British Columbia · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 5 November 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 filing7 verified
- cash on handnote: Held in the Receiver's estate trust accounts; a further $44,000 is held in a segregated holdback account. The Interim R&D table shows Cash on Hand of $1,100 (CAD in thousands). · as at: 2026-11-02 · amount: 1100000 · currency: CAD · qualifier: approximately
- disbursementsnote: Total Disbursements per the Interim R&D (21,242 in CAD thousands); largest items are General Contractor $11,332K and holdback release $6,247K. · since: 2025-09-05 (Receivership Date), through 2026-11-02 · amount: 21242000 · currency: CAD
- operational summaryThe Receiver funded and completed construction of the Project, which obtained its occupancy permit on September 1, 2026, and is now seeking approval of a reverse vesting sale of the Project to the senior secured lender Shape, while AY continues to solicit competing offers.
- professional feesnote: Professional fees disbursed per the Interim R&D (shown as (1,458) in CAD thousands); the report states these relate to the Receiver and its legal counsel. No statement on whether tax is included. · party: the Receiver and its legal counsel · amount: 1458000 · period: 2025-09-05 to 2026-11-02 · currency: CAD
- receipts cumulativenote: Total Receipts per the Interim R&D (22,342 in CAD thousands); includes $2,554K opening cash on hand, $18,896K Receiver borrowings, $695K GST refunds and $198K other receipts. · since: 2025-09-05 (Receivership Date), through 2026-11-02 · amount: 22342000 · currency: CAD
- report date5 November 2026
- report noSecond Report