Goldband Shake and Shingle Ltd.

Goldband Shake & Shingle Ltd. remains in active insolvency proceedings, with its Statement of Affairs listing total assets of $68,500 against total liabilities of $614,831. The liability figures break down as $188,691 secured, nil preferred and $426,140 unsecured. Bank of Nova Scotia is the principal secured creditor at approximately $187,000, holding general security over all present and after-acquired personal property under a British Columbia PPR financing statement registered November 6, 2002, against an operating line of credit with a $200,000 maximum. The Canada Revenue Agency asserts a deemed trust claim of approximately $1,656 for unremitted payroll deductions, ranking in priority to all other creditors. As of the report date, no proofs of claim had been filed in any class, including by Scotiabank.