Alberta · CCAA
Third Report of the Monitor
Court officer report · 14 July 2026
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What we verified from this filing15 verified
- report date14 July 2026
- report noThird Report
- professional feesamount: 572000 · currency: CAD
- receipts cumulativeamount: 1877000 · currency: CAD
- cash on handamount: 1017000 · currency: CAD
- operational summaryOverall, the Companies maintained sufficient liquidity throughout CFS#2 and actual cash flow results were generally consistent with the forecasts.
- cash on handas at: 2026-07-03 · amount: 1017000 · currency: CAD
- operational summaryThe Companies continue to operate the Water Assets business while the Monitor runs a SISP; GIOC's shares are being sold to Firefall as a going concern, preserving jobs and avoiding bankruptcy or liquidation.
- process resultsbids: 10 · ndas: 25 · note: 10 Phase 2 Bids received, including 4 en bloc offers and 6 offers for specific Water Assets · as of: 2026-06-11 · solicited: 40
- professional feesnote: Reported in $000's in the CFS#2 variance table; lower than forecast due to timing of invoicing. · party: Professional fees (aggregate, per Companies' cash flow, actual vs. CFS#2 projection) · amount: 572000 · period: May 16, 2026 to July 3, 2026 · currency: CAD
- purchaserFirefall Energy Inc.
- report date14 July 2026
- report noThird Report of the Monitor
- sale advisorSelling Agent
- sale outcometext: Monitor identified Firefall as the Successful Bidder and has been working to finalize the Firefall APA; sole remaining material condition is Court approval · scope: parcel · status: pending_approval