The sale of Blachford Lake Lodge through a year-long insolvency process is set to result in almost no repayment of any debt other than a partial payment to Prosper NWT.
Documentation filed this month by BDO, the company overseeing the insolvency process, shows that a sale of the lodge and associated assets raised $1.2 million after the spring 2023 collapse of Taiga Sports Fishing, the company owned by Mike Freeland that ran the lodge.
Among that revenue is the acquisition of the lodge late last year by Nunavut-based tour operator Arctic Kingdom.
The figures suggest the lodge sold for far less than the $3.9-million price tag it was briefly given before a realtor’s listing was taken down as the…
