1754782 Ontario Inc.

1754782 Ontario Inc., an Ontario company, is subject to active insolvency proceedings arising out of security held by Bank of Montreal over the property at 49 Wallace Street, Vaughan, Ontario. Bank of Montreal's claim, secured by a General Security Agreement, is estimated at $765,000, and a receiver was appointed pursuant to that security. The creditor list attached to the Notice and Statement of Receiver records Canada Revenue Agency as an unsecured creditor in an amount shown as unknown, and also lists Bank of Montreal as an unsecured claimant for $765,000 — the same figure as its secured claim — notwithstanding the General Security Agreement.