Mountain Bike City Inc.

Mountain Bike City Inc. has been in bankruptcy since February 8, 2016, under court file 25-094613, with Ernst & Young Inc. as trustee and the estate administered on the basis of subsection 102(1) of the Bankruptcy and Insolvency Act. The creditor list reported by the trustee, as of February 12, 2016, shows secured claims of $145,000 owing to Alberta Treasury Branches - 07909 and $75,000 to TBG, The Bicycle Group Limited, which also appears as an unsecured claimant for a further $84,151. Among the unsecured claims are $44,262.39 to TPD/Tyler Downs, $37,437.78 to BJC/Brad Chandler, $30,958.38 to Spawn Cycles, $30,000 to a related party identified as Tyler Downs' Mother, and Canada Revenue Agency claims of $12,549.83 for source deductions and $858 for GST arrears. The proceeding remains active.