Party	Counsel	First seen	Source
ReceiverDoane Grant Thornton	Taylor McCaffrey LLP	21 Jan 2022	Application · 21 Jan 2022
CreditorBusiness Bank of Canada Development	Fillmore Riley LLP	9 Mar 2023	Application · 9 Mar 2023
CreditorBusiness Development Bank of Canada	Fillmore Riley LLP	21 Jan 2022	Application · 21 Jan 2022

Capital structureAs asserted in the filings

stated amounts, drawn to scale · 2 named without a figure

#	Priority class	Creditor	Amount	Source
4	Secured	Business Development Bank of Canada (BDC) · in 241 casesRegistered security against all present and after-acquired property of the Companies — Approximately $851,463 as at July 23, 2021 (per receivership application) with interest and costs continuing to accrue; BDC advised $956,241 as at December 20, 2021, inclusive of interim financing advanced to the Receiver; Receiver's legal counsel confirmed security valid and enforceable. Also BDC listed as owed $851,463 in Notice and Statement of Receiver dated September 17, 2021 (page 42) - earlier balance. — debtor: 5689482 Manitoba Ltd. and 5480052 Manitoba Ltd. · as of 20 Dec 2021	$956K	Receiver’s First Report – filed January 13, 2022
4	Secured	Business Development Bank of Canada (BDC) - Receiver's Borrowings/Interim Financing · in 241 casesas of 2021 receivership period — Interim financing advanced to the Receiver, principal amount — Court-ordered borrowing under Receivership Order; proposed to be repaid in full plus accrued interest — debtor: 5689482 Manitoba Ltd. and 5480052 Manitoba Ltd.	$50K	Receiver’s First Report – filed January 13, 2022
4	Secured	North American Leasing Inc.PPSA registrant appearing to hold security against the property — Amount owed stated as 'Unknown' in Notice and Statement of Receiver — debtor: 5689482 Manitoba Ltd. and 5480052 Manitoba Ltd. · as of 17 Sep 2021	—	Receiver’s First Report – filed January 13, 2022
8	Unsecured	Rural Municipality of Springfield (Property Tax Claim)as of not stated — Plus accruing penalties and interest; proposed to be repaid in full via Proposed Distributions; earlier figure of $27,277 shown in Notice and Statement of Receiver dated September 17, 2021 (page 42) as amount owed to a creditor holding security - inconsistent classification across documents — debtor: 5689482 Manitoba Ltd. and 5480052 Manitoba Ltd.	$55.7K	Receiver’s First Report – filed January 13, 2022
8	Unsecured	Unsecured creditors (aggregate as reported) · in 532 casesas of not stated — Document names no individual creditors for this aggregate figure — debtor: 5689482 Manitoba Ltd. and 5480052 Manitoba Ltd.	$13.8K	Receiver’s First Report – filed January 13, 2022
8	Unsecured	Canada Revenue Agency (CRA) · in 926 casesas of not stated — Stated as $Nil; CRA is currently completing a final audit of the Companies' taxation filings and accounts, so this figure may change - not a confirmed final amount — debtor: 5689482 Manitoba Ltd. and 5480052 Manitoba Ltd.	$0	Receiver’s First Report – filed January 13, 2022

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

RecoveriesAs stated in the filings

BDC: paid in full.EstimatedReceiver’s First Report – filed January 13, 2022 · 13 Jan 2022

Class	Creditor	Claims	Recovery	Basis	Source
Court charges	BDC	—	paid in full$50Kconditional	Estimatedper the receiver	Receiver’s First Report – filed January 13, 2022 · 13 Jan 2022
Secured	BDC	—	paid in full$906Kconditional	Estimatedper the receiver	Receiver’s First Report – filed January 13, 2022 · 13 Jan 2022
Secured	RM of Springfield	—	paid in full$55.7Kconditional	Estimatedper the receiver	Receiver’s First Report – filed January 13, 2022 · 13 Jan 2022

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.

