Alberta · CCAA
Amended Application
Application / notice of application · 14 October 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 filing5 verified
- secured creditorsnote: Document states only the facility maximum/charge quantum, not an outstanding balance; amount left null. The Monitor is to repay it from the First Advance ($3,000,000) of the New Interim Financing Facility. Charge being increased to $5,500,000 (New Term Sheet dated October 9, 2026, 18% p.a. interest compounded monthly, $5,500,000 maximum principal) upon the Monitor's Certificate. · page: 8 · debtor: Debtor Companies and Affiliate Entities (via Monitor) · creditor: Pillar Capital Corp. (Interim Lender) - Existing Interim Financing Facility · currency: CAD · security: Interim Lender's Charge under the ARIO, first ranking, currently $1,500,000 maximum plus interest, fees and expenses; matures November 30, 2026; extended by the Charge Expansion Order to the Offshore Investors' UFIs in the Lands and their interests in sale proceeds. Facility maximum principal $1,500,000.
- secured creditorsnote: Court-ordered priority charge, not a stated debt balance; the figure is the charge ceiling. The Insolvency Professionals have been bearing the risk and costs of the proceedings, and outstanding accounts owing to them are to be paid from the New Interim Financing Facility. · page: 8 · debtor: Debtor Companies and Affiliate Entities · creditor: Insolvency Professionals (Administration Charge: Monitor, its counsel, Canadian Rep Counsel, Offshore Rep Counsel) · currency: CAD · security: Administration Charge under the ARIO, currently $3,500,000 maximum, ranking second behind the Interim Lender's Charge; proposed to be reduced to $1,000,000; also extended to the Offshore Investors' UFIs by the Charge Expansion Order
- counselFriedmans LLP
- counselBennett Jones LLP
- counselHawash Cicack & Gaston LLP