Newfoundland and Labrador · CCAA
Supplemental Third Report of the Monitor dated June 25, 2026
Court officer report · 25 June 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing5 verified
- operational summaryThe WEGH2 Group remains in CCAA protection with competing applications from the Companies and EDC; the Monitor recommends a sale and investment solicitation process to canvass the market for the Project and Port, funded by interim (DIP) financing. Operations are minimal, with some replacement lease revenue and ongoing professional costs.
- professional feesnote: Other unpaid post-filing professional/advisory amounts reported: Company legal counsel CAD$62,000 (estimated at June 9, 2026, plus later accruals); Kinetics Advisors Inc. USD$100,000 with a further USD$50,000 to be invoiced end of June 2026. Tax treatment not stated. The Monitor also advised the Companies that the costs of the Monitor, Monitor's Counsel and Company in the forecast are low. · party: Monitor and its legal counsel · amount: 56000 · period: unpaid post-filing, estimated at June 9, 2026, plus time and expenses accrued since that date · currency: CAD
- report date25 June 2026
- report noSupplemental Third Report
- sale outcometext: The Monitor recommends that a SISP be approved to canvass the market for the Companies' assets, property and undertaking. · scope: whole_business · status: process_approved