1598490 ONTARIO LIMITED

The Deloraine Residences
3443 Bathurst St., Toronto, ON

On March 28, 2013, ISI was privately appointed the Receiver over the assets, properties and undertakings of the Company. Based on the findings of the privately appointed Receiver, an application was made to the Ontario Superior Court of Justice (Commercial List) which was heard on May 24, 2013. By Order of the Honourable Madam Justice Mesbur dated May 24, 2013, the private appointment of the Receiver was converted into a Court appointment whereby the Court will supervise the administration of the receivership proceedings. The Receiver is currently managing the property and formulating its plan for the sale of the asset.

The Deloraine Residences is comprised of a six storey 23 unit residential condominium building which is at an advanced stage of construction. By Order of the Honourable Mr. Justice Newbould dated August 16, 2013, the Receiver obtained Court approval for a Court supervised sales process.

Receivership

Court Matters

Sales Process

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