Chris Mechanical Services Inc.

Chris Mechanical Services Inc. has been under a court-appointed receivership in the Court of King's Bench of Alberta since December 18, 2015, taken under BIA s. 243 and provincial Judicature Act authority. The proceeding is recorded as closed. The financial detail on the record concerns a related entity, Duffy Building Corporation, reported on an entity-level rather than consolidated basis from unaudited statements as at November 30, 2015 that the Receiver has not audited, reviewed or verified, and on which it offers no comment as to realizable value: total assets of $3,786,000 against total liabilities of $10,329,000. Duffy's secured debt at that date was $5,633,000 to Century Services Inc. and $818,000 to 1784761 Alberta Ltd. (o/a ARP Factoring). Its unsecured listing included $3,066,343.38 owed to Chris Mechanical Services Ltd., an intercompany debtor also in receivership, $809,400 to directors, and $2,520 to Squire Law Firm.