Ontario · Interim receivership

Supplement to the First Report of the Proposal Trustee

Court officer report · 3 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 filing3 verified

operational summaryThe Company continues operating its construction projects while facing new construction liens (including the Vanauley Lien) that may reduce forecasted cash receipts and complicate a planned $1.5 million paydown of the secured revolver; the Proposal Trustee supports appointing GlassRatner as Interim Receiver, though it does not currently intend to take possession or control of the Company's property.
report date3 June 2026
report noSupplement to the First Report