British Columbia · CCAA
Twelfth Report of the Monitor
Court officer report · 8 May 2025
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 filing7 verified
- cash on handnote: Held in the Petitioners' bank accounts and the Monitor's trust accounts; later described as approximately $17 million cash on hand. · as at: 2025-04-13 · amount: 17600000 · currency: CAD · qualifier: combined total of cash and guaranteed investment certificates
- operational summaryThe Petitioners are under CCAA protection with the Monitor holding enhanced powers; after completing sales of several properties, they are selling substantially all remaining real property and assets en bloc to Wildstone Capital for $22.75 million, while the Monitor continues collecting accounts receivable and runs a claims process.
- professional feesnote: Report states only that professional fees were $434,000 lower than anticipated (a variance against the Fourth Cash Flow Forecast due to timing differences); no total amount of fees incurred is stated. · party: Petitioners' professionals (period fees) · period: January 20 to April 13, 2025 · currency: CAD
- purchaserWildstone Capital Ltd.
- report date8 May 2025
- report noTwelfth Report
- sale outcometext: The Monitor is seeking approval of the Wildstone APA and Transaction, resulting in the sale of substantially all remaining assets. · scope: whole_business · status: pending_approval