Ontario · CCAA
09. Seventh Report of the Monitor, dated April 21, 2026
Court officer report · 26 April 2026
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What we verified from this filing10 verified
- cash on handnote: Monitor separately held $772,578 in the Admin Reserve as of the same date, available for transfer. · as at: 2026-04-19 · amount: 373044 · currency: CAD
- closing confirmedscope: all of the shares of Phoena Holdings · outcome: completed · effective: 2024-04-16 · purchaser: 1000832157 Ontario Inc. · date basis: stated · approval order date: 2024-03-21
- disbursementsnote: Table total shows $451,276 due to rounding; text states $451,275. · since: April 14, 2025 · amount: 451275 · currency: CAD
- operational summaryThe Remaining Applicants have no employees and are winding down, with the Monitor and tax counsel pursuing recovery of Excluded Tax Assets via an HST Appeal and residual D&O Trust funds.
- professional feesnote: Reported as a disbursement category in the cash flow statement; not broken down by individual professional. · party: unspecified professionals (disbursement line item of the Remaining Applicants) · amount: 361562 · period: April 14, 2025 to April 19, 2026 · currency: CAD
- purchaser1000832157 Ontario Inc.
- receipts cumulativenote: Includes $806,374 in tax refunds and a $15,000 transfer from the Admin Reserve. · since: April 14, 2025 · amount: 821374 · currency: CAD
- report date21 April 2026
- report noSeventh Report
- sale outcometext: The Transaction closed on April 16, 2024. · scope: whole_business · status: closed