Alberta · NOI
Second Report of the Proposal Trustee dated April 15, 2026
Court officer report · 15 April 2026
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What we verified from this filing11 verified
- report date15 April 2026
- report no2.00
- operational summaryIgnite is an IT services provider with ~50 full-time employees, offering video conferencing, cybersecurity, audio-visual, analytics, and unified communications services, seeking a sale of its business to MNP Digital Inc. through NOI proceedings under the BIA following unsuccessful pre-filing refinancing and the Kluane Sale Process.
- receipts cumulativeamount: 1109000 · currency: CAD
- professional feesamount: 104875.86 · currency: CAD
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: 4,994.09 · amount: 4994.09 · fees: quote: Total Proposal Trustee's Fees | | 99,634.75 · amount: 99634.75 · total: quote: Total Proposal Trustee's Fees | | 99,634.75 | 247.02 | 99,881.77 | 4,994.09 | 104,875.86 · amount: 104875.86 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Total Proposal Trustee's Fees | | 99,634.75 | 247.02 · amount: 247.02 · period: end: 2026-03-31 · kind: invoice · quote: FOR THE PERIOD FEBRUARY 9 TO MARCH 31, 2026 SUMMARY OF PROFESSIONAL FEES · start: 2026-02-09 · approval: state: unstated · averages: · currency: · invoices: tax: 2917.5 · fees: 58103 · quote: February 9, 2026 to February 28, 2026 | 5184 | 58,103.00 $ | 247.02 $ | 58,350.02 $ | 2,917.50 $ | 61,267.52 $ · total: 61267.52 · period end: 2026-02-28 · period start: 2026-02-09 · disbursements: 247.02; tax: 2076.59 · fees: 41531.75 · quote: March 1, 2026 to March 31, 2026 | 5292 | 41,531.75 | - | 41,531.75 | 2,076.59 | 43,608.34 · total: 43608.34 · period end: 2026-03-31 · period start: 2026-03-01 · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. (' KSV '), in its capacity as proposal trustee · context quote: in its capacity as proposal trustee (in such capacity, the ' Proposal Trustee '); form: invoice_listing · rows: · money: tax: label: GST · quote: 974.64 · amount: 974.64 · fees: quote: Total Proposal Trustee's Legal Counsel Fees | | 19,225.00 · amount: 19225 · total: quote: Total Proposal Trustee's Legal Counsel Fees | | 19,225.00 | 287.70 | 19,512.70 | 974.64 | 20,487.34 · amount: 20487.34 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Total Proposal Trustee's Legal Counsel Fees | | 19,225.00 | 287.70 · amount: 287.7 · period: end: 2026-03-31 · kind: invoice · quote: FOR THE PERIOD FEBRUARY 9 TO MARCH 31, 2026 SUMMARY OF PROFESSIONAL FEES · start: 2026-02-09 · approval: state: unstated · averages: · currency: · invoices: tax: 787.59 · fees: 15526 · quote: February 20, 2026 to March 9, 2026 | 6660180 | 15,526.00 | 225.70 | 15,751.70 | 787.59 | 16,539.29 · total: 16539.29 · period end: 2026-03-09 · period start: 2026-02-20 · disbursements: 225.7; tax: 187.05 · fees: 3699 · quote: March 10, 2026 to March 31, 2026 | 6671106 | 3,699.00 | 62.00 | 3,761.00 | 187.05 | 3,948.05 · total: 3948.05 · period end: 2026-03-31 · period start: 2026-03-10 · disbursements: 62 · firm quote: Proposal Trustee's Legal Counsel Fees · context quote: MLT Aikins LLP · firm unverified: true
- process resultsnote: Kluane assembled a list of 49 prospective purchasers under the Kluane Sale Process · as of: 2026-04-15 · solicited: 49
- purchaserMNP
- recovery outcomeentries: basis: estimated · quote: Assuming the MNP Transaction closes, the Sale Proceeds are expected to satisfy the CRA Deemed Trust Claim in full; however, it is unlikely that distributions will be made to ordinary unsecured creditors, including those to satisfy the CRA Interest and Penalties. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: proposal_trustee · class label: CRA Deemed Trust Claim · claims amount: 1440662 · creditor name: CRA · interim final: unstated · conditional on: Assuming the MNP Transaction closes · claims qualifier: unstated; basis: estimated · quote: Assuming the MNP Transaction closes, the Sale Proceeds are expected to satisfy the CRA Deemed Trust Claim in full; however, it is unlikely that distributions will be made to ordinary unsecured creditors, including those to satisfy the CRA Interest and Penalties. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: ordinary unsecured creditors · interim final: unstated · conditional on: Assuming the MNP Transaction closes · claims qualifier: unstated · stated on: 2026-04-15 · table missing:
- sale advisorKluane Financial Services Inc.
- sale outcometext: The Proposal Trustee recommends that the Court issue an order approving the APA and MNP Transaction · scope: whole_business · status: pending_approval