Ontario · Receivership (court-appointed)
First Report of the Sales Officer
Court officer report · 25 July 2025
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What we verified from this filing12 verified
- applicantWaygar Capital Inc., as agent for NinePoint Canadian Senior Debt Master Fund LP
- appointeeErnst & Young Inc.
- appointee rolesales officer
- commencement date4 April 2025
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file no35-2743458
- statutory basissubsection 243(1) of the Bankruptcy and Insolvency Act (Canada) and Section 101 of the Courts of Justice Act
- secured creditorsnote: Described as 'the Lenders' (plural) owed 'in excess of $50 million' as of last debt service payment June 2021; exact figure not stated - security opinion regarding validity/enforceability still pending per para 42. · page: 3 · debtor: El Mocambo Entertainment Inc., El Mocambo Productions Inc. and 2446928 Ontario Inc. (formerly known as Elmorealty Inc.) · creditor: Waygar Capital Inc., as agent for NinePoint Canadian Senior Debt Master Fund LP · currency: CAD
- process resultsbids: 3 · ndas: 24 · note: 89 parties contacted, 24 executed NDAs, 9 conducted tours, multiple First Round Offers received, and three Second Round Offers received by the extended Second Round Offer Deadline of July 10, 2025. · as of: 2025-07-10 · solicited: 89 · qualified bids: 3
- purchaser100069934 Ontario Inc.
- sale advisorErnst & Young Inc.
- sale outcometext: The Sales Officer determined the 9934 APA represented the best offer and recommends Court approval; the transaction has not yet closed. · scope: whole_business · status: pending_approval