Alberta · CCAA
Monitor’s Second Report
Court officer report · 28 July 2020
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 filing4 verified
- closing confirmedscope: the B.C. Crane · outcome: completed · effective: 2020-07-17 · date basis: stated
- purchaserprice: note: highest and best offer received at $1.0 million; closed for $1.05 million including GST · basis: cash · amount: 1050000 · sealed: false · currency: CAD · scope: a redundant crane situated in northwest British Columbia (the 'B.C. Crane') · status: closed · name note: purchaser of the B.C. Crane not named in the report · structure: assets · name source: operative · relationship: unstated; price: note: approximate net proceeds after commissions and other realization costs · basis: cash · amount: 10000 · sealed: false · currency: CAD · scope: redundant office equipment and furnishings, and select surplus equipment (Acheson, Alberta) · status: closed · name note: purchasers at on-line auction conducted by Century Services Corp., unnamed · structure: auction · name source: operative · relationship: unstated; price: note: appraised value of $900,000 at March 19, 2019 · sealed: false · scope: a vacant industrial lot located in Chipman, Alberta · status: proposed · name note: to be sold at Ritchie Bros. Auctioneers scheduled sale on October 29, 2020; end purchasers not yet known · structure: auction · name source: operative · relationship: unstated
- sale advisorErnst & Young Orenda Corporate Finance Inc.; Sequeira Partners; Century Services Corp.; Ritchie Bros. Auctioneers (Canada) Ltd.
- sale outcometext: Final Bids for the Canadian Assets were received July 24, 2020 and are being evaluated; the U.S. Final Bid Deadline was extended to August 7, 2020; the Applicants have reserved August 14, 2020 for an approval application should there be any accepted offers. · scope: whole_business · status: bid_selected