British Columbia · NOI
First Report of the Monitor dated October 23, 2025
Court officer report · 23 October 2025
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 filing6 verified
- secured creditorsnote: Court-ordered priority charge securing professional fees; $150,000 is the charge limit, not an amount owing. · page: 3 · debtor: Antler Creek Contracting Ltd. · creditor: Administration Charge beneficiaries (Proposal Trustee/Monitor, its counsel, Company's counsel) · currency: CAD · security: Administration Charge of $150,000 (charge ceiling, not a balance) on all assets, property and undertakings; ranks ahead of all other security other than BIA ss. 14.06(7), 81.4(4), 81.6(2); continued under CCAA Oct 10, 2025
- secured creditorsnote: Facility limit only; outstanding drawn balance not stated in this report. Post-filing interim financing charge, not pre-filing debt. · page: 3 · debtor: Antler Creek Contracting Ltd. · creditor: 5352 Investments Ltd. (Interim Lender) · currency: CAD · security: Interim Facility (DIP) priority charge over the Company's assets, up to a principal amount of $800,000 (facility limit, not a drawn balance); ranks behind the Administration Charge and BIA ss. 14.06(7), 81.4(4), 81.6(2) claims; preserved under CCAA by Oct 10, 2025 order
- secured creditorsnote: Report states the cash purchase price in the Sale Transaction is tied to payment of all priority charges owed by the Company, including to the CRA; no amount stated. Deemed-trust/priority class. · page: 11 · debtor: Antler Creek Contracting Ltd. · creditor: Canada Revenue Agency (priority charges) · currency: CAD
- purchaser1556275 B.C. Ltd.
- sale outcometext: Sale Transaction approved October 10, 2025; closing expected October 24, 2025 was delayed because the Purchaser could not secure financing; closing now expected by November 14, 2025. · scope: whole_business · status: approved
- unsecured creditors