Proceedings.

Bricore Group

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Proceeding
CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36
File
Q.B.G. No. 8 of 2006
Filings held26
Last activity9 Feb 2009
On the record7,565 days
OverviewSummary updated

Bricore Group is the subject of proceedings under the Companies' Creditors Arrangement Act in the Court of Queen's Bench, Judicial Centre of Saskatoon, under court file number Q.B.G. No. 8 of 2006. The application was brought by Bricore Land Group Ltd., Bricore Investment Group Ltd., 624796 Saskatchewan Ltd., 603767 Saskatchewan Ltd., 583261 Saskatchewan Ltd. and Horizon West Management Ltd. Ernst & Young Inc. was appointed monitor. North Point Capital Corp. holds second-mortgage security on the majority of the group's properties and is the proposed debtor-in-possession lender. The proceeding commenced on January 4, 2006 and remains active.

Claims processIf you are owed money

A claims procedure has been established — see the order for deadlines.

Per the Claims Process Order dated 13 February 2006.

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Case updates26 dated entries
#Report

The officer filed report no. Thirteenth Report of the Monitor. The report confirms that all conditions precedent to the Plan have been satisfied and the Plan Implementation Date occurred effective January 30, 2009, concluding the CCAA restructuring for the Bricore Group's commercial property holdings.

Source: Thirteenth Report of the Monitor

23 earlier updates, back to 4 January 2006 subscribers.

Parties

Debtor

Bricore Group

Monitor

EY

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice KochCourt of King's Bench for Saskatchewan10 orders, Jan 2006 – Dec 20062 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorEYRobertson Stromberg Pedersen LLP13 Feb 2006Order · 13 Feb 2006
CreditorCanadiana Developments LtdKanuka Thuringer LLP23 May 2006Order · 23 May 2006
CreditorDavid G. GereckeBalfour Moss · Fasken Martineau DuMoulin LLP13 Feb 2006Order · 13 Feb 2006
CreditorEmst & Young IncRobertson Stromberg Pedersen LLP23 May 2006Order · 23 May 2006
CreditorGMAC Commercial Mortgage of Canada Limited, on behalf of Merrill Lynch Capital Canada, IncMcDougall Gauley LLP13 Feb 2006Order · 13 Feb 2006
CreditorMidland Loan Services Inc. and MontroseFillmore Riley LLP23 May 2006Order · 23 May 2006
CreditorNorsask Mortgage Brokers LtdMorgan Law Office13 Feb 2006Order · 13 Feb 2006
CreditorNorth Point Capital CorpFasken Martineau DuMoulin LLP13 Feb 2006Order · 13 Feb 2006
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredExisting mortgagees on 583261 Saskatchewan Ltd. propertyas of December 31, 2005 — Mortgage(s) on sole property — Existing mortgages exceed the appraised selling value of the property (undercollateralized); amount not stated — debtor: 583261 Saskatchewan Ltd.First Report of the Monitor,.doc

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

2 more claims across lower-ranking classes

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Sale processAs stated in the filings

2 transactions · 2 proposedSale Process has experienced delays; proposed revisions to the Accepted Offer to Purchase are subject to further negotiationsFifth Report of the Monitor · 28 Jul 2006

PurchaserPriceStatusSource
referred to only as the 'Proposed Purchaser', unnamedthe Bricore Properties listed in Schedule "A" hereto · real property · agreement 9 Jun 2006SealedProposedoutside 1 Aug 2006Sale Acceptance and Extension of Stay of…
referred to only as the Proposed Purchaser; unnamed in this reportseven commercial properties owned by Bricore Group · real propertySealedProposedFifth Report of the Monitor
AdvisorsCMN Calgary Inc. (sale agent)Fourth Report of the Monitor
Closing termsConditions to the Offer including completion of due diligence, lender approval, and assumption of existing mortgagesSale Acceptance and Extension of Stay of Proceedings Order
Sealed materialsthe Offer to purchase the Bricore PropertiesSale Acceptance and Extension of Stay of Proceedings Order
RecoveriesAs stated in the filings

Unsecured creditors: a distribution. Braeside Management Ltd. paid in full · Spectra paid in full.EstimatedTenth Report of the Monitor · 26 Jan 2007

ClassCreditorClaimsRecoveryBasisSource
Deemed trustCRA's Secured Claimspaid in fullUnder the planvote pendingper the debtorAmended and Restated Plan · 22 Mar 2007
SecuredSecured Creditors holding security interests in the Six Propertiespaid in fullUnder the planvote pendingper the debtorAmended and Restated Plan · 22 Mar 2007
SecuredBraeside Management Ltd.paid in fullUnder the planvote pendingper the monitorTenth Report of the Monitor · 26 Jan 2007
SecuredSpectrapaid in fullEstimatedper the debtorAmended and Restated Plan · 22 Mar 2007
UnsecuredBricore Investment Group - unsecured creditorsa distributioncumulativeEstimatedper the monitorTenth Report of the Monitor · 26 Jan 2007

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.

