Alberta · Receivership (court-appointed)
Fourth Report of the Receiver
Court officer report · 12 August 2024
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What we verified from this filing11 verified
- cash on handnote: Figure is 'Cash on hand (A + B + C)' from the Statement of Receipts and Disbursements covering the Receivership Date (August 31, 2023) to July 7, 2024. · as at: 2024-07-07 · amount: 3214053 · currency: CAD
- closing confirmedscope: 118 Peregrine · outcome: completed · date basis: unstated · approval order date: 2024-05-14
- disbursementsnote: Includes professional fees, repayment of borrowed funds, payroll, bank fees, utilities and Superintendent of Bankruptcy filing fee. · since: Receivership Date (August 31, 2023) to July 7, 2024 · amount: 178118 · currency: CAD
- operational summaryOMEI's remaining operations consist of winding down its property holdings, including completing the sale of the 665 Parcel and 90 Parcel to the Osoyoos Indian Band, finalizing a court-approved claims procedure, and preparing for distribution and discharge of the Receiver.
- professional feesnote: Excludes GST. MLT Aikins LLP's (Receiver's counsel) fees for the same period total $19,781, excluding GST. · party: Receiver (Ernst & Young Inc.) · amount: 13309 · period: since the filing of the Third Report on June 10, 2024 · currency: CAD
- purchaserOIB; price: sealed: false · scope: 118 Peregrine · status: closed · name note: purchaser of 118 Peregrine, unnamed in this report · structure: real_property · name source: recital · relationship: unstated
- receipts cumulativenote: Comprises property sale proceeds of $3,372,966 and miscellaneous receipts of $10,227. · since: Receivership Date (August 31, 2023) to July 7, 2024 · amount: 3383192 · currency: CAD
- report date12 August 2024
- report noFourth Report
- sale advisorHM/Green; Green Real Estate Group
- sale outcometext: Sale of the 665 Parcel and 90 Parcel to OIB pending court approval · scope: parcel · status: pending_approval