stay extended to 30 August 2026
PDF
Subject matter of the hearing scheduled May 25, 2026PDF
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
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
  • Secured creditors Note: Identified as one of Stornoway's 'Secured Creditors' (Streamers); no balance amount stated in this report. · Page: 6 · Debtor: Stornoway Diamonds (Canada) Inc. / 11272420 Canada Inc. · Creditor: Washington State Investment Board · Currency: CAD · Security: Streamer under stream agreement (Stream Encumbered Property)
PDF
Stay Extension Order dated April 1, 2026
  • Order date 1 April 2026
  • Stay extended to 25 May 2026
PDF
Application for the Issuance of an Order extending the Stay of Proceedings dated March 30, 2026
  • Stay extended to 15 May 2026
PDF
Thirteenth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated March 30, 2026PDF
Stay Extension Order dated February 3, 2026
  • Order date 3 February 2026
  • Stay extended to 1 April 2026
PDF
Twelfth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated January 30, 2026PDF
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
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
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
KERP Trust Termination Notice dated January 6, 2026PDF
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
Fifth Amended and Restated Initial Order dated September 29, 2025
  • Order date 29 September 2025
  • Stay expiry 23 January 2026
PDF
Release Order dated September 29, 2025
  • Presiding officer Justice Karen M. Rogers
PDF
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
  • Purchaser New Gold · spare parts transaction · asset sale · closed; TCL Asset Group Inc. · Remaining Non-Core Assets · auction · $1 · closed; Winsome · Stornoway or its assets as a going concern, pursuant to the Call Option Agreement · share sale · not completed
  • Sale advisor TCL Asset Group Inc. (liquidator)
  • Sale outcome No acceptable bid — Stornoway must initiate the orderly wind down of its operations and liquidation of its remaining assets following termination of the Call Option Agreement and failure to find an alternative buyer
PDF
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
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
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
  • 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.
  • Sealed items Convention d'achat (Pièce R-6); Annexes A et B de la Pièce R-5
PDF
Key Employee Retention Plan Trust Order dated June 10, 2025
  • Presiding officer Justice Karen M. Rogers
PDF
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)
  • + 2 more extracted facts
PDF
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
  • Process results 3 bids
  • Purchaser Accès Industriel Minier Inc. · certain Non-Core Assets · asset sale · closed; New Gold · the Non-Core Mobile Camps and the Non-Core Equipment · asset sale · closed; New Gold · certain spare parts (the 'Parts') · asset sale · proposed; end purchasers under TCL online public auction or private negotiated sale, unnamed · the Remaining Non-Core Assets · auction · proposed
  • Sale advisor TCL Assets Group Inc. (liquidator)
  • + 1 more extracted fact
PDF
Application for the Issuance of an Approval and Vesting Order, a Liquidation Order and Ancillary Relief dated June 6, 2025PDF
Monitor's Certificate for the Camps Transaction dated April 25, 2025 (French Original Version)
  • Closing confirmed Closed · 25 Apr 2025 · New Gold Inc.
PDF
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
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
  • Purchaser New Gold Inc. · les Actifs achetés · asset sale · price sealed · approved
  • Sale outcome Sale approved — Transaction approuvée par la Cour, dévolution à intervenir sur délivrance du Certificat
  • + 1 more extracted fact
PDF
Ninth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated April 15, 2025
  • Process results 12 solicited · 6 qualified bids · 11 bids · as of 20 Dec 2024
  • Purchaser New Gold Inc. · Mobile Camps · asset sale · price sealed · proposed; unnamed successful bidder for Non-Core Equipment (Purchased Assets) · 43 assets marketed during the Non-Core Equipment Call for Tender (the 'Purchased Assets') · asset sale · price sealed · proposed
  • Sale outcome Approval pending — The Monitor believes the Mobile Camps Transaction and the Non-Core Equipment Transaction should be approved by the Court
PDF
Application for the Issuance of Approval and Vesting Orders dated April 11, 2025PDF
Approval Order dated February 24, 2025
  • Presiding officer Justice Karen M. Rogers
PDF
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
Eighth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated February 21, 2025PDF
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
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
Application for the Issuance of an Order extending the Stay of Proceedings dated January 15, 2025
  • Stay extended to 28 February 2025
PDF
Seventh Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated January 15, 2025PDF
Fourth Amended and Restated Initial Order dated October 8, 2024
  • Order date 8 October 2024
  • Stay expiry 24 January 2025
  • Stay extended to 24 January 2025
PDF
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.
