The Carriage Ridge and Carriage Hills timeshare resorts in Oro-Medonte's Horseshoe Valley have a buyer, a court was told during a hearing broadcast over YouTube on Friday.

Details of the deal are contained in a sealed document filed with the Superior Court of Justice and will remain confidential until a court-approved sale is closed, which is expected to occur by June 26.

“We want to close the transaction as soon as possible,” said lawyer Sanjeev Mitra, who is representing the receiver, BDO Canada.

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