Lanwest Mfg. Technologies Inc.

Lanwest Mfg. Technologies Inc. remains in a court-appointed receivership commenced 14 October 2016 in the Ontario Superior Court of Justice (Commercial List) under court file CV-16-11546-00CL, on the application of Grand River Enterprises Six Nations Limited under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. BDO Canada Limited acts as receiver and manager, and in the related capacities of trustee in bankruptcy and proposal trustee. The Statement of Affairs, as at 20 July 2016, put total assets at $10,179,655.01 against total liabilities of $12,182,537.12, a deficiency of $2,002,882.11 with no surplus. Secured claims of $10,179,655.01 are attributed to Grand River Enterprises Six Nations, which also holds an unsecured balance of $1,959,110.91; Royal Bank of Canada is listed as a secured creditor without a stated amount.