Noble Metal Processing Canada, Inc.

Noble Metal Processing Canada, Inc. filed an assignment in bankruptcy on May 5, 2009, with RSM Richter Inc. as trustee in the Ontario estate (estