via Delloitte - File 643

The only searchable file on bankruptcy and insolvency available on the Saskatchewan Court Of The Queen's Bench is File 643. This is a CCAA filing, meaning that much more money is in question with this bankruptcy filing than came into question with Golden Band under the BIA. All of the 'creditors' were paid in full totalling over $115m., yet this was a bankruptcy(or reorganization, if you will) worth less than $5m.

Now, there are some similarities to this CCAA filing and GBN.H BIA filing. There are service matters related to court, just like in GBN's filing, meaning key information is to be kept as a matter of court and kept from the public.

It looks like a failed development project, but there is this as yet undeveloped property, '825 Lands' which has 'tenants.'. Why an undeveloped 'property' has tenants is a mystery. Then there are the tenants of the Orr Centre, who have their rents listed, which go unaffected. '825 Lands' is very similar to the 875 sq. km. land package in La Ronge. of GBN.

The filing is the amalgamation of two numbered companies, which appear to have no assets, and no asstes or liabilities mentioned, or list of creditors. No amount of money is mentioned, save those rents paid to the Orr centre. If it was a CCAA filing, the amount would be more than $5m.

The amount that precipitated the CCAA filing was $5m. that the filer did not borrow, thus did not owe to anyone.

Altogether, I believe this appears a pro-forma filing. The extension is until Jan. 1, and once the CCAA process completed, the documents disappear.

But this CCAA filing is carefully crafted to dissimulate if it were not, as it states a CCAA filing of a failed real estate development.

The CCAA filing falls on the same dates as the BIA filing of GBN.

http://www.insolvencies.deloitte.ca/en-ca/Documents/ca_en_insolv_SKLtd_SecondReportoftheMonitor_August_12_2016_081216.pdf

-F6