Earth Boring Co. Limited
- Proceeding
- CCAACCAA
Earth Boring Co. Limited remains under CCAA protection with Yarbridge Holdings Inc., Trolan Investments Ltd. and Yarfield Services Limited, having commenced proceedings on April 17, 2025 with an initial stay to April 27. Orders followed on April 24, May 5, May 28 and August 14, 2025, and the stay, previously running to July 4 and August 15, now extends to September 12, 2025. A sale process ran to a phase one deadline of June 27, 2025 and a bid deadline of August 11, 2025. The four applicants reported approximate assets of $83 million; liabilities are stated by entity, with EBCL at $72,070,201 as at August 31, 2024. Bank of Montreal, the principal secured creditor, was owed $22,273,506.58 as at April 10, 2025.
The stay of proceedings was extended to 2025-08-15.
Source: Third Amended and Restated Initial Order - Earth Boring Co. Limited et al. - Dated May 28th, 2025
Earth Boring Co. Ltd. et al. v. Town of Lincoln et al. Endorsment - Dated May 28th, 2025 — Endorsement / reasons
Motion Record – TARIO and SISP Approval Motion – Returnable May 28, 2025 — Application / notice of application
The stay of proceedings was extended to 2025-07-04.
Source: Second Amended and Restated Initial Order - Earth Boring Co. Limited et al.
Earth Boring Co. Ltd. et al v Town of Lincoln; Endorsement of Justice Steele — Endorsement / reasons
Motion Record - Comeback Hearing - Returnable April 24, 2025 — Application / notice of application
Debtor
Earth Boring Co. Limited
Monitor
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 11 orders, Apr 2025 – Sep 2025 | 245 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 3 orders, May 2025 | 318 cases on record |
| Justice Black | Ontario Superior Court of Justice | 2 orders, Oct 2025 | 198 cases on record |
| Justice Dietrich | Ontario Superior Court of Justice | 2 orders, Aug 2025 | 132 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorBDO | Reconstruct LLP | 20 Oct 2025 | Service list · 20 Oct 2025 |
| ApplicantEarth Boring Co. Limited | Reconstruct LLP | 17 Apr 2025 | Order · 17 Apr 2025 |
| PurchaserBRC | Torkin Manes LLP | 20 Oct 2025 | Service list · 20 Oct 2025 |
| CreditorAviva Insurance Company of Canada | Borden Ladner Gervais LLP | 20 Oct 2025 | Service list · 20 Oct 2025 |
| CreditorBank of Montreal | Aird & Berlis LLP | 20 Oct 2025 | Service list · 20 Oct 2025 |
| CreditorBronte Construction Limited | Rousseau Mazzuca LLP | 20 Oct 2025 | Service list · 20 Oct 2025 |
| CreditorC&M McNally | Bisceglia & Associates | 20 Oct 2025 | Service list · 20 Oct 2025 |
| CreditorCanadian Western Bank, Canadian Western Bank Leasing Inc | Lerners LLP | 20 Oct 2025 | Service list · 20 Oct 2025 |
| CreditorD'Andrea Contracting Limited | Bisceglia & Associates | 20 Oct 2025 | Service list · 20 Oct 2025 |
| CreditorEBCL | Torkin Manes LLP | 20 Oct 2025 | Service list · 20 Oct 2025 |
| CreditorEmpipe Solutions Ltd | SimpsonWigle LAW LLP | 20 Oct 2025 | Service list · 20 Oct 2025 |
| CreditorFDS Foundation Drilling Services Ltd | Miller Thomson LLP | 20 Oct 2025 | Service list · 20 Oct 2025 |
| CreditorGoRight Fleet Solutions Inc | Dentons Canada LLP | 20 Oct 2025 | Service list · 20 Oct 2025 |
| CreditorHarrenknecht Tunnelling Systems Canada, Inc | Loopstra Nixon LLP | 20 Oct 2025 | Service list · 20 Oct 2025 |
| CreditorKeller Foundations Ltd | Rousseau Mazzuca LLP | 20 Oct 2025 | Service list · 20 Oct 2025 |
| CreditorMichels Canada Co | McMillan LLP | 20 Oct 2025 | Service list · 20 Oct 2025 |
| CreditorRegional Municipality of Halton | WeirFoulds LLP | 20 Oct 2025 | Service list · 20 Oct 2025 |
| CreditorTedescon Infrastructure | Miller Thomson LLP | 20 Oct 2025 | Service list · 20 Oct 2025 |
| CreditorTown of Lincoln | Cozen O'Connor LLP | 20 Oct 2025 | Service list · 20 Oct 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Bank of Montreal (BMO) · in 297 casesCredit Agreement dated June 22, 2023, as amended July 22, 2024 and March 13, 2025; General Security Agreement dated June 22, 2023; comprises BMO Operating Loan (facility limit $15,000,000; balance ~$15,049,335.63) and BMO Capex Line (facility limit $5,000,000; three active drawdown loan accounts) — BMO described as EBCL's principal secured creditor; total is the stated aggregate owed under the Credit Agreement as of April 10, 2025 — debtor: Earth Boring Co. Limited (EBCL) · as of 10 Apr 2025 | $22.3M | Application Record - Returnable April 17, 2025 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
7 more claims in 3 classes The stack holds Secured, PMSI / lessors and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSecured creditors: no distribution. Canada Revenue Agency no distribution · BMO short.Fifth Report of the Monitor · 20 Oct 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trustYarfield (CRA source deductions liability) | Canada Revenue Agency | estimated | no distribution | per the monitor | Supplement to the Fifth Report of the Monitor · 27 Oct 2025 |
| Secured | remaining Lien Charge claims | — | no distribution | per the monitor | Fifth Report of the Monitor · 20 Oct 2025 |
