Ccon Metals Inc.

Ccon Metals Inc. has been bankrupt under the Bankruptcy and Insolvency Act since March 26, 2024, with MNP Ltd. acting as Licensed Insolvency Trustee in proceedings before the Supreme Court of British Columbia. The estate's assets consist of $148,217.00 in cash, being net proceeds of a pre-bankruptcy auction sale of assets now held by the Trustee. The Statement of Affairs puts liabilities at $1,507,114.55, comprising $15,000.00 secured, nil preferred and $1,492,114.55 unsecured. Eight proofs of claim totalling $1,346,315.42, all unsecured, have been filed to date, with no material differences from the Statement of Affairs listing and no secured or preferred claims filed. Driven Financial Technologies Corporation holds general collateral security over all present and after-acquired personal property, registered per a BC Personal Property Registry search of March 7, 2024, and has not submitted a proof of claim. The company estimates $23,000.00 in unremitted payroll source deductions subject to a Canada Revenue Agency deemed trust ranking ahead of all other creditors; that figure is unconfirmed and CRA has not filed a proof of claim.