Ontario · Proposal

Claims Package – Part 1 (Notice, Report, Proposal and Statement of Affairs)

Notice to creditors · 12 June 2026

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 filing1 verified

financial positionnote: Assets per Statement of Affairs: SkyCap Loans $11,960,671.00 plus tax refunds of $586,092.00 (2025, federal) and $250,000.00 (2026), totalling $12,796,763.00. Liabilities: secured creditors $12,796,763.00; preferred $0.00; unsecured $22,359,512.00 (Bonds shortfall); contingent/trust $0.00. Statement of Affairs shows a deficiency of $22,359,512.00 (labelled 'Surplus' on the form). Trustee Report describes the secured/unsecured split as based on an estimated combined fair value of approximately $12.8M for the SkyCap Loan and forecast tax refunds, with Bonds outstanding of approximately $35.2M including accrued interest. Proposal text separately estimates Bondholder Claims at approximately $34.0M ($12.8M secured and $22.3M unsecured). · as at: 2026-06-09 · basis: Form 78 Statement of Affairs (Corporate Proposal), sworn by Jeremy Wilson, President, on the filing date; management estimate based on Company books and records, not audited. The Proposal Trustee notes it has not audited or verified the information. · scope: Single entity: Limestone Loan Capital Corporation (not consolidated with SkyCap Financial, SkyCap LP or SkyCap GP) · currency: CAD · total assets: 12796763 · total liabilities: 35156275