Ontario · CCAA
Third Report of Monitor dated June 30, 2026
Court officer report · 30 June 2026
What we verified from this filing7 verified
- report date30 June 2026
- report noThird Report
- operational summarySince the June 24 Endorsement, the Applicants and the Monitor have engaged with the Applicants' various stakeholders to advance the terms of a sale and investment solicitation process (SISP) to be led by the Monitor and an interim financing facility (DIP Facility) to support operations through closing of a transaction with a successful bidder, as well as address issues raised by the Bank of Nova Scotia (BNS).
- professional feesamount: 575000 · currency: CAD
- cash on handamount: 645000 · currency: CAD
- receipts cumulativeamount: 1330000 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: If the transaction proposed is implemented, there will be no recovery for BDC and unsecured creditors behind it (approx.. $7.7 million). · pct of: unstated · outcome: nil · class key: unsecured · stated by: court · class label: BDC Capital Inc. (subordinate secured creditor) and unsecured creditors behind it · claims amount: 12000000 · creditor name: BDC Capital Inc. · interim final: unstated · conditional on: if the transaction proposed is implemented · claims qualifier: asserted · table missing: