Del Equipment Inc.

Del Equipment Inc. remains in active bankruptcy proceedings under the BIA in Ontario, commenced December 3, 2020, with MNP Ltd. acting as Licensed Insolvency Trustee under court file 31-2694356. The sworn Statement of Affairs puts liabilities at $18,114,003.63, of which $18,114,001.63 is unsecured and $2.00 represents contingent and trust claims tied to two unresolved assumed warranty matters; the Trustee is aware of no secured creditors, those having been addressed through the earlier CCAA proceedings and receivership, and none preferred under section 136. Diesel Equipment Ltd. and Gin-Cor Industries Inc. and related entities are the largest unsecured creditors at approximately $9.96 million, or 55% of the SOA total. Claims filed and admitted for voting purposes only as at January 7, 2021 totaled $14,335,538.31. Cash of $4,238,736.79 was estimated, of which $4,235,075.35 has been realized.