Duca Trans Inc.

Duca Trans Inc. is under court-appointed receivership in Prince Edward Island, with MNP Ltd. acting as Receiver under subsections 245(1) and 246(1) of the Act before the Supreme Court of Prince Edward Island. The proceeding is active. Royal Bank of Canada is the appointing creditor, owed $706,497 CAD according to the Receiver's records, on security including a Master Lease Agreement dated August 9, 2022, general security agreements dated February 2, 2016 and June 15, 2018, a September 14, 2016 Master Lease Agreement, priority agreements dated June 18, 2018 with iTruck Financial Inc. and Company Capital Inc. under which both rank behind RBC, and a purchase-money security interest in a 2018 LS Loader XR3135H. Some fifteen further secured parties, among them Bank of Montreal, the Canada Revenue Agency for HST and payroll, CWB National Leasing Inc., Daimler Truck Financial Services Canada Corporation, Farm Credit Canada, Finance PEI, LBEL Inc., Merchant Opportunities Fund Limited Partnership, Sonoma Capital Corp., TD Equipment Finance Canada, The Toronto-Dominion Bank and VFS Canada Inc., are identified from personal property registry searches and carried at nominal $1 values.