Representative Matters

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Representative Matter

Court Grants Summary Judgment to Lender in Family Loan Dispute

On December 10, 2024, the Ontario Superior Court of Justice granted a summary judgment in favour of a mother, determining that she loaned funds to her daughter and her daughters’ husband, contrary to her son-in-law's claim that the money was a gift.

December 10, 2024

Representative Matter

AirBoss Secures US$180-Million Senior Credit Facilities With TD Bank, CIBC

On December 2, 2024, AirBoss of America Corp. (TSX: BOS) (OTCQX: ABSSF), a manufacturing company focused on advanced rubber compounding and related markets, entered into new senior secured credit facilities totalling $180 million (all figures USD) to replace its prior senior secured revolving credit facilities.

December 02, 2024

Representative Matter

Abraxas Power Enters Loan and Royalty Agreement With RE Royalties

On November 21, 2024, Abraxas Power Corp., a leading energy transition developer, announced that its subsidiary Abraxas Power Maldinvest Ltd. entered into a loan agreement with RE Royalties Ltd., a global leader in renewable energy royalty-based financing, to receive a secured loan facility of up to $10 million to support the construction of solar projects in the Maldives.

November 21, 2024

Representative Matter

Abraxas and EDF Group Announce Strategic Partnership for the Exploits Valley Renewable Energy Corporation Green Hydrogen and Ammonia Project

On November 18, 2024, Abraxas Power Corp. (“Abraxas”), a leading energy transition developer, announced that it had entered into strategic development agreements with EDF Group, a key player in energy transition and a world leader in low-carbon energy, to jointly develop the Exploits Valley Renewable Energy Corporation (“EVREC”) green hydrogen and ammonia project in Central Newfoundland.

November 18, 2024

Representative Matter

Peoples Trust Company Initiates Companies’ Creditors Arrangement Act Proceedings for Crown Crest Entities

On November 9, 2023, Crown Crest Financial Corp., Simply Green Home Services Inc., Simply Green Home Services Corp., Crown Crest Capital Management Corp., Crown Crest Funding Corp. and Crown Crest Capital Trust (collectively the "Crown Crest Entities") entered into proceedings under the Companies’ Creditors Arrangement Act pursuant to an urgent application brought by Peoples Trust Company ("PTC").

October 30, 2024

Representative Matter

TAS Impact Purchases 290,000 Sq. Ft. Industrial Facility

On October 10, 2024, TAS Impact, an impact-driven real estate developer, completed the purchase of an approximately 290,000 square foot industrial facility located at 1500 Birchmount Road in Scarborough, Ontario.

October 10, 2024

Representative Matter

Allied Properties Completes $250-Million Offering of Senior Unsecured Debentures

On September 26, 2024, Allied Properties Real Estate Investment Trust (TSX:AP.UN), a leading owner-operator of distinctive urban workspace in Canada’s major cities, completed a private placement of $250 million aggregate principal amount of 5.534% series J senior unsecured debentures.

September 26, 2024

Representative Matter

Gowest Gold Completes Go Private Transaction

On September 20, 2024, Gowest Gold Ltd., a Canadian gold exploration and development company, completed its plan of arrangement under Section 182 of the Business Corporations Act (Ontario).

September 20, 2024

Representative Matter

Gold Flora Corporation Closes Convertible Note Loan Facility

On August 28, 2024, Gold Flora Corporation, a leading vertically integrated California cannabis company, announced the closing of a convertible note loan facility with Utah-based J.J. Astor & Co. for up to US$13.15 million, with an initial draw of US$7.15 million.

August 28, 2024