  • Purchaser Accès Industriel Minier Inc. · Non-Core Assets · asset sale · closed
  • Sale advisor Bonas Group (listing broker)
  • Sale outcome Liquidation in progress — Phase 1 of the non-core assets sale process closed with Accès; camps sale process ongoing; phase 2 being planned
PDF
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
Application to Cancel a Legal Hypothec (Gestion Houde) and Exhibits in Support thereof dated October 4, 2024PDF
Application to Cancel a Legal Hypothec (Meglab) and Exhibits in Support thereof dated October 4, 2024
  • Secured creditors Note: Registered amount of $20,000,000.00 is a registration ceiling, not a stated outstanding balance. Rank subsequently ceded/subordinated in favour of Société de Fiducie Computershare du Canada. · Page: 18 · As of: 2012-05-22 · Debtor: Stornoway Diamonds (Canada) Inc. / Les Diamants Stornoway (Canada) Inc. · Creditor: Fonds de Solidarité des Travailleurs du Québec (F.T.Q.), Fonds Régional de Solidarité F.T.Q. Nord-du-Québec, Société en commandite, et autres · Currency: CAD · Security: Hypothèque universelle (blanket, over droits de superficie) registered under no. 19 074 260
PDF
Application to Cancel a Legal Hypothec (SCC modulaire) and Exhibits in Support thereof dated October 4, 2024PDF
Application to Cancel a Legal Hypothec (Services SC) and Exhibits in Support thereof dated October 4, 2024PDF
Application to Cancel a Legal Hypothec (Swallow-Fournier) and Exhibits in Support thereof dated October 4, 2024
  • Secured creditors $87.7K · Note: Registration occurred post-filing; a Préavis d'exercice - vente sous contrôle de justice referencing this registration was filed 2024-04-17 (registration no. 28 636 246) · Page: 12 · As of: 2023-11-22 · Debtor: Les Diamants Stornoway (Canada) Inc. · Creditor: 9466-0339 Québec inc. · Security: Legal hypothec (construction) registered in the Sept-Îles Land Registry (registration no. 28 404 751) against the Property; Ministère des Ressources Naturelles et des Forêts listed as propriétaire
PDF
Monitor's Certificate for the Transaction (French Original Version)
  • Closing confirmed Closed · 23 Aug 2024 · Accès Industriel Inc.
PDF
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
  • Sale outcome Sale approved — La Cour approuve la Transaction visant la vente des Actifs achetés à l'Acheteur
  • Sealed items Annexes A et B au Cinquième rapport du Contrôleur
PDF
Application for the Issuance of an Approval and Vesting Order dated August 12, 2024PDF
Fifth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated August 12, 2024
  • Process results 60 solicited · 1 qualified bids · 7 bids · as of 28 Jun 2024
  • Purchaser Accès Industriel Minier inc. · the purchase of 29 of the 41 assets marketed during the non-core assets sale process (the ' Purchased Assets ') · asset sale · $2.4M · proposed
  • Sale outcome Approval pending — The Monitor believes the Accès Offer is in the best interest of stakeholders and supports Court approval of the transaction
PDF
Monitor's Certificate for the Key Employees Retention PlanPDF
Wage Earner Protection Program Order and Key Employee Retention Plan Trust Order dated May 28, 2024
  • Presiding officer Justice Karen M. Rogers
PDF
Application for the Issuance of a Wage Earner Protection Program Order and a Key Employee Retention Plan Trust Order dated May 24, 2024PDF
Approval Order dated April 4, 2024
  • Presiding officer Justice Karen M. Rogers
PDF
Third Amended and Restated Initial Order dated April 4, 2024
  • Order date 4 April 2024
  • Stay expiry 10 October 2024
  • Stay extended to 10 October 2024
PDF
Fourth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated April 1, 2024PDF
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
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
Application for the Issuance of an Order extending the Stay or Proceedings dated March 19, 2024
  • Stay extended to 4 April 2024
PDF
Order Approving certain Payments to Unaffected Creditors dated January 24, 2024
  • Presiding officer Justice Karen M. Rogers
PDF
Second Amended and Restated Initial Order dated January 24, 2024
  • Order date 24 January 2024
  • Stay expiry 29 March 2024
  • Stay extended to 29 March 2024
PDF
Third Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated January 22, 2024PDF
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
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
Amended and Restated Initial Order dated November 13, 2023
  • Order date 13 November 2023
  • Stay expiry 25 January 2024
PDF
Second Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated November 9, 2023
  • Process results 60 solicited · as of 13 Nov 2023
  • Sale advisor Deloitte Corporate Finance Inc. (financial advisor); Bonas-Couzyn (listing broker)
  • Sale outcome Sale process approved — SISP initiated, go-to-market materials being prepared, solicitation letter distribution expected to commence November 13, 2023
PDF
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
Notice to Creditors dated November 1st, 2023PDF
Notice to Employees dated Novemver 1st, 2023PDF
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
List of creditors dated October 27, 2023PDF
SISP Approval Order dated October 27, 2023
  • Bid deadline 19 January 2024
  • Order date 27 October 2023
  • Outside date 19 April 2024
  • Presiding officer Justice Karen M. Rogers
  • + 2 more extracted facts
PDF
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
First Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as proposed Monitor dated October 26, 2023
  • Financial position Assets $288M · Liabilities $309M · as at 30 Sep 2023 · per Non-Audited (9-month interim financial statements); figures expressed in thousands of Canadian dollars per table header · Consolidated basis (Stornoway group: 1127420 Canada Inc. and Stornoway Diamonds (Canada) Inc.) — Total liabilities figure derived directly from stated 'Total liabilities & Equity' (288,037) less stated Equity (-20,665); components (current liabilities 56,738 + long-term liabilities 251,964) also sum to 308,702, consistent with the separate Summary of Debts table total.
  • Secured creditors $7.19M · Note: Treated as unaffected creditor in CCAA proceedings; independent security review by Osler underway (opinion pending) · Page: 8 · As of: 2023-09-30 · Debtor: Stornoway (1127420 Canada Inc. and Stornoway Diamonds (Canada) Inc.) · Creditor: Washington State Investment Board · Security: Hypothec on the universality of all Stornoway property, movable and immovable, personal and real, corporeal and incorporeal, tangible and intangible, present and future (one of the 'Streamers')
PDF
Service List
  • Counsel McMillan LLP
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “11272420 Canada Inc. (Stornoway Diamonds Canada Inc.)” (CCAA), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/11272420-canada-inc-stornoway-diamonds-canada-inc

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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.