2508342 Ontario Inc. (57 Mathew St. Marmora, ON)

2508342 Ontario Inc., the owner of 57 Mathew St. in Marmora, Ontario, was placed in court-appointed receivership on November 28, 2018 in the Ontario Superior Court of Justice under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding is now closed. Bank of Montreal was identified as the senior secured creditor, holding a general security agreement dated June 6, 2016 and a mortgage registered June 9, 2016, together with a fixed rate term loan, an overdraft demand loan, a commercial letter of credit and a promissory note. The bank gave notice of its intention to enforce that security by letter dated October 18, 2018. No outstanding balance was stated on the record.