NEWS RELEASE THE LAND CONSERVANCY OF BC TRANSFERS OF 28 PROPERTIES TO CONSERVATION ORGANIZATIONS AND REGIONAL DISTRICT FOR IMMEDIATE RELEASE: September 30, 2015 Victoria, BC – The Land Conservancy of B.C. (TLC) will complete transfers of 28 properties to like-minded conservation organizations and a regional district on September 30 as part of the non-profits restructuring [...]
NEWS RELEASE MEMBER DONATION HELPS PAY DOWN ABKHAZI GARDEN MORTGAGE Sale of TLC’s Hardy Mountain Doukhobor Village furthers debt elimination goal FOR IMMEDIATE RELEASE: July 16, 2015 Victoria, BC –The Land Conservancy of B.C. (TLC) has made further progress with its Plan of Compromise and Arrangement this week, paying off $577,000 in debt to secured [...]
When I picked up last Monday’s Province, and read the front-page article about TLC, I was reminded about why we are in the CCAA process. The article appreciated the dismay of the family of a major donor that not all the money donated has made it to the organization that TLC and the family agreed [...]
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. [...]