Ontario · CCAA
Seventh Report of the Monitor
Court officer report · 30 April 2026
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What we verified from this filing4 verified
- closing confirmedscope: the Sale Transaction · outcome: completed · effective: 2025-08-27 · purchaser: Almex Canada, Limited · date basis: stated · approval order date: 2025-07-18
- purchaserAlmex Canada, Limited
- recovery outcomeentries: basis: actual · quote: (c) $12,000,000 to RBC on October 17, 2025, which constituted an interim distribution in respect of the Applicants' pre-filing secured indebtedness owing to RBC. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 12000000 · cumulative: false · amount high: 12000000 · class label: RBC (pre-filing secured indebtedness) · creditor name: RBC · interim final: interim · claims qualifier: unstated; basis: unstated · quote: No distributions have been made to BDC Capital as of the date of this report. · pct of: unstated · outcome: nil · class key: secured · stated by: monitor · class label: BDC Capital · claims amount: 3390000 · creditor name: BDC Capital · interim final: unstated · claims qualifier: unstated · stated on: 2026-04-30 · table missing:
- sale outcometext: The Applicants sold substantially all of their business to the Purchaser following a robust SISP. · scope: whole_business · status: closed