Alberta · CCAA
Fourth Report of the Monitor
Court officer report · 16 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 filing10 verified
- secured creditorsnote: Amount is the distribution the Monitor made from net Transaction proceeds on August 13, 2026 as full repayment of the NBC Indebtedness; the NBC Indebtedness is fully repaid and NBC has no further financial interest in the proceedings. The pre-filing outstanding balance as of the February 2026 filing is not stated on these pages. Security details are not stated on these pages. · page: 5 · as of: 2026-08-13 · amount: 25131288.69 · creditor: National Bank of Canada · currency: CAD
- cash on handnote: The Companies' cash remaining to fund operations and the CCAA Proceedings. Separately, as of October 16, 2026 the Monitor holds $2,804,054.68 in its trust account. · as at: 2026-10-09 · amount: 919473 · currency: CAD
- closing confirmedscope: Green Impact's equity interests in GIOC · outcome: completed · effective: 2026-08-06 · purchaser: Firefall Energy Inc. · date basis: stated · approval order date: 2026-07-21
- operational summaryFollowing the closing of the Transaction (sale of GIOC's shares to Firefall), the Debtors no longer have operating revenue and their remaining assets are primarily residual shareholdings. The CCAA proceedings now focus on a claims process and consideration of restructuring options, with the NBC indebtedness repaid in full.
- professional feesnote: Excludes GST of $39,443.58 (total $828,115.12). Includes time of the Monitor's M&A team engaged as Selling Agent for the SISP. Monitor's counsel McCarthy Tetrault LLP invoiced $391,815.94 plus GST of $19,572.02 (total $411,387.96) for January 28, 2026 to August 31, 2026. · party: Ernst & Young Inc. (Monitor), invoiced fees and disbursements · amount: 788671.54 · period: January 26, 2026 to July 24, 2026 · currency: CAD
- purchaserFirefall Energy Inc.
- report date16 October 2026
- report noFourth Report
- sale advisorErnst & Young Inc. (Monitor's Mergers and Acquisitions team)
- sale outcometext: The Transaction (sale of GIOC shares) closed and NBC was repaid in full; the Debtors seek termination of the SISP, with remaining assets limited to residual shareholdings. · scope: whole_business · status: closed