On September 24, 2026, Spectrum Heating & Sheet Metal Ltd. (the “Company”) filed a Notice of Intention to Make a Proposal (“NOI”) pursuant to subsection 50.4(1) of the Bankruptcy and Insolvency Act (“BIA”) and Crowe MacKay & Company consented to act as Licensed Insolvency Trustee (the "Proposal Trustee") under the Proposal.
Pursuant to subsection 50.4(8) of the BIA, the initial stay period under the NOI proceeding is from September 24, 2026 to October 24, 2026 unless the period is extended by the Court upon application by the Company. During this period, the Proposal Trustee will monitor the business of the Company and assist the Company in preparing its Proposal.