| Secured | BMO | — | shortfall | Estimatedper the monitor | Fifth Report of the Monitor · 20 Oct 2025 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans6 engagements · 2 firms — latest: Gowling WLG (Canada) LLP, 31 Aug – 17 Sep 2025Fifth Report of the Monitor · 20 Oct 2025
| Firm | Period | Hours | Fees | Rates | Source | ||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BDO Canada LimitedMonitorperiod 2 of 3 | 19 Jul – 31 Aug 2025 | 4 people | Fourth Report of the Monitor · 9 Sep 2025 | ||||||||||||||||||||||||||||||||
4 people — BDO Canada Limited, 19 Jul – 31 Aug 2025 · 14 blurred figures
| |||||||||||||||||||||||||||||||||||
| BDO Canada LimitedMonitorperiod 2 of 3 | 16 Aug – 31 Aug 2025 | — | 3 people | Fourth Report of the Monitor · 9 Sep 2025 | |||||||||||||||||||||||||||||||
3 people — BDO Canada Limited, 16 Aug – 31 Aug 2025 · 9 blurred figures
| |||||||||||||||||||||||||||||||||||
| BDO Canada LimitedMonitorperiod 1 of 3 | the Period | — | Fifth Report of the Monitor · 20 Oct 2025 | ||||||||||||||||||||||||||||||||
| Gowling WLG (Canada) LLPCounsel to the monitorperiod 3 of 3 | 31 Aug – 17 Sep 2025 | — | Fifth Report of the Monitor · 20 Oct 2025 | ||||||||||||||||||||||||||||||||
| Gowling WLG (Canada) LLPCounsel to the monitorperiod 2 of 3 | 1 Aug – 31 Aug 2025 | 3 people | Fourth Report of the Monitor · 9 Sep 2025 | ||||||||||||||||||||||||||||||||
| Gowling WLG (Canada) LLPCounsel to the monitorperiod 1 of 3 | — | — | Third Report of the Monitor · 13 Aug 2025 | ||||||||||||||||||||||||||||||||
46 blurred figures above
What each firm billed, and each person’s hours and rate — each as the filing states it, with its source.
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See all plansAs at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Earth Boring - Monitor's Termination Certificate | PDF · Subscribers | |
| FAQ - 1001343933 Ontario Inc dated November 13, 2025 | PDF · Subscribers | |
| Creditors Package - 1001343933 Ontario Inc | PDF · Subscribers | |
Distribution and Ancillary Relief Order
| PDF · Subscribers | |
Endorsement of Justice Black
| PDF · Subscribers | |
| Factum of the Monitor - Earth Boring Co. Limited et al. | PDF · Subscribers | |
Service List (Updated October 27, 2025)
| PDF · Subscribers | |
Supplement to the Fifth Report of the Monitor
| PDF · Subscribers | |
Fifth Report of the Monitor
| PDF · Subscribers | |
Service List (October 20, 2025)
| PDF · Subscribers | |
Endorsement of Justice Steele - Dated September 15, 2025
| PDF · Subscribers | |
Issued Approval and Reverse Vesting Order
| PDF · Subscribers | |
Endorsement of justice J. Dietrich- Dated September 9, 2025
| PDF · Subscribers | |
Fourth Report of the Monitor
| PDF · Subscribers | |
| Factum of the Applicants - Earth Boring Co. Limited et al. | PDF · Subscribers | |
| Motion Record - Applicants | PDF · Subscribers | |
Endorsement of justice J. Dietrich
| PDF · Subscribers | |
Stay Extension Order
| PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
Earth Boring Co. Ltd. et al. v. Town of Lincoln et al. Endorsment - Dated May 28th, 2025
| PDF · Subscribers | |
SISP Approval Order - Dated May 28th, 2025
| PDF · Subscribers | |
Third Amended and Restated Initial Order - Earth Boring Co. Limited et al. - Dated May 28th, 2025
| PDF · Subscribers | |
Second Report of the Monitor - Dated May 27th, 2025
| PDF · Subscribers | |
| Factum of the Applicants - Earth Boring Co. Limited et al. - Dated May 26th, 2025 | PDF · Subscribers | |
| Motion Record – TARIO and SISP Approval Motion – Returnable May 28, 2025 | PDF · Subscribers | |
Earth Boring Co. Ltd. et al v Town of Lincoln; Endorsement of Justice Steele
| PDF · Subscribers | |
Second Amended and Restated Initial Order - Earth Boring Co. Limited et al.
| PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
Endorsement of Justice Steele
| PDF · Subscribers | |
| Aide Memoire of the Applicants - Comeback Hearing | PDF · Subscribers | |
| First Report of the Monitor | PDF · Subscribers | |
| Motion Record - Comeback Hearing - Returnable April 24, 2025 | PDF · Subscribers | |
| Newspaper Notice of Initial Order | PDF · Subscribers | |
| Notice to Creditors (Initial Order) | PDF · Subscribers | |
Further Reasons of Justice Steele re Initial Order
| PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
Initial Order Endorsement
| PDF · Subscribers | |
| Known Creditors - Earth Boring Co Limited | PDF · Subscribers | |
Known Creditors - Trolan Investments Ltd
| PDF · Subscribers | |
| Known Creditors - Yardbridge Holdings Inc | PDF · Subscribers | |
| Known Creditors - Yarfield Services Limited | PDF · Subscribers | |
Lien Regularization Order
| PDF · Subscribers | |
Application Record - Returnable April 17, 2025
| PDF · Subscribers | |
Monitor's Pre-Filing Report
| PDF · Subscribers | |
| Certificate for the Notice of Intention | 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., “Earth Boring Co. Limited” (CCAA), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/earth-boring-co-limited