Fees and ratesAs stated in the filings

2 engagements · 2 firms — latest: (firm not named), 9 Sep – 31 Dec 2021, $21,513.00 in feesReceiver’s First Report – filed January 13, 2022 · 13 Jan 2022

Firm	Period	Hours	Fees	Rates	Source
(firm not named)Counsel to the receiverfirm not named in the heading	9 Sep – 31 Dec 2021	—	$21,513.00ex. tax	not stated	Receiver’s First Report – filed January 13, 2022 · 13 Jan 2022
Grant Thornton LimitedReceiver	9 Sep – 31 Dec 2021	—	$57,949.25ex. tax	not stated	Receiver’s First Report – filed January 13, 2022 · 13 Jan 2022

Estate financialsReported figures — never derived

Total assets at filing$1.69M

As at 31 Oct 2020 · per Book value per unaudited financial statements for the year ended October 31, 2020, the most recent available statements; books and records only kept current until October 2020 · Combined entity - 5689482 Manitoba Ltd. and 5480052 Manitoba Ltd. (568 primarily holds investment in 548, which holds the tangible assets) — Assets comprised of: Amounts Receivable $16,908 (also stated as $16,907 in report text at page 6); Inventory $15,045; Equipment $59,591; Land, improvements & buildings $1,602,166; total as stated in Notice and Statement of Receiver is $1,693,710. Total liabilities not stated as a single figure - liabilities components reported separately as secured (BDC) and unsecured/preferred (RM of Springfield, CRA, trade creditors).

Documents

15 filings

Date	Document	File
18 Oct 2023	Receiver's Discharge Certificate dated October 18, 2023	PDF

