British Columbia · Receivership (court-appointed)

Second Report of the Receiver dated August 17, 2026

Court officer report · 17 August 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 Receiver has run a court-supervised sale process for the Surrey development lands (three lots), secured the excavated site, and signed an unconditional agreement of purchase and sale with 1343239 B.C. Ltd. to be implemented by reverse vesting order; it seeks approval of the transaction, a sealing order, distribution of net proceeds to senior secured lender MCAP, and an increase in its borrowing limit to $1 million.
report date17 August 2026
report noSecond Report