Accurassay Laboratories Ltd.

Accurassay Laboratories Ltd. has been in bankruptcy in Ontario since 15 May 2017, the estate arising under paragraph 50.4(8)(b.1) of the Bankruptcy and Insolvency Act, with MNP LTD / MNP LTÉE acting as Licensed Insolvency Trustee under file number 35-2222437. The Statement of Affairs sworn as at that date puts total assets at $1,881,000.00 against total liabilities of $9,637,152.92, a stated deficiency of $7,756,152.92. Royal Bank of Canada's claim is bifurcated, $1,871,000.00 secured and $4,929,000.00 unsecured; Northern Ontario Heritage Fund Corporation is listed for $10,000.00 secured and $290,000.00 unsecured; Business Development Bank of Canada appears as a secured creditor and for $1,000,000.00 unsecured. The claims register records none of the listed claims as proved. The proceeding remains active.