Wednesday, January 22, 2014, Madam Justice Fitzpatrick issued her reasons for decision on TLC’s application for Court approval of the proposed sale of Binning House. The claim by UBC to an interest in Binning House has been rejected, and the Court has deferred a final decision on the sale of Binning House to allow TLC [...]
NEWS RELEASE THE LAND CONSERVANCY OF BC RECEIVES EXTENSION OF PROTECTION UNDER COMPANIES’ CREDITORS ARRANGEMENT ACT (CCAA) Process of restructuring gets underway; TLC requests Court appointment to present offer on Binning House FOR IMMEDIATE RELEASE: November 4, 2013 Victoria, BC – The Land Conservancy of BC has been given more time to develop a plan [...]
NEWS RELEASE THE LAND CONSERVANCY OF BC GRANTED PROTECTION UNDER COMPANIES’ CREDITORS ARRANGEMENT ACT (CCAA) CCAA creates best opportunity for a financial solution and positive outcome for properties and creditors FOR IMMEDIATE RELEASE: October 8, 2013 Victoria, BC -- For the past year, The Land Conservancy of British Columbia (TLC) has been exploring options to [...]
1. How are you dealing with the $1.2 million TLC owes in short term arrears? We have reduced operating costs to a third of past costs to ensure we aren’t adding to short term debt, and we are in discussions with employees, lenders and some suppliers to develop a plan to satisfactorily resolve their arrears. [...]
UPDATE FROM THE BOARD OF DIRECTORS October 10, 2012 Dear TLC Members and donors, Your Board of Directors is providing this update for members leading up to our Annual General Meeting being held November 3rd in Victoria because of the urgency of TLC’s situation. It is important we keep you apprised of our on-going efforts [...]
TLC Here to Stay To read the Victoria Times Colonist’s recent article on The Land Conservancy’s year end financial statements, readers would be forgiven for thinking we are on our last legs as an organization. Nothing could be further from the truth. Contrary to the TC article headline, our revenues were not “flat” in fiscal [...]