8 stated figures across 5 outcomes, each sourced

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Documents
26 filings
DateDocumentFile
Thirteenth Report of the Monitor
  • Operational summary The report confirms that all conditions precedent to the Plan have been satisfied and the Plan Implementation Date occurred effective January 30, 2009, concluding the CCAA restructuring for the Bricore Group's commercial property holdings.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Twelfth Report of the MonitorPDF · Subscribers
Eleventh Report of the MonitorPDF · Subscribers
Amended and Restated Plan
  • Recovery outcome Entries: per plan; per estimated; per unstated; per unstated · Stated on: 2007-03-22 · Table missing:
PDF · Subscribers
Tenth Report of the Monitor
  • Recovery outcome Entries: per plan; per estimated; per estimated; per estimated; per estimated; per estimated · Stated on: 2007-01-26 · Table missing:
PDF · Subscribers
Nineth Report of the MonitorPDF · Subscribers
Extension of Stay; Extension of Appointment of CRO Order
  • Presiding officer Justice J.D. Koch
PDF · Subscribers
Eighth Report of the MonitorPDF · Subscribers
Seventh Report of the MonitorPDF · Subscribers
Extension of Stay Proceedings Order
  • Presiding officer Justice J.D. Koch
PDF · Subscribers
Order Before the Honourable Mr. Justice J. D. Koch in Chambers
  • Presiding officer Justice J. D. Koch
PDF · Subscribers
Sixth Report of the MonitorPDF · Subscribers
Extension of Stay of Proceedings Order
  • Presiding officer Justice J.D. Koch
PDF · Subscribers
Fifth Report of the Monitor
  • Purchaser referred to only as the Proposed Purchaser; unnamed in this report · seven commercial properties owned by Bricore Group · real property · proposed
  • Sale outcome Approval pending — Sale Process has experienced delays; proposed revisions to the Accepted Offer to Purchase are subject to further negotiations
  • Stalking horse Subscribers
PDF · Subscribers
Sale Acceptance and Extension of Stay of Proceedings Order
  • Closing terms Conditions to the Offer including completion of due diligence, lender approval, and assumption of existing mortgages
  • Outside date 1 August 2006
  • Purchaser referred to only as the 'Proposed Purchaser', unnamed · the Bricore Properties listed in Schedule "A" hereto · real property · proposed
  • Sale outcome Approval pending — The CRO is authorized to accept the Offer to purchase the Bricore Properties, subject to conditions including due diligence and lender approval
  • + 2 more extracted facts
PDF · Subscribers
Fourth Report of the Monitor
  • Process results 4 bids · as of 2 Jun 2006
  • Purchaser unnamed proposed purchaser under sealed Accepted Offer to Purchase · the Bricore Properties · real property · proposed
  • Sale advisor CMN Calgary Inc. (sale agent)
  • Sale outcome Approval pending — Offer to Purchase executed by CRO and proposed purchaser, recommended for approval
  • + 1 more extracted fact
PDF · Subscribers
Appointment of CRO; Extension of Stay of Proceedings; Additional DIP Financing Order
  • Presiding officer Justice J.D. Koch
PDF · Subscribers
Clarification of Sale Process Order
  • Counsel Morgan Law Office
  • Presiding officer Justice J.D. Koch
  • Sale outcome Sale process approved — the court-supervised sale process shall proceed on the basis that the Bricore Properties shall be offered for sale as part of the Sale Process and the Canadiana Properties shall not
  • Stalking horse Subscribers
PDF · Subscribers
Third Report of the Monitor,.doc
  • Process results 50 NDAs · 10 bids · as of 5 Apr 2006
  • Sale advisor CMN Calgary Inc. (sale agent)
  • Sale outcome Liquidation in progress — Sale Process placed on hold following MAC's; multiple offers outstanding and a Revised Sale Process being implemented
  • Stalking horse Subscribers
PDF · Subscribers
Claims Process Order
  • Presiding officer Justice J.D. Koch
PDF · Subscribers
Extension of Stay Order
  • Counsel Robertson Stromberg Pedersen LLP
  • Presiding officer Justice J.D. Koch
PDF · Subscribers
Order Amending Initial Order
  • Applicant BRICORE LAND GROUP LTD., BRICORE INVESTMENT GROUP LTD., 624796 SASKATCHEWAN LTD., 603767 SASKATCHEWAN LTD., 583261 SASKATCHEWAN LTD. and HORIZON WEST MANAGEMENT LTD.
  • Commencement date 13 February 2006
  • Court IN THE QUEEN'S BENCH JUDICIAL CENTRE OF SASKATOON
  • Court file no Q.B.G. No. 8 of 2006
  • + 3 more extracted facts
PDF · Subscribers
Second Report of the MonitorPDF · Subscribers
Extension of Stay and Adjournment Order
  • Presiding officer Justice J.D. Koch
PDF · Subscribers
First Report of the Monitor,.doc
  • Applicant BRICORE LAND GROUP LTD., BRICORE INVESTMENT GROUP LTD., 624796 SASKATCHEWAN LTD., 603767 SASKATCHEWAN LTD., 583261 SASKATCHEWAN LTD. and HORIZON WEST MANAGEMENT LTD.
  • Appointee Ernst & Young Inc.
  • Appointee role monitor
  • Commencement date 4 January 2006
  • + 5 more extracted facts
PDF · Subscribers
Initial Order
  • Applicant BRICORE LAND GROUP LTD., BRICORE INVESTMENT GROUP LTD., 624796 SASKATCHEWAN LTD., 603767 SASKATCHEWAN LTD., 583261 SASKATCHEWAN LTD. and HORIZON WEST MANAGEMENT LTD.
  • Commencement date 4 January 2006
  • Court file no Q.B.G. No. ___ of 2006
  • Statutory basis Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36
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., “Bricore Group” (CCAA), Court of King's Bench for Saskatchewan. Retrieved 20 September 2026, https://proceedings.ca/case/bricore-group

Sources last checked · summary updated 24 August 2026 · Report a correction · Printed from proceedings.ca/case/bricore-group

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.