Claims Process

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.

Status of file as of September 16, 2025

On September 11, 2025, the Court issued an order (the “Claims Procedure Order”) which, among other things:

1. Approved a process (the “Claims Process”) to be implemented by the Monitor, to determine secured and unsecured claims against the development project at 1111 Clarkson Road, Mississauga (the “Project”) and the Applicant Entities (the “Called Claims”);
2. Authorized the Monitor to retain a cost consultant (the “Cost Consultant”) to assist the Monitor in its review of Claims; and
3. Approved sealing of the confidential appendix to the Ninth Report of the Monitor, dated August 19, 2025.

Any terms not defined on this page have the meaning ascribed to them in the Claims Procedure Order.

Called Claim include Trust Claims, Lien Claims, Secured Claims, Superpriority Claims, Restructuring Claims, Post-Filing D&O Claims, Post-Filing Claims and Unsecured Claims.

Called Claims do not include claims secured by the Charges in the ARIO, Pre-Filing D&O Claims and Equity Claims (collectively the “Excluded Claims”).

Any Person who believes they have a Called Claim, except for a Restructuring Claim and a Post-Filing Claim, against the Project, or the Applicant Entities must file their Proof of Claim so that Proof of Claim is received by the Monitor by 5 p.m. (Toronto time) on October 16, 2025 (the “Claims Bar Date”). Failure to file a Proof of Claim by the Claims Bar Date will result in the Called Claim being barred, and the creditor being prevented from making or enforcing a Called Claim against any Applicant Entity, Director or Officer, or the Applicant Entity’s property. In addition, the creditor shall not be entitled to further notice in, nor entitled to participate as a creditor in, these proceedings.

Any Person who believes they have a Restructuring Claim against the Project, or the Applicant Entities must file their Proof of Claim so that Proof of Claim is received by the Monitor on the date which is 45 calendar days following the date on which the Monitor sends a Proof of Claim Document Package to a Claimant with respect to such Restructuring Claim (the “Restructuring Claims Bar Date”). Any Proofs of Claim received after the Restructuring Claims Bar Date will not be accepted, and the applicable Restructuring Claims will be forever discharged and released.

Any Person who believes they have a Post-Filing Claim against the Project, or the Applicant Entities must file their Proof of Claim so that Proof of Claim is received by the Monitor on the date which is the earlier of: (i) 45 calendar days following the date on which the Monitor sends a Proof of Claim Document Package to a Claimant with respect to such Post-Filing Claim, and (ii) 90 calendar days following the date of the event, act or omission on which the applicable Post-Filing Claim is based took place (the “Post-Filing Claim Bar Date”). Any Proofs of Claim received after the Post-Filing Claims Bar Date will not be accepted, and the applicable Post-Filing Claims will be forever discharged and released.

All Proofs of Claim with any supporting documentation should be addressed to the Monitor at:

Attention: Juhab Hasan
Email: ca_1111clarkson@pwc.com

It is the responsibility of a Claimant to ensure that the Monitor receives their Proof of Claim by the Claims Bar Date, Restructuring Claims Bar Date or the Post-Filing Claim Bar Date.

All Proofs of Claim received by the Monitor will be assessed in accordance with the Claims Procedure Order and in consultation with the Applicant Entities and their legal counsel and the Cost Consultant.

A Claims Procedure Order, Proof of Claim form, Notice of Disallowance, Notice of Dispute, Instruction Letter can be found below on this page.

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