Energy Drilling Services Inc.

Energy Drilling Services Inc., an Alberta company, made an assignment in bankruptcy under section 49 of the Bankruptcy and Insolvency Act on November 27, 2019, with MNP Ltd. as trustee under estate number 24-2589003. The Statement of Affairs sworn by Rick W. Romanyk on behalf of the bankrupt, as at November 25, 2019, estimates total assets of $600,000.00 against total liabilities of $631,705.45, a stated deficiency of $31,705.45. Unsecured claims total $481,703.45; secured claims of $150,002.00 are shown at a nil balance after credit for security value. The secured claims of Canadian Western Bank ($150,000.00), RNF Corporation and McGinnis Holdings Ltd. (each valued at $1.00) are all taken against business debts due on various accounts receivable. Larger unsecured creditors include Blue Steel at $65,708.90, Dominion Pipe and Piling at $62,571.60 and Lafarge Canada Inc. at $48,952.51. The proceeding is active.