Alberta · Receivership (court-appointed)
Fifth Report of the Receiver
Court officer report · 31 August 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing8 verified
- closing confirmedscope: Generator 3 APA · outcome: completed · effective: 2026-08-11 · date basis: stated; scope: Generator 1 and Generator 2 · outcome: not_completed · effective: 2025-07-23 · purchaser: 2388750 Alberta Ltd. · date basis: stated
- operational summaryThe Receiver is winding down the remaining receivership assets, having sold Generator 3 and now seeking Court approval to auction the two remaining generators through Ritchie Bros., after which it intends to seek approval of fees, final distributions, and its discharge.
- purchaser2388750 Alberta Ltd.; price: note: plus GST · basis: cash · amount: 10000 · sealed: false · currency: CAD · scope: Generator 3 (a 2014 Kohler 300REZXB Generator) · status: closed · name note: counterparty to the Generator 3 APA, unnamed · structure: assets · name source: recital · relationship: unstated · agreement date: 2026-08-05; price: sealed: false · scope: Generator 1 and Generator 2 (collectively, the Auction Generators) · status: proposed · name note: end purchasers at Ritchie Bros. auction, unnamed · structure: auction · name source: operative · relationship: unstated · agreement date: 2026-08-26
- recovery outcomeentries: basis: actual · quote: On February 27, 2026, upon the application of the Receiver, this Honourable Court granted an Order approving a distribution in the amount of $1,123,866.33 to Royal Bank of Canada · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 1123866.33 · cumulative: false · amount high: 1123866.33 · class label: Royal Bank of Canada · creditor name: Royal Bank of Canada · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated · stated on: 2026-02-27 · table missing:
- report date31 August 2026
- report noFifth Report
- sale advisorRitchie Bros. Auctioneers (Canada) Ltd.
- sale outcometext: The Receiver has entered into an Auction Agreement with Ritchie Bros. to auction the two remaining CWB Generators, having previously sold the third generator and lost a prior sale to a repudiating purchaser. · scope: ancillary · status: liquidation_in_progress