Newfoundland and Labrador · CCAA
Trustee Preliminary Report dated February 20, 2026
Court officer report · 20 February 2026
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 filing8 verified
- closing confirmedscope: the assets, properties, business and undertakings of GCL · outcome: completed · effective: 2026-02-05 · purchaser: 98536 Newfoundland and Labrador Ltd. · date basis: stated · approval order date: 2026-01-12
- financial positionnote: Trustee confirms Residual Co. has no assets remaining and is not operating; total creditor claims listed at Appendix F totalling $152,805.85 CAD (secured $515.68, unsecured $152,290.17) not reported as a stated liabilities total by the Trustee itself. · basis: Trustee's confirmation following Final Distribution Order · scope: entity - Residual Co. (99573 Newfoundland & Labrador Limited) · currency: CAD · total assets: 0
- operational summaryResidual Co. was a newly incorporated entity used solely to close the CCAA sale transaction; it has no directors, officers, or employees, did not operate, has no remaining assets, and is not carrying on any business.
- professional feesnote: Retainer of $14,375 total, being $12,500 plus HST, paid in advance by GCL to cover Trustee fees. · party: Grant Thornton Limited (Trustee) · amount: 12500 · currency: CAD
- purchaser98536 Newfoundland and Labrador Ltd.
- report date20 February 2026
- report noPreliminary Report
- sale outcometext: The Transaction closed on February 5, 2026 · scope: whole_business · status: closed