Alberta · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 6 May 2024
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
- cash on handnote: Report states OMEI has no funds and therefore cannot run a lengthy sale process; no dated cash balance is given. · amount: 0 · currency: CAD
- operational summaryThe Receiver is realizing OMEI's real property: it seeks court approval of the sale of 118 Peregrine, the first-ranking secured creditor (North) is expected to receive net sale proceeds, and the credit unions are proceeding with their own judicial sale or foreclosure of the vacant lots and sales centre.
- process resultsbids: 2 · note: Two unsolicited offers received from Interested Parties; not from an active marketing process · as of: 2024-04-19
- purchaserRocky Mountain Investment Management Ltd.
- report date6 May 2024
- report noSecond Report
- sale advisorGreen
- sale outcometext: Receiver accepted a superior offer for 118 Peregrine and is seeking court approval of the Sale Agreement · scope: parcel · status: pending_approval