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What we verified from this filing10 verified
- disbursementsnote: Total disbursements were $774,869 below the Cash Flow Forecast; absolute cumulative disbursement figure not stated. · since: Monitored Period up to week ended July 11, 2025 · currency: CAD
- fee scheduleengagements: form: rate_chart · rows: · money: approximate: false · period: kind: invoice · quote: The Proposal Trustee's fees for the NOI Proceedings for the period from May 15, 2025 to July 21, 2025, totaling $226,753.00 plus disbursements and applicable taxes, are set out below · approval: state: unstated · averages: rate: 494.66 · quote: The average hourly rate in respect of these accounts is $494.66. · currency: · invoices: · firm text: MNP Ltd. · firm quote: MNP Ltd. · context quote: MNP Ltd. was named as proposal trustee (the ' Proposal Trustee '); form: time_summary · rows: · money: approximate: false · period: end: 2025-07-21 · kind: invoice · label: Billing Period · quote: the period from April 24, 2025, through July 21, 2025 (the ' Billing Period ') · start: 2025-04-24 · approval: state: unstated · averages: rate: 705 · quote: resulting in an average hourly rate of $705.00 (exclusive of applicable taxes) · currency: · invoices: · firm text: Loopstra Nixon · firm quote: Statement of Accounts issued by Loopstra Nixon · hours total: quote: 29.40 hours were billed by Loopstra Nixon during the Billing Period · value: 29.4 · context quote: true copies of the Statement of Accounts issued by Loopstra Nixon in respect of services rendered to the Proposal Trustee for the period from April 24, 2025, through July 21, 2025 (the ' Billing Period ')
- operational summaryKilne continued operating in the ordinary course under Trustee monitoring while pursuing a SISP that resulted in the Stalking Horse Agreement being the sole qualified bid, with a reverse vesting order structure proposed to preserve the company's tax losses and facilitate closing.
- professional feesnote: Excludes HST; disbursements of $321 additionally noted; Loopstra Fees separately $16,409 excluding HST for April 24-July 21, 2025; estimated additional Fee Accrual up to $30,000 plus taxes. · party: Proposal Trustee (MNP Ltd) · amount: 79071 · period: April 24, 2025 to July 17, 2025 · currency: CAD
- purchaserKilne Cookware Inc.
- receipts cumulativenote: Total receipts during the Monitored Period, compared against Cash Flow Forecast. · since: start of Monitored Period (cash flow forecast period to week ended July 11, 2025) · amount: 924537 · currency: CAD
- report date23 July 2025
- report noSecond Report
- sale outcometext: SISP conducted with Stalking Horse Agreement as benchmark bid; RVO approval sought · scope: whole_business · status: pending_approval
- stalking horseKilne Cookware Inc.