Alberta · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 12 January 2026
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What we verified from this filing12 verified
- cash on handnote: Table header labeled '(CAD 000's)' but the narrative text states the plain dollar figure matching the table value, so treated as actual dollars, not thousands. · as at: 2026-01-02 · amount: 46025 · currency: CAD
- disbursementsnote: Shown as a negative figure in the schedule (parentheses) representing total outflows. · since: Date of Appointment · amount: 197883 · currency: CAD
- operational summaryThe Debtors' radio station operations continue on a going-concern basis under management supervision while the Receiver conducts a Sale Process; a Stalking Horse APA for the Alaska Assets has been accepted as the successful bid, and the Receiver is working with the highest bidder toward a separate sale of the Texas Assets.
- process resultsndas: 6 · note: in excess of 100 potential purchasers contacted; 6 signed NDAs · as of: 2025-12-09 · solicited: 100
- professional feesnote: Reported as a combined disbursement line 'Professional Fees & Sales Agent' rather than a single professional's fee. · party: Receiver's U.S. Legal Counsel, Realtor, and U.S. service provider for notifications and service to creditors · amount: 69392 · period: Date of Appointment to January 2, 2026 · currency: CAD
- purchaserAlaska First Media Inc.; price: sealed: false · scope: the Texas Assets · status: proposed · name note: highest bidder among Texas Assets Bidders, unnamed · structure: assets · name source: recital · relationship: unstated
- receipts cumulativesince: Date of Appointment · amount: 96185 · currency: CAD
- report date12 January 2026
- report noSecond Report
- sale advisorRealtor engaged by the Receiver
- sale outcometext: Stalking Horse APA accepted as Successful Alaska Assets Bid; Texas Assets sale in progress · scope: parcel · status: approved
- stalking horseAlaska First Media Inc. (1280798)