Alberta · Receivership (court-appointed)
First Report of the Receiver dated May 14, 2026
Court officer report · 14 May 2026
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What we verified from this filing9 verified
- closing confirmedscope: the Transaction · outcome: completed · effective: 2024-09-09 · purchaser: Buffalo Rock Mining Co. Ltd. · date basis: stated · approval order date: 2024-09-05
- operational summaryThe receivership relates to a completed sale of KILP's business and assets; the Receiver's remaining role concerns resolving reclamation/environmental obligations on the Vandervalk Quarry before concluding the proceedings.
- process resultsndas: 9 · note: Nine parties signed the NDA in connection with the sale process carried out by Tailwind
- purchaserBuffalo Rock Mining Co. Ltd.
- recovery outcomeentries: basis: estimated · quote: CIBC, which is expected to incur a significant shortfall on the Outstanding Indebtedness, supports the Transaction. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: CIBC · creditor name: CIBC · interim final: unstated · claims qualifier: unstated · table missing:
- report date14 May 2026
- report noFirst Report of the Receiver
- sale advisorTailwind Ventures
- sale outcometext: The Transaction closed pursuant to the APA and AVO · scope: whole_business · status: closed