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.
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.
Existing 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.
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First Report of the Monitor,.doc
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“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
2 transactions · 2 proposed — Sale Process has experienced delays; proposed revisions to the Accepted Offer to Purchase are subject to further negotiationsFifth Report of the Monitor · 28 Jul 2006
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.
Operational summaryThe 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 positionSubscribers
Purchaserreferred to only as the Proposed Purchaser; unnamed in this report · seven commercial properties owned by Bricore Group · real property · proposed
Sale outcomeApproval pending — Sale Process has experienced delays; proposed revisions to the Accepted Offer to Purchase are subject to further negotiations
Sale Acceptance and Extension of Stay of Proceedings Order
Closing termsConditions to the Offer including completion of due diligence, lender approval, and assumption of existing mortgages
Outside date1 August 2006
Purchaserreferred to only as the 'Proposed Purchaser', unnamed · the Bricore Properties listed in Schedule "A" hereto · real property · proposed
Sale outcomeApproval pending — The CRO is authorized to accept the Offer to purchase the Bricore Properties, subject to conditions including due diligence and lender approval
Sale outcomeSale 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
Process results50 NDAs · 10 bids · as of 5 Apr 2006
Sale advisorCMN Calgary Inc. (sale agent)
Sale outcomeLiquidation in progress — Sale Process placed on hold following MAC's; multiple offers outstanding and a Revised Sale Process being implemented
ApplicantBRICORE LAND GROUP LTD., BRICORE INVESTMENT GROUP LTD., 624796 SASKATCHEWAN LTD., 603767 SASKATCHEWAN LTD., 583261 SASKATCHEWAN LTD. and HORIZON WEST MANAGEMENT LTD.
Commencement date13 February 2006
CourtIN THE QUEEN'S BENCH
JUDICIAL CENTRE OF SASKATOON
ApplicantBRICORE LAND GROUP LTD., BRICORE INVESTMENT GROUP LTD., 624796 SASKATCHEWAN LTD., 603767 SASKATCHEWAN LTD., 583261 SASKATCHEWAN LTD. and HORIZON WEST MANAGEMENT LTD.
ApplicantBRICORE LAND GROUP LTD., BRICORE INVESTMENT GROUP LTD., 624796 SASKATCHEWAN LTD., 603767 SASKATCHEWAN LTD., 583261 SASKATCHEWAN LTD. and HORIZON WEST MANAGEMENT LTD.
Commencement date4 January 2006
Court file noQ.B.G. No. ___ of 2006
Statutory basisCompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36
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.