SETTLERS' GHOST GOLF CLUB LIMITED PARTNERSHIP & FSP HOLDINGS INC.

3421 McNutt Road, Barrie, ON

Pursuant to an Order of the Ontario Superior Court of Justice (Commercial List) dated December 15, 2015 (as amended December 18, 2015) Ira Smith Trustee & Receiver Inc. was appointed Receiver and Manager (“Receiver”) over the assets, properties and undertakings of Settlers’ Ghost Golf Club Limited Partnership and FSP Holdings Inc.. The Receiver, since its appointment has been managing the operations and has opened the course for the season.

Settlers’ Ghost Golf Club is a par 72, 18 hole golf course located just north of Barrie in the township of Oro-Medonte. By Order of the Honourable Mr. Justice Wilton-Siegel dated April 29, 2016, the Receiver obtained Court approval for a Court supervised sales process.

Receivership

• Application Record - 7 December 2015
• BIA Report - Notice and Statement - 21 December 2016
• Receiver’s Motion Record containing First Report to Court - 14 April 2016
• Receiver’s Motion Record Containing First Supplementary Report to Court – 22 April 2016
• Receiver’s Motion Record Containing Second Report to Court – 15 June 2016

Court Matters

• Receivership Appointment Order and Endorsement - 15 December, 2015
• Orders and Endorsements Amending Appointment - 18 December, 2015
• Stalking-Horse Sales Process Approval Order – 29 April 2016
• Order Approving Receiver’s Actions, Activities and Fees – 29 April 2016
• Approval and Vesting Order – 20 June 2016

“Stalking-Horse” Sales Process

• Advertisement in The Globe & Mail Report on Business – 4 May 2016
• Purchase Opportunity Summary – 4 May 2016
• Terms and Conditions of Sale – 4 May 2016

Bankruptcy

• Notice of Bankruptcy and First Meeting of Creditors – 4 July 2016
• Bankruptcy Consolidation Order – 19 July 2016
• Proof of Claim Form
• Trustee's Report on Preliminary Administration – 28 July 2016

All documents are in Acrobat/PDF format - free reader available HERE.