Milarm Co. Ltd. and 1903083 Alberta Ltd.
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- 1701-21513
- Industry
- Retail · Specialty retail
Milarm Co. Ltd. and 1903083 Alberta Ltd. are subject to insolvency proceedings commenced December 13, 2017, in the Court of King's Bench of Alberta (court file no. 1701-21513), on the application of Royal Bank of Canada; Grant Thornton Limited was appointed receiver. The receiver's report placed the liquidation value of the companies' firearms, tactical gear and clothing inventory at $350,000, based on a November 13, 2017 appraisal it said it had not verified for reasonableness. Royal Bank of Canada and Merchant Advance Capital each hold a PPSA registration against the companies; the receiver's report does not acknowledge the amounts owing or the security claimed by either. A creditor listing (Appendix A) shows Royal Bank of Canada for $486,158.46 and Stoeger Canada for $118,878.74, among numerous trade creditors, with Allan Kerr and Sharon Kerr's claim amount noted as 'to be filed.'
The officer filed report no. First Report. The Receiver took possession of the debtors' premises, investigated a large number of missing consigned firearms that had been diverted through a consignment arrangement with Capital City Group, recovered some firearms, and intends to liquidate recovered assets and return consigned inventory to owners. Court file 1701-21513.
Source: First Report of Receiver dated December 19, 2017.pdf
Application re Appointment of the Receiver Filed December 8, 2017.pdf — Application / notice of application
Debtor
Milarm Co. Ltd. and 1903083 Alberta Ltd.
Receiver
Doane Grant Thornton
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 casesPPSA registration — PPSA search identified registration; no acknowledgement made by Receiver concerning amounts owing or security claimed. Note: RBC also appears as an unsecured creditor claim of $486,158.46 on the creditor list (Appendix A) - possibly reflecting shortfall/unsecured portion. — debtor: Milarm Co. Ltd. and 1903083 Alberta Ltd. | — | Notice and Statement of the Receiver.pdf |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
32 more claims in 2 classes The stack holds Secured and Unsecured claims.
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The total the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Notice and Statement of the Receiver.pdf
| PDF · Subscribers | |
First Report of Receiver dated December 19, 2017.pdf
| PDF · Subscribers | |
Application re Appointment of the Receiver Filed December 8, 2017.pdf
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Milarm Co. Ltd. and 1903083 Alberta Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/milarm-co-ltd-and-1903083-alberta-ltd