Ontario · Receivership (court-appointed)
First Report to Court of Receiver
Court officer report · 28 September 2011
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What we verified from this filing9 verified
- disbursementssince: July 15, 2011 · amount: 322998.19 · currency: CAD
- operational summaryThe Receiver retained employees, reopened the golf course five days after appointment, and continued limited food and beverage operations while marketing and ultimately agreeing to sell the assets to Kinsale Investments.
- process resultsbids: 5 · ndas: 64 · note: 64 Confidentiality Agreements provided, 48 executed and returned; approximately 85 enquiries received. · as of: 2011-09-28 · qualified bids: 5
- professional feesnote: Statement of Receipts and Disbursements shows Receiver's Fees as a disbursement line item; legal fees of $20,342.00 shown separately · party: Receiver (BDO Canada Limited) · amount: 79184.8 · period: July 15, 2011 to September 23, 2011 · currency: CAD
- purchaserKinsale Investments Limited
- receipts cumulativenote: Total receipts for the period from July 15, 2011 to September 23, 2011; deposit held by Receiver from purchaser excluded · since: July 15, 2011 · amount: 373256.43 · currency: CAD
- report date28 September 2011
- report noFirst Report
- sale outcometext: Receiver seeking authorization to complete sale to Kinsale Investments Limited, the highest bidder in the sale process. · scope: whole_business · status: pending_approval