British Columbia · CCAA
Seventh Report of the Monitor
Court officer report · 23 July 2026
What we verified from this filing5 verified
- financial positionnote: Document states Petitioners owed approximately $39.4 million to third-party creditors, comprising secured lenders (~$22.6M), CRA GST (~$6.0M), trade creditors (~$6.3M), and other third-party creditors (~$4.5M); no total assets figure stated on these pages · page: 12 · as at: 2025-11-13 · basis: Approximate estimate stated in the Pre-Filing Report of the Proposed Monitor dated November 13, 2025 · scope: Petitioners (Square Nine King George Development Ltd. and Square Nine Builders Inc.), third-party creditors only · currency: CAD · total liabilities: 39400000
- secured creditorsnote: Approximate figure per Pre-Filing Report of the Proposed Monitor dated November 13, 2025; identified as senior secured lender; Dentons opined security valid and enforceable (subject to standard qualifications) · page: 12 · as of: 2025-11-13 · amount: 18500000 · debtor: Square Nine King George Development Ltd. / Square Nine Builders Inc. (Petitioners) · creditor: Cameron Stephens Mortgage Capital Ltd. (CSMC) · currency: CAD · security: Inventory loan/other financing for Belvedere; secured over the CSMC Priority Assets (lands owned by Square Nine King George)
- secured creditorsnote: Approximate figure per Pre-Filing Report dated November 13, 2025; individual (person) creditor identified as senior secured lender for the Puah Priority Assets; Dentons opined security valid and enforceable · page: 12 · as of: 2025-11-13 · amount: 400000 · debtor: Square Nine King George Development Ltd. / Square Nine Builders Inc. (Petitioners) · creditor: Chin Koon Puah · currency: CAD · security: Inventory loan/other financing for Belvedere; secured over the Puah Priority Assets (lands owned by Square Nine King George)
- secured creditorsnote: Combined stated figure for both entities per Pre-Filing Report dated November 13, 2025 ('$3.7 million to AMRN Holding Ltd. and 1137571 B.C. Ltd., respectively'); individual breakdown between the two entities not stated in this document · page: 12 · as of: 2025-11-13 · amount: 3700000 · debtor: Square Nine King George Development Ltd. / Square Nine Builders Inc. (Petitioners) · creditor: AMRN Holding Ltd. and 1137571 B.C. Ltd. · currency: CAD · security: Inventory loan/other financing for Belvedere
- secured creditorsnote: Outstanding GST amounts; deemed trust class; approximate figure per Pre-Filing Report dated November 13, 2025 · page: 12 · as of: 2025-11-13 · amount: 6000000 · debtor: Square Nine King George Development Ltd. / Square Nine Builders Inc. (Petitioners) · creditor: Canada Revenue Agency · currency: CAD