Hunterwood Technologies Ltd.
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- 2403 02919
Hunterwood Technologies Ltd. was placed in court-appointed receivership on February 9, 2024, under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, in court file No. 2403 02919. Its primary secured creditor, HSBC Bank Canada, was owed approximately $8.7 million as at the receivership date; an affidavit puts the total at $8,733,351.94 as at February 7, 2024, before legal costs, comprising an operating loan of $2,693,989.81, a capital loan facility of $3,741,396.42, a letter of guarantee facility of $1,682,343.75 (approximately USD 1,250,000), a master lease facility of $577,438.18 and a MasterCard facility of $38,183.78. HSBC held general security agreements over the present and future personal property of Hunterwood, Harvest Farm Equipment Inc. and Hunterwood Technologies USA Ltd., with guarantees from both, and first priority over Hunterwood's personal property per a PPSA search dated February 6, 2024. Apex III Investment Fund Limited Partnership and Roynat Capital Inc., the latter also a Hunterwood shareholder, are subordinated to HSBC's repayment in full under an August 9, 2023 subordination agreement. The record shows an order dated April 12, 2024 and a bid deadline of May 10, 2024. The proceeding is closed.
Application for Approval of Distribution and Discharge by the Receiver — Application / notice of application
Receiver's Closing Certificate (Haytek Millwright Services LLC) - Filed July 26 2024 — Court officer certificate
Order Granting Motion to Sell Property and Granting Recognition of Canadian Court's Sale Order — Application / notice of application
The court approved a sale and investment solicitation process. A bid deadline of 2024-05-10.
Source: Application (SISP Approval)
The court approved a sale and investment solicitation process. A bid deadline of 2024-05-10.
Source: Order Approving Sale and Investment Solicitation Process
Debtor
Hunterwood Technologies Ltd.
Receiver
EY
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | HSBC Bank Canada · in 54 casesGeneral Security Agreements over all present and future personal property of Hunterwood (Jan 7, 2022), Harvest (Jan 7, 2022) and USA (May 24, 2022); Guarantees from Harvest (Jan 7, 2022) and USA (May 24, 2022) of Hunterwood's indebtedness; first priority position over Hunterwood's personal property per PPSA search dated Feb 6, 2024 — Stated TOTAL before legal costs per affidavit para 31, comprised of Operating Loan $2,693,989.81, Capital Loan Facility $3,741,396.42, Letter of Guarantee Facility $1,682,343.75 (approximate, USD 1,250,000), Master Lease Facility $577,438.18, MasterCard Facility $ · as of 7 Feb 2024 | $8.73M | Affidavit of Brenda Chow |
| Secured | Apex III Investment Fund Limited Partnership (by its general partner Apex III Investment GP Inc.)Subordinated in all respects to prior repayment in full of HSBC indebtedness per subordination agreement dated August 9, 2023; amount owing not stated in document — debtor: Harvest Farm Equipment Inc. and Hunterwood Technologies Ltd. | — | Affidavit of Brenda Chow |
| Secured | Roynat Capital Inc. · in 3 casesSubordinated in all respects to prior repayment in full of HSBC indebtedness per subordination agreement dated August 9, 2023; Roynat is also a shareholder of Hunterwood (related party); amount owing not stated in document — debtor: Harvest Farm Equipment Inc. and Hunterwood Technologies Ltd. | — | Affidavit of Brenda Chow |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Unsecured creditors: no distribution. Service Canada $15K · Royal Bank of Canada $3.4M · Service Canada $14.7K.EstimatedFifth Report of the Receiver · 29 Jul 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| WEPPA | Service Canada | — | $15K | Estimatedper the receiver | Application for Approval of Distribution and Discharge by the Receiver · 29 Jul 2024 |
| Secured | Royal Bank of Canada | — | $3.4M | per the receiver | Interim Report of the Receiver and Manager · 8 Apr 2025 |
| Unsecured | other creditors of Hunterwood | — | no distribution | Estimatedper the receiver | Fifth Report of the Receiver · 29 Jul 2024 |
| class not placedService Canada | Service Canada | — | $14.7K | per the receiver | Interim Report of the Receiver and Manager · 8 Apr 2025 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
| Date | Document | File |
|---|---|---|
| Receiver's Discharge Certificate | ||
| Supplemental Order Granting Motion to Sell Property | ||
Interim Report of the Receiver and Manager
| ||
| Order for Final Distribution, Approval of Receiver's Fees and Activities, and Discharge of Receiver | ||
| Order Directing Clerk of Court to Unseal Document | ||
| Notice of Sale Closing | ||
Application for Approval of Distribution and Discharge by the Receiver
| ||
Fifth Report of the Receiver
| ||
| Receiver's Closing Certificate (Haytek Millwright Services LLC) - Filed July 26 2024 | ||
| Order Granting Motion to Sell Property and Granting Recognition of Canadian Court's Sale Order | ||
| Approval and Vesting Order - Auction | ||
| Approval and Vesting Order - Haytek Millwright Services LLC | ||
| Hunterwood Chisholm Declaration (Sale) | ||
| Hunterwood Ex Parte Sealing Motion | ||
| Hunterwood Sale Motion and Notice of Motion | ||
| Application by the Receiver - Sale Approval | ||
| Fourth Report of the Receiver | ||
| Order Granting Recognition of the Canadian Proceeding as a Foreign Main Proceeding | ||
| Declaration of Peter Chisholm (Part 1) | ||
| Declaration of Peter Chisholm (Part 2) | ||
| Emergency Motion to Establish Notice Procedures | ||
| Notice of Filing of Petition Seeking Chapter 15 Recognition | ||
| Petition for Chapter 15 Recognition | ||
Sale and Investment Solicitation Process - Teaser
| ||
Application (SISP Approval)
| ||
Order Approving Sale and Investment Solicitation Process
| ||
| Approval and Vesting Order | ||
| Sealing Order | ||
| Third Report of the Receiver | ||
| Application by the Receiver - March 20, 2024 | ||
| Second Report of the Receiver | ||
| Receivership Order (Hunterwood Technologies USA Ltd.) - 07 March 2024 | ||
First Report of the Receiver
| ||
| Notice and Statement of Receiver | ||
Application for Receivership Order
| ||
| Blackline Receivership Order | ||
Receivership Order
| ||
| Service List | ||
Affidavit of Brenda Chow
| ||
| Bench Brief | ||
| Statement of Claim | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Hunterwood Technologies Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/hunterwood-technologies-ltd