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Tercon Investments Ltd - Status Updates

March 21, 2013


On March 21, 2013 the Court approved the Claims Procedure Order. Creditors wishing to file a claim should review the claims procedure and file their claim by logging on to the FTI Claims Site at https://cmsi.ftitools.com/tercon.

For those creditors who are unable to file a claim using the online system Information Submission Forms and Supporting Document Submission Forms are available under the Claims Procedure Tab.


March 14, 2013

On March 13, 2013 the Receiver's application for a Claims Procedure Order was adjourned and is now returnable March 21, 2013.


January 15, 2013

On January 15, 2013, Mr. Justice Sewell granted an Order (the 'Approval and Vesting Order') inter alia approving the APA and Return Protocol, as defined in the First Report of the Receiver.


January 14, 2013

On December 21, 2012, the Receiver acting as Vendor and Ritchie Bros. as Purchasers entered into an APA with respect to the Equipment and Miscellaneous Property of Tercon. In addition, on January 8, 2013, the Receiver submitted a Notice of Application requesting Court approval for the APA granting authority to the Receiver to complete the transaction according to the terms and conditions of the APA and seeking Court approval fo the Return Protocol, as defined in the First Report.


December 14, 2012

FTI Consulting Canada Inc. was appointed as Receiver pursuant to an Order of the Supreme Court of British Columbia of all the assets, undertakings and properties of Tercon Investments Ltd. and those of its subsidiaries listed in the Order Made After Application.


For additional information please contact the Receiver:
Phone: 416-649-8048
Toll Free: 1-855-649-8048
Fax: 416-649-8101
Email: tercon@fticonsulting.com

TD Waterhouse Tower
79 Wellington Street West
Suite 2010, P.O. Box 104
Toronto, Ontario M5K 1G8

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