Alberta · CCAA
Twelfth Report of the Monitor
Court officer report · 7 October 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 filing14 verified
- secured creditorsnote: Court-ordered priority charge for professional fees; the stated figures are charge ceilings, not outstanding balances. Document says the Insolvency Professionals have financed the majority of the proceedings and have 'significantly aged, outstanding invoices', but states no total owing. · page: 7 · debtor: Debtor Companies · creditor: Insolvency Professionals (Monitor, its counsel, Canadian Rep Counsel, Offshore Rep Counsel) - Administration Charge · currency: CAD · security: Administration Charge, current maximum $3,500,000, ranking second behind the Interim Lender's Charge; proposed reduction to $1,000,000. Charge extended by the Charge Expansion Order of September 10, 2026 to the Offshore Investors' UFIs in the Lands and sale proceeds (incl. Fossil Creek Sale and Water District Sale), together with the Interim Lender's Charge.
- unsecured creditorsnote: Not a claim against any Debtor Company; owed by Mr. Lind personally. Included for completeness only; relates to the September 9 Hearing on standing. · page: 9 · as of: 2026-10-06 · basis: Costs Decision issued October 6, 2026 ordering Mr. Lind to pay costs in aggregate · amount: 10000 · debtor: Allan Lind (former director) · creditor: Monitor and Representative Counsel (costs payable by Allan Lind, not by a debtor) · currency: CAD
- secured creditorsnote: Document states only the charge ceiling/facility limit ($1,500,000), not the outstanding balance drawn. Initial advance was $500,000. This is post-filing (DIP) financing, not pre-filing debt. To be repaid from the New Interim Financing Facility. · page: 19 · debtor: Debtor Companies (via Monitor) · creditor: Pillar Capital Corp. (Interim Lender) - Existing Interim Financing Facility · currency: CAD · security: Interim Lender's Charge (court-ordered), current maximum $1,500,000 plus interest, fees and expenses on principal advanced; ranks first, ahead of the Administration Charge; matures November 30, 2026. Facility maximum $1,500,000 (amended from original $2,000,000 and $1,250,000).
- unsecured creditorsnote: Fees $86,387.50 plus GST $4,319.39; no disbursements. Post-filing professional fees, covered by Administration Charge; not pre-filing debt. Prior invoices were previously approved. · page: 24 · as of: 2026-08-29 · basis: Summary of the Monitor's Statements of Account (four invoices); approval of fees sought from the Court · amount: 90706.89 · debtor: A2A Group · creditor: Monitor (Alvarez & Marsal Canada Inc.) - fees and disbursements for May 3 to August 29, 2026 · currency: CAD
- unsecured creditorsnote: Fees $178,005.00 plus disbursements $1,987.30 (subtotal $179,992.30) plus GST $8,946.47. Post-filing professional fees, covered by Administration Charge. · page: 25 · as of: 2026-08-31 · basis: Summary of the Monitor's Counsel's Statements of Account (15 invoices); approval sought from the Court · amount: 188938.77 · debtor: A2A Group · creditor: Cassels Brock & Blackwell LLP (Monitor's Canadian counsel) - fees and disbursements for April 1 to August 31, 2026 · currency: CAD
- unsecured creditorsnote: Fees only, no disbursements, no GST. Post-filing professional fees, covered by Administration Charge. · page: 25 · as of: 2026-07-31 · basis: Summary of the Monitor's Counsel's Statements of Account (two invoices); approval sought from the Court · amount: 1461 · debtor: A2A Group · creditor: Reed Smith (Monitor's US counsel) - fees for April 1 to July 31, 2026 · currency: USD
- secured creditorsnote: Proposed/forecast, not yet approved by the Court and not a balance outstanding. Facility limit and charge ceiling are not balances. Post-filing DIP financing. · page: 67 · debtor: Borrowers (Debtor Companies, via Monitor) · creditor: Pillar Capital Corp. (Interim Lender) - New Interim Financing Facility (proposed) · currency: CAD · security: Proposed increase of Interim Lender's Charge from $1,500,000 to $5,500,000, first-ranking over all existing and after-acquired property incl. 100% of UFI units of Angus Manor, Wingham, Goderich and Meaford; 18% p.a. compounded monthly; 3% facility fee; $990,000 interest reserve; facility maximum $5,500,000.
- operational summaryThe Monitor continues running the Angus Manor and Additional Projects sale processes, with interest and some formal offers but no binding sale yet. It is seeking a new $5.5 million interim financing facility from Pillar to repay the existing facility maturing November 30, 2026 and to pay aged professional invoices.
- process resultsnote: Colliers notified approximately 2,000 parties (including 700 companies) at the May 2, 2025 listing launch of the Angus Manor Lands. · solicited: 2000
- professional feesnote: Exclusive of GST (GST $4,319.39; total $90,706.89). Monitor's Counsel fees also reported: Cassels Brock $179,992.30 (exclusive of GST) for the period to Aug 31, 2026; Reed Smith US$1,461.00 for the period to Jul 31, 2026. · party: Alvarez & Marsal Canada Inc. (Monitor) · amount: 86387.5 · period: approx. four-month Monitor Taxation Period to August 29, 2026 · currency: CAD
- report date7 October 2026
- report noTwelfth Report
- sale advisorColliers Macaulay Nicolls Inc., Brokerage
- sale outcometext: The Angus Manor Sale Process and the Additional Projects Sale Process remain ongoing; interest including formal offers has been received but no binding agreements have resulted. · scope: parcel · status: process_approved