British Columbia · CCAA
Petition to the Court
Application / notice of application · 24 September 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 filing2 verified · 6 withheld
- court file noS-257237
- secured creditorsnote: Approximate indebtedness stated as "approximately $35.4 million" as at Aug 5, 2025, including outstanding principal, accrued/unpaid interest, and continuing fees/expenses; senior lender on Spruce Project, subordinate interest on other Minglian Group projects. Personal guarantee exists from Mr. Sean Huang (director/officer/owner) - related party. · page: 9 · as of: 2025-08-05 · amount: 35400000 · debtor: 0882892 B.C. Ltd. (Spruce Nominee) and Minglian Holdings Ltd. (Beneficial Owner), joint and several · creditor: National Bank of Canada ("NBC") · currency: CAD · security: Commitment Letter Credit Facilities (aggregate principal $37,875,000: Construction Loan up to $36,625,000 and L/C Facility up to $1,250,000); Security Documents include a $37,875,000 mortgage on the Spruce Project Lands and a first-ranking security agreement over all related personal property; also guaranteed by Beneficial Owner, Personal Guarantor Mr. Sean Huang, and Minglian Group entities (Truswell Nominee 0724674 B.C. Ltd., Pridham Nominee 1308433 B.C. Ltd., Camino Nominee 0714061 B.C. Ltd.)
6 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.