9 Mar 2023	- Motion brief (Distribution & Discharge) – hearing March 9, 2023	PDF

9 Mar 2023	- Notice of Motion (Distribution & Discharge) – hearing March 9, 2023 Counsel TAYLOR McCAFREY LLP	PDF

9 Mar 2023	Discharge Order – March 9, 2023 Presiding officer Justice Edmond	PDF

17 Feb 2023	- Receiver’s Second Report – dated February 17, 2023	PDF

21 Jan 2022	Claims Process Order – pronounced January 21, 2022 Presiding officer Justice Edmond	PDF

21 Jan 2022	Notice of Motion (Sale Approval & Other) – hearing January 21, 2022 Counsel Fillmore Riley LLP	PDF

21 Jan 2022	Sale Approval & Vesting Order – pronounced January 21, 2022	PDF

13 Jan 2022	Motion Brief (Sale Approval & Other) – filed January 13, 2022	PDF

13 Jan 2022	Receiver’s First Report – filed January 13, 2022 Fee schedule Engagements: Form: invoice_listing · Rows: · Money: Tax: $6.96K · Label: GST/PST · Quote: 6,956.30 $ · Fees: $57.9K · Quote: 57,949.25 $ · Total: $64.9K · Quote: 64,925.47 $ · includes tax · includes disbursements · Approximate: false · Disbursements: $20 · Quote: 19.92 $ · Period: End: 2021-12-31 · Kind: interim · Quote: INTERIM SUMMARY OF PROFESSIONAL FEES FOR THE PERIOD OF SEPTEMBER 9, 2021 TO DECEMBER 31, 2021 · Start: 2021-09-09 · Approval: State: unstated · Averages: · Currency: · Invoices: Tax: 3436.74 · Fees: 28619.61 · Quote: to September 30, 2021 \| LCTB-1250 \| 28,619.61 $ \| 19.92 $ \| 28,639.53 $ \| 3,436.74 $ \| 32,076.27 $ · Total: 32076.27 · Period end: 2021-09-30 · Disbursements: 19.92; Tax: 1100.58 · Fees: 9171.5 · Quote: to October 31, 2021 \| LCTB-1251 \| 9,171.50 \| - \| 9,171.50 \| 1,100.58 \| 10,272.08 · Total: 10272.08 · Period end: 2021-10-31 · Disbursements: 0; Tax: 1172.29 · Fees: 9769.11 · Quote: to November 30, 2021 \| LCTB-1253 \| 9,769.11 \| - \| 9,769.11 \| 1,172.29 \| 10,941.40 · Total: 10941.4 · Period end: 2021-11-30 · Disbursements: 0; Tax: 1246.68 · Fees: 10389.03 · Quote: to December 31, 2021 \| LCTB-1254 \| 10,389.03 \| - \| 10,389.03 \| 1,246.68 \| 11,635.71 · Total: 11635.71 · Period end: 2021-12-31 · Disbursements: 0 · Firm text: Grant Thornton Limited · Firm quote: Grant Thornton Limited · Context quote: in its capacity as receiver of 5689482 Manitoba Ltd. and 5480052 Manitoba Ltd. and not in its personal or corporate capacity; Form: invoice_listing · Rows: · Money: Tax: $2.6K · Label: GST/PST · Quote: 2,595.56 $ · Fees: $21.5K · Quote: 21,513.00 $ · Total: $24.4K · Quote: 24,408.01 $ · includes tax · includes disbursements · Approximate: false · Disbursements: $299 · Quote: 299.45 $ · Period: End: 2021-12-31 · Kind: interim · Quote: INTERIM SUMMARY OF PROFESSIONAL FEES FOR THE PERIOD OF SEPTEMBER 9, 2021 TO DECEMBER 31, 2021 · Start: 2021-09-09 · Approval: State: unstated · Averages: · Currency: · Invoices: Tax: 744.1 · Fees: 6119.5 · Quote: to September 30, 2021 \| 647079 \| 6,119.50 $ \| 214.90 $ \| 6,334.40 $ \| 744.10 $ \| 7,078.50 $ · Total: 7078.5 · Period end: 2021-09-30 · Disbursements: 214.9; Tax: 1851.46 · Fees: 15393.5 · Quote: to December 31, 2021 \| 652662 \| 15,393.50 \| 84.55 \| 15,478.05 \| 1,851.46 \| 17,329.51 · Total: 17329.51 · Period end: 2021-12-31 · Disbursements: 84.55 · Context quote: Professional Fees - Receiver's Legal Counsel · Firm unverified: true Financial position Assets $1.69M · as at 31 Oct 2020 · per Book value per unaudited financial statements for the year ended October 31, 2020, the most recent available statements; books and records only kept current until October 2020 · Combined entity - 5689482 Manitoba Ltd. and 5480052 Manitoba Ltd. (568 primarily holds investment in 548, which holds the tangible assets) — Assets comprised of: Amounts Receivable $16,908 (also stated as $16,907 in report text at page 6); Inventory $15,045; Equipment $59,591; Land, improvements & buildings $1,602,166; total as stated in Notice and Statement of Receiver is $1,693,710. Total liabilities not stated as a single figure - liabilities components reported separately as secured (BDC) and unsecured/preferred (RM of Springfield, CRA, trade creditors). Recovery outcome Entries: per estimated; per estimated; per estimated · Stated on: 2022-01-13 · Table missing: The Receiver has prepared a projected statement of receipts and disbursements assuming the sale of the Water-Park Assets approved by the Court and closes in accordance with the Water-Park Sale Agreement. Secured creditors $956K · Note: Approximately $851,463 as at July 23, 2021 (per receivership application) with interest and costs continuing to accrue; BDC advised $956,241 as at December 20, 2021, inclusive of interim financing advanced to the Receiver; Receiver's legal counsel confirmed security valid and enforceable. Also BDC listed as owed $851,463 in Notice and Statement of Receiver dated September 17, 2021 (page 42) - earlier balance. · Page: 7 · As of: 2021-12-20 · Debtor: 5689482 Manitoba Ltd. and 5480052 Manitoba Ltd. · Creditor: Business Development Bank of Canada (BDC) · Security: Registered security against all present and after-acquired property of the Companies + 1 more extracted fact	PDF

9 Sep 2021	Notice of Motion (Appointing Receiver) – hearing September 9, 2021	PDF

9 Sep 2021	Receivership Order – pronounced September 9, 2021 Presiding officer Justice Edmond	PDF

31 Aug 2021	Motion Brief (Appointing Receiver) – filed August 31, 2021	PDF

31 Aug 2021	Statement of Claim – filed August 31, 2021	PDF

21 Jul 2021	Affidavit of Sundeep Sihota – sworn July 29,2021	PDF

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

CiteProceedings., “5689482 Manitoba Ltd. & 5480082 Manitoba Ltd. (o.a Fun Mountain)” (Receivership (court-appointed)), Court of King's Bench of Manitoba. Retrieved 20 September 2026, https://proceedings.ca/case/5689482-manitoba-ltd-5480082-manitoba-ltd-o-a-fun-mountain