Gemini

Gemini Corporation, together with Gemec Services Limited, has been in a court-appointed receivership under s. 243 of the BIA in the Court of King's Bench of Alberta since 19 April 2018; the proceeding is closed. A Form 87 statement of affairs put the combined book value of the debtors' assets at $27,506 thousand as at 30 September 2017 — trade and other receivables of $22,453 thousand, property, plant and equipment of $3,150 thousand, intangible assets and goodwill of $1,308 thousand, deposits of $229 thousand and prepaid expenses of $366 thousand — on figures taken from the debtors' unaudited financial statements, with no comment from the Receiver on realizable value and no liabilities stated. A secured lender, unnamed in the document, was owed in excess of $12,853,334.36 as of 12 April 2018. The unsecured creditor listing as of 19 April 2018 runs to several hundred trade suppliers, the largest being Myshak Sales & Rentals Ltd. at $378,416.55, DNOW Canada ULC at $308,245.48 and Mistras Canada Inc. at $249,470.40, and includes $176,389.89 of employee vacation pay.