14328710 Canada Inc. (f/k/a Go-For Industries Inc.) filed a Notice of Intention to make a proposal under BIA s. 50.4. Its Statement of Affairs, estimated by officer Dillon McDonald as at June 5, 2024, reports total assets of $0.00, no secured creditors, and total unsecured claims of $27,811,620.45, producing a deficiency of the same amount. The unsecured creditor list, drawn from the company's books and records, spans roughly seventy claims, led by Canada Revenue Agency ($907,651.79), the Ontario Ministry of Finance ($429,820.30), and a number of venture funds, law firms and trade creditors with claims ranging from under $100 to over $3.7 million.
The officer filed a report. The Company sold substantially all of its business and assets to the Purchaser under the Transaction and, following closing, has no remaining assets or ongoing operations; all employees were assumed by the Purchaser and the Company was subsequently deemed bankrupt.
Closing termsvesting effective upon delivery of Proposal Trustee's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditionsSale Approval Order dated April 3, 2024
Closing termsvesting effective upon delivery of Proposal Trustee's Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditions
Second Report of the Proposal Trustee dated March 31, 2024
Process results470 solicited · 4 NDAs · 1 qualified bids · 1 bids · as of 5 Mar 2024
Purchaser1000826405 Ontario Inc. · substantially all of the Company's business and assets on a going-concern basis · asset sale · proposed; Avren FinServe, LLC · certain of the Company's accounts receivable · asset sale · proposed
Sale advisorOnward Innovation Ltd. (financial advisor)
Sale outcomeApproval pending — SISP resulted in a transaction with 1000826405 Ontario Inc. for going-concern sale; Proposal Trustee recommends Court approve the Transaction
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CiteProceedings., “14328710 Canada Inc. (f/k/a Go-For Industries Inc.)” (NOI), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/14328710-canada-inc-f-k-a-go-for-industries-inc
Sources last checked · summary updated 13 August 2026 · Report a correction · Printed from proceedings.ca/case/14328710-canada-inc-f-k-a-go-for-industries-inc
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