Trinity Pointe Development by Time Development Ltd., Receivership

Time Development Ltd., developer of the Trinity Pointe project in Alberta, has been under court-appointed receivership since March 11, 2010, when Canadian Western Bank obtained the appointment of Deloitte & Touche Inc. as receiver and manager. The appointment rests on section 243 of the Bankruptcy and Insolvency Act together with provincial Judicature Act authority, and the proceeding is carried on the docket of the Court of King's Bench of Alberta — sitting as the Court of Queen's Bench when the order was made — under court file number 1003 02670. The receivership remains active.