Northjam Island Tours Limited, the company that was authorised to take over Mystic Mountain, is expected to pay US$13 million for the business.
The new owner will take full control next month.
The offer price includes the property, business, and leases held by the bankrupt adventure company.
Northjam Island Tours was incorporated in June 2022.
The owner of Northjam Island Tours is listed only as Northjam Holdings Limited, but the latter company is registered offshore. It's held jointly, but the beneficial owners are unknown.
Mystic Mountain has operated in the resort town of Ocho Rios, St Ann since 2008 but went bankrupt during the pandemic after defaulting on a $1.1 billion bond, which translates to US$7.1 million at spot exchange rates.
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