British Columbia · Receivership (court-appointed)
Tenth Report of the Receiver
Court officer report · 24 January 2026
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What we verified from this filing10 verified
- cash on handnote: Cash held in trust by the Receiver · as at: 2026-01-16 · amount: 653885 · currency: CAD
- disbursementsnote: Combined disbursements inclusive of Developments and Resorts Business for the Reporting Period ending January 16, 2026 · since: September 18, 2024 · amount: 11473692 · currency: CAD
- operational summaryThe Resorts Business continues to operate (golf, tennis, food & beverage) under interim management while the Receiver advances a sale/investment process; the Court has approved a sale transaction to Groundplay and the Receiver is now pursuing a formal claims process for creditors.
- professional feesnote: Approximate figure; exact table amount was $2,345,627. Other professional fees (Placemark Design Studio Inc. and DLA Piper) totaling approximately $1.1 million reported separately. · party: Receiver and its legal counsel · amount: 2300000 · period: through December 31, 2025 (Receiver) and November 30, 2025 (counsel) · currency: CAD
- purchaserSanovest
- receipts cumulativenote: Combined receipts inclusive of Developments and Resorts Business for the Reporting Period ending January 16, 2026 · since: September 18, 2024 · amount: 12127577 · currency: CAD
- report date24 January 2026
- report noTenth Report
- sale advisorColliers Macaulay Nicolls Inc.
- sale outcometext: the Court granted an order approving the Transaction and Amended Groundplay APA · scope: whole_business · status: approved