British Columbia Discovery Fund Inc.

Formerly known as: British Columbia Discovery Fund (VCC) Inc.

Filing Date:

British Columbia Discovery Fund (VCC) Inc. (the “Fund”) was formed in 2002 as a vehicle to invest in eligible small businesses as part of the venture capital program started by the government of British Columbia. The Fund has held portfolio companies in a variety of sectors including mobile, information and clean technologies.

On June 24, 2020, the shareholders approved the wind-up and voluntary liquidation of the Fund pursuant to the Business Corporations Act of British Columbia including appointment of The Bowra Group Inc. as liquidator subject to certain regulatory approvals and conditions precedent.

Effective December 1, 2020, the Fund confirmed regulatory approval had been obtained and handed control of the Fund to The Bowra Group Inc., as liquidator (the “Liquidator”). The Fund also formally changed its name to British Columbia Discovery Fund Inc. (“BCDF”).

The Liquidator assumed control of BCDF to conduct the voluntary liquidation, which will involve the settlement of BCDF’s obligations, disposition of its remaining assets, and making final distributions to shareholders. The Liquidator will dispose of BCDF’s portfolio assets when liquidity events or secondary trading opportunities arise pursuant to the terms of the information circular or other directions from the Court.

File Update:

Please be advised that MNP Ltd. (formerly The Bowra Group Inc.), in its capacity as liquidator of the Fund (the “Liquidator”) is seeking its discharge and authority to complete the liquidation of the Fund, including approval of a final distribution to shareholders, via an application for an order in the Supreme Court of British Columbia, scheduled for October 28, 2025 (the “Discharge Application”).

Liquidator’s Appointment

Information Circular

Liquidator’s Reports

Liquidator’s Discharge

Other

Contact Information

Gordon Brown

CIRP, LIT, CPA, CA

Details

Vice President

604-638-4946

email [email protected]