OSC Obtains Court Order Appointing KSV Restructuring Inc. as Receiver of Go-To Developments

As a result of an application by the Ontario Securities Commission, the Ontario Superior Court of Justice (Commercial List) made an order appointing KSV Restructuring Inc. as receiver and manager without security, of all of the assets, undertakings and properties of Go-To Developments Holdings Inc., Furtado Holdings Inc., Go-To Developments  Acquisitions Inc., Go-To Glendale Avenue Inc., Go-To Glendale Avenue LP, Go-To Major Mackenzie South Block Inc., Go-To Major Mackenzie South Block LP, Go-To Major Mackenzie South Block II Inc., Go-To Major Mackenzie South Block II LP,  Go-To Niagara Falls Chippawa Inc., Go-To Niagara Falls Chippawa LP, Go-To Niagara Falls Eagle Valley Inc., Go-To Niagara Falls Eagle Valley LP, Go-To Spadina Adelaide Square Inc., Go-To Spadina Adelaide Square LP, Go-To Stoney Creek Elfrida Inc., Go-To Stoney Creek Elfrida LP, Go-To St. Catharines Beard Inc., Go-To St. Catharines Beard LP, Go-To Vaughan Islington Avenue Inc., Go-To Vaughan Islington Avenue LP, Aurora Road Limited Partnership, and 2506039 Ontario Limited (collectively Go-To Developments).

The Ontario Securities Commission sought the appointment of a receiver to safeguard the best interests of Go-To Developments investors and other stakeholders, and for the due administration of Ontario securities law.  In its endorsement, the Ontario Superior Court of Justice (Commercial List) concluded that KSV Restructuring Inc. should be appointed as receiver and manager on the terms set out in its order dated December 10, 2021.

Investors of Go-To Developments who may have questions concerning the receivership should visit the KSV Restructuring Inc. website at https://www.ksvadvisory.com/experience/case/go-to.