Boynton Developments (Kelowna) Ltd. et al., the owners of certain lands in Kamloops, BC, were placed into receivership on August 15 on application by KV Capital Inc., owed approximately $7.6 million.

KV extended a $19.5 million mortgage loan to the companies in July 2023. The companies have defaulted on the loan and failed to repay it on demand.

MNP is the receiver.

Counsel is DLA Piper for KV Capital, Crease Harman for the companies and Lawson Lundell for the receiver.