Doug Chivers News Today

The man who transformed a cattle ranch west of Kamloops into a golf course resort is no longer involved in its day-to-day operation. But Pagebrook president Mike Grenier said Friday his company remains a secured creditor in the receivership and has an interest in Tobianos future. A recent report by the court-ordered receiver noted Pagebrook "has been in discussions with potential Asian investors who claim to be interested in the project." But receiver Doug Chivers, wi...

B.C. Supreme Court has placed Tobiano Resort in receivership after it failed to keep current on debts totaling more than $27 million. Bank of Montreal initiated legal action last month after making payment demands on developer Michael Grenier and his companies, including Kamlands Holdings Ltd. and Pagebrook Inc. The court ordered a Vancouver receiver, Bowra Group, to take control of Greniers companies on June 9. Reached at his office at the resort Monday, Grenier confirmed he has lost control o...