Canusa Products Inc.

Canusa Products Inc. is in bankruptcy under the BIA before the Ontario Superior Court of Justice, court file 32-1756215, with Deloitte & Touche Inc. as trustee. The proceeding is recorded as commencing August 23, 2013, with a June 7, 2013 commencement date also on record, and a sale was approved on August 23, 2013. CDS Global, Inc. has filed a secured claim of USD$151,420.63 asserting an Artisan's Lien over the subscriber list, subject to the trustee's review; Blue Chip Leasing Company holds limited security over leased equipment, collateral now in the possession of an unpaid photographer. Unsecured claims asserted to date include Quad/Graphics Inc. at approximately USD$2.3 million and Gould Paper Corp at approximately USD$950,000, alongside potential liability as high as $2.5 million to approximately 218,000 prepaid subscribers, an uncalculated landlord claim by Orlando Corporation, and employee priority claims under s.81.3 of the BIA estimated at approximately $164,000.