Avivagen Inc.

Avivagen Inc. made an assignment in bankruptcy under section 49 of the Bankruptcy and Insolvency Act on April 23, 2024, with BDO Canada Limited as trustee under estate number 33-3071340 in Ontario. The Statement of Affairs sworn as at that date estimates total assets of $1,684.62 against total liabilities of $10,397,745.65, leaving a deficiency of $10,396,061.03. Unsecured claims are stated at $4,224,263.39, plus $6,171,797.64 representing the balance of secured claims; preferred and trust claims are nil. The largest secured position is that of Capital Transfer Agency, ULC, claiming $6,173,102.00 against the OxC-beta and OxC-beta Livestock intellectual property, a mass spectrometer and a Royal Bank of Canada account, with the security valued at $1,304.36. Atlantic Canada Opportunities Agency is listed unsecured at $2,881,142.96. The proceeding remains active.