Ontario · Receivership (court-appointed)
Sixth Report of the Receiver dated April 13, 2022
Court officer report · 13 April 2022
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What we verified from this filing10 verified
- cash on handnote: Also approximately USD74,000 held in the Receiver's US dollar receivership account · amount: 1200000 · currency: CAD · qualifier: approximately
- closing confirmedscope: PWH's hockey franchise which operates in the Western Hockey League · outcome: completed · effective: 2020-12-31 · date basis: stated · approval order date: 2020-12-16
- disbursementsnote: A separate USD-denominated statement for the same period shows total disbursements of 10,015,961 · since: May 7, 2020 · amount: 5326153 · currency: CAD
- operational summaryThe receivership has largely wound down, having sold PWH and other investments; the remaining realizable asset is Audible's Orla Warrants, which the Receiver is working to exercise and sell once Orla completes its planned refinancing, in order to fund the CRA Trust Claim and distributions to the Bridging Receiver.
- professional feesnote: Legal fees and disbursements separately shown as 509,076 CAD for the same period · party: KSV Restructuring Inc. (Receiver) · amount: 529777 · period: May 7, 2020 to April 13, 2022 · currency: CAD
- purchaserprice: sealed: false · scope: PWH's hockey franchise which operates in the Western Hockey League...and related assets · status: closed · name note: purchaser of PWH's hockey franchise and related assets, unnamed in visible text · structure: assets · name source: recital · relationship: unstated
- receipts cumulativenote: A separate USD-denominated statement for the same period shows total receipts of 10,090,088 · since: May 7, 2020 · amount: 6487585 · currency: CAD
- report date13 April 2022
- report noSixth Report
- sale outcometext: the PWH transaction closed on December 31, 2020 · scope: whole_business · status: closed