Maynooth Natural Granite Inc.

Maynooth Natural Granite Inc. has been under court-appointed receivership in Ontario since August 27, 2024, when the Ontario Superior Court of Justice granted an interim order on the application of the Business Development Bank of Canada under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, appointing BDO Canada Limited as receiver and manager. The proceeding, court file CV-24-00000125-0000, remains active. As at the date of the receivership order, secured and priority claims were listed as $955,688.05 owing to the Business Development Bank of Canada, $350,000 to Robert D. Robinson Logging Ltd. and $120,000 to The Royal Bank of Canada. Unsecured claims scheduled against the company include $40,073.22 to the Receiver General, $40,000 to Scotiabank, $28,559.06 to Tri Pac Inc., $16,000 to Scott Petrie and $13,496.35 to Ultramar Bancroft.