FTI Consulting Canada Inc. / Arctic Canadian Diamond Company Ltd.

On May 1, 2026, Arctic Canadian Diamond Company Ltd. ("ACDC"), and Burgundy Diamonds (Canada) Limited ("Burgundy" and collectively with Arctic Canadian Diamond Company Ltd., the "Petitioners" ) sought and obtained an initial order (the "Initial Order") from the Supreme Court of British Columbia (the "Court") under the Companies' Creditors Arrangement Act R.S.C. 1985, c. C-36, as amended ("CCAA"). The Initial Order provides, among other things, a stay of proceedings which may be extended from time to time. Pursuant to the Initial Order, FTI Consulting Canada Inc. was appointed monitor (the "Monitor") of the Petitioners.

On May 11, 2026, the Court pronounced an amended and restated initial order (the "ARIO"), among other things, extending the Stay of Proceedings until July 26, 2026, and an order (the "SISP Order") approving a sale and investment solicitation process (the "SISP").

On the application of the Government of the Northwest Territories, the Court granted an order (the "Receivership Order") on July 14, 2026 terminating the CCAA Proceedings. PricewaterhouseCoopers Inc. was appointed receiver of all the assets, undertakings and property of the Petitioners. For further details, please refer to the "Court Orders" section of this website.

For additional information please contact:
Phone: 1-778-775-1325
Email: ACDC@fticonsulting.com