Alberta · NOI
First Report to Court of MNP Ltd.
Court officer report · 1 June 2026
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What we verified from this filing13 verified
- cash on handnote: Held in Trustee's trust account. · as at: 2026-05-27 · amount: 354867 · currency: CAD
- closing confirmedscope: substantially all of the Company's property · outcome: completed · effective: 2025-10-29 · purchaser: Edge Innovates Inc. · date basis: stated · approval order date: 2025-09-12
- disbursementssince: October 30, 2025 (date of bankruptcy) · amount: 10667 · currency: CAD
- fee scheduleengagements: form: report_table · rows: Kristin Gray; Carolina Bautista; Mark Shtay; Brandon Bruce; Ryan Gnenz; Comfort Uche; Noah Jiwa; Isobel Smith; Shannon M. Massa; Melora Westman; Sami Healey; Jheanel Montgomery · money: tax: label: GST · quote: GST | 1,989 · amount: 1989 · fees: quote: Fees | 38,842 · amount: 38842 · total: quote: Total | 41,773 · amount: 41773 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Disbursements | 941 · amount: 941 · period: end: 2026-04-30 · kind: cumulative · quote: For the period of August 1, 2025, to April 30, 2026 · start: 2025-08-01 · approval: state: unstated · averages: · currency: · invoices: tax: 644.11 · fees: 12009.7 · quote: August 1 to August 31, 2025 | 12693711 | 12,009.70 | 872.49 | 644.11 | 13,526.30 · total: 13526.3 · period end: 2025-08-31 · period start: 2025-08-01 · disbursements: 872.49; tax: 244.38 · fees: 4887.5 · quote: September 1 to September 30, 2025 | 12774753 | 4,887.50 | - | 244.38 | 5,131.88 · total: 5131.88 · period end: 2025-09-30 · period start: 2025-09-01; tax: 139.38 · fees: 2787.5 · quote: October 1 to October 30, 2025 | 12832882 | 2,787.50 | - | 139.38 | 2,926.88 · total: 2926.88 · period end: 2025-10-30 · period start: 2025-10-01; tax: 961.31 · fees: 19157.7 · quote: October 21, 2025 to April 30, 2026 | 13300388 | 19,157.70 | 68.50 | 961.31 | 20,187.51 · total: 20187.51 · period end: 2026-04-30 · period start: 2025-10-21 · disbursements: 68.5 · firm text: MNP Ltd. · firm quote: FIRST REPORT TO COURT OF MNP LTD. IN ITS CAPACITY AS TRUSTEE IN BANKRUPTCY OF 1375506 ALBERTA LTD. · hours total: quote: 85.6 · value: 85.6 · context quote: A summary of the time spent administering the estate by members of the staff of MNP for the period of August 1, 2025, to April 30, 2026, is detailed in the table below: · comparability quote: In the Trustee's opinion, the cost of this filing is comparable to filings of similar scale and complexity.; form: invoice_listing · rows: Kristin Gray; Carolina Bautista; Mark Shtay; Ryan Gnenz; Isobel Smith · money: tax: label: GST · quote: 644.11 · amount: 644.11 · fees: quote: PROFESSIONAL FEES | PROFESSIONAL FEES | $12,009.70 · amount: 12009.7 · total: quote: TOTAL THIS INVOICE | | $13,526.30 · amount: 13526.3 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 872.49 · amount: 872.49 · period: end: 2025-08-31 · kind: invoice · quote: The time incurred by members of the staff of MNP Ltd. on this assignment regarding the Company for the period August 1, 2025, to August 31, 2025 · start: 2025-08-01 · approval: state: unstated · averages: rate: 531.4 · quote: Time Billed | | 22.60 | 531.40 | 12,009.70 · currency: · invoices: · firm text: MNP Ltd. · firm quote: FIRST REPORT TO COURT OF MNP LTD. IN ITS CAPACITY AS TRUSTEE IN BANKRUPTCY OF 1375506 ALBERTA LTD. · hours total: quote: TOTAL | | 22.60 | 12,009.70 · value: 22.6 · context quote: The time incurred by members of the staff of MNP Ltd. on this assignment regarding the Company for the period August 1, 2025, to August 31, 2025, was as follows:; form: invoice_listing · rows: Kristin Gray; Isobel Smith · money: tax: label: GST · quote: GST on Professional Fees | 139.38 | 139.38 · amount: 139.38 · fees: quote: PROFESSIONAL FEES | | $2,787.50 · amount: 2787.5 · total: quote: TOTAL THIS INVOICE | | $2,926.88 · amount: 2926.88 · includes tax: true · approximate: false · period: end: 2025-10-30 · kind: invoice · quote: The time incurred by members of the staff of MNP Ltd. on this assignment regarding the Company for the period October 1, 2025, to October 30, 2025 · start: 2025-10-01 · approval: state: unstated · averages: rate: 416.04 · quote: Time Billed | | 6.70 | 416.04 | * | 2,787.50 · currency: · invoices: · firm text: MNP Ltd. · firm quote: FIRST REPORT TO COURT OF MNP LTD. IN ITS CAPACITY AS TRUSTEE IN BANKRUPTCY OF 1375506 ALBERTA LTD. · hours total: quote: TOTAL | | 6.70 | 2,787.50 · value: 6.7 · context quote: The time incurred by members of the staff of MNP Ltd. on this assignment regarding the Company for the period October 1, 2025, to October 30, 2025, was as follows:; form: invoice_listing · rows: Kristin Gray; Carolina Bautista; Mark Shtay; Brandon Bruce; Comfort Uche; Noah Jiwa; Isobel Smith; Shannon M. Massa; Melora Westman; Jheanel Montgomery; Sami Healey · money: tax: label: GST · quote: GST on Professional Fees | 957.89 · amount: 961.32 · fees: quote: PROFESSIONAL FEES | | $19,157.70 · amount: 19157.7 · total: quote: TOTAL THIS INVOICE | | $20,187.52 · amount: 20187.52 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: DISBURSEMENTS Courier | 68.50 · amount: 68.5 · period: end: 2026-04-30 · kind: invoice · quote: The time incurred by members of the staff of MNP Ltd. on this assignment regarding the Company for the period October 21, 2025, to April 30, 2026 · start: 2025-10-21 · approval: state: unstated · averages: rate: 413.77 · quote: Time Billed | | 46.30 | 413.77 * | 19,157.70 · currency: · invoices: · firm text: MNP Ltd. · firm quote: FIRST REPORT TO COURT OF MNP LTD. IN ITS CAPACITY AS TRUSTEE IN BANKRUPTCY OF 1375506 ALBERTA LTD. · hours total: quote: TOTAL | | 46.30 | 19,157.70 · value: 46.3 · context quote: The time incurred by members of the staff of MNP Ltd. on this assignment regarding the Company for the period October 21, 2025, to April 30, 2026, was as follows:; form: invoice_listing · rows: · money: tax: label: GST · quote: 1,216.80 $ · amount: 1216.8 · fees: quote: 24,336.00 $ · amount: 24336 · total: quote: 25,552.80 $ · amount: 25552.8 · includes tax: true · approximate: false · period: end: 2026-05-04 · kind: cumulative · quote: For the period of July 17, 2025, to May 4, 2026 · start: 2025-07-17 · approval: state: unstated · averages: · currency: · invoices: tax: 486.65 · fees: 9733 · quote: July 17 to October 29, 2025 | 889675 | 9,733.00 | 486.65 | 10,219.65 · total: 10219.65 · period end: 2025-10-29 · period start: 2025-07-17; tax: 730.15 · fees: 14603 · quote: October 29, 2025 to May 4, 2026 | 904384 | 14,603.00 | 730.15 | 15,333.15 · total: 15333.15 · period end: 2026-05-04 · period start: 2025-10-29 · firm text: McLennan Ross LLP · firm quote: The Trustee engaged the services of McLennan Ross LLP ('McLennan Ross') as its independent legal counsel · context quote: The total legal fees of McLennan Ross for the period of July 17, 2025, to May 4, 2026, are $25,553, as summarized in the table below: · firm unverified: true
- operational summaryThe Company sold substantially all of its assets through the court-approved SAVO transaction in October 2025, failed to file a proposal and was deemed bankrupt; it now has no ongoing operations, with the Trustee winding up the estate and proposing a distribution to creditors.
- professional feesnote: Other professionals' fees for same/overlapping periods: McLennan Ross LLP (Trustee's counsel) $25,553 total incl. GST; Field LLP (Company's NOI counsel) $43,363 outstanding accounts secured by the Administration Charge. · party: Trustee (MNP Ltd.) · amount: 41773 · period: August 1, 2025 to April 30, 2026 · currency: CAD
- purchaserEdge Innovates Inc.
- receipts cumulativesince: October 30, 2025 (date of bankruptcy) · amount: 365534 · currency: CAD
- recovery outcomeentries: basis: unstated · quote: | Proposed gross dividends | 0.15 | per dollar of claim | · pct of: unstated · outcome: distribution · pct low: 15 · pct high: 15 · class key: unsecured · stated by: trustee · class label: Proven creditors · claims amount: 1456060 · interim final: unstated · cents on dollar: 15 · claims qualifier: proven · table missing:
- report date1 June 2026
- report noFirst Report
- sale outcometext: The SAVO transaction closed on October 29, 2025. · scope: whole_business · status: closed
- stalking horsestate: stated