On April 17, 2025, Earth Boring Co. Limited, Yarbridge Holdings Inc., Trolan Investments ltd., and Yarfield Services Limited (collectively “Earth Boring” or the “Debtors”) sought and obtained an initial order (the “Initial Order”) from the Ontario Superior Court of Justice (Commercial List) (the “Court”) pursuant to the Companies' Creditors Arrangement Act (the “CCAA”). Pursuant to the Initial Order, BDO Canada Limited, (“BDO”) was appointed as monitor of the Debtors (the “Monitor”).
The Monitor has also posted on its website a list showing the names of the Known Creditors and amounts owing according to the books and records of the debtors in accordance with the CCAA.
On September 11, 2025, the Court granted an order (the “Approval and Reverse Vesting Order”) which approved, among other things, the Share Subscription Agreement between the Debtors and Barrier Ridge Capital Inc., the transactions contemplated therein, and the addition of 1001343933 Ontario Inc. (“ResidualCo”) as an applicant in the CCAA proceedings.
Court Documents
- Certificate for the Notice of Intention - Dated April 15, 2025
- Application Record - Returnable April 17, 2025
- Initial Order - Dated April 17, 2025
- Initial Order Endorsement - Dated April 17, 2025
- Lien Regularization Order - Dated April 17, 2025
- Aide Memoire of the Applicants - Comeback Hearing - Dated April 23, 2025
- Motion Record - Comeback Hearing - Returnable April 24, 2025
- Further Reasons of Justice Steele re Initial Order
- Endorsement of Justice Steele - Dated April 24, 2025
- Amended and Restated Initial Order - Dated April 24, 2025
- Earth Boring Co. Ltd. et al v Town of Lincoln; Endorsement of Justice Steele - Dated May 5, 2025
- Second Amended and Restated Initial Order - Earth Boring Co. Limited et al. - Dated May 5, 2025
- Motion Record – TARIO and SISP Approval Motion – Returnable May 28, 2025
- Factum of the Applicants - Earth Boring Co. Limited et al. - Dated May 26th, 2025
- Earth Boring Co. Ltd. et al. v. Town of Lincoln et al. Endorsment - Dated May 28th, 2025
- SISP Approval Order - Dated May 28th, 2025
- Third Amended and Restated Initial Order - Earth Boring Co. Limited et al. - Dated May 28th, 2025
- Endorsement of justice J. Dietrich- Dated August 14, 2025
- Stay Extension Order - Dated August 14, 2025
- Factum of the Applicants - Earth Boring Co. Limited et al. - Dated September 8, 2025
- Endorsement of justice J. Dietrich- Dated September 9, 2025
- Motion Record - Applicants - Dated September 8, 2025
- Endorsement of Justice Steele - Dated September 15, 2025
- Issued Approval and Reverse Vesting Order - Dated September 15, 2025
- Factum of the Monitor - Earth Boring Co. Limited et al. - Dated October 27, 2027
- Endorsement of Justice Black - Dated October 29, 2025
- Distribution and Ancillary Relief Order - Dated October 29, 2025
CCAA Termination Certificate
List of Known Creditors
- Known Creditors - Earth Boring Co Limited
- Known Creditors - Yardbridge Holdings Inc
- Known Creditors - Yarfield Services Limited
- Known Creditors - Trolan Investments Ltd
Monitor's Reports
- Monitor's Pre-Filing Report - Dated April 16, 2025
- First Report of the Monitor - Dated April 23, 2025
- Second Report of the Monitor - Dated May 27th, 2025
- Third Report of the Monitor - Aug 13, 2025
- Fourth Report of the Monitor - Dated Sep 9, 2025
- Fifth Report of the Monitor – Dated Oct 20, 2025
- Supplement to the Fifth Report of the Monitor – Dated October 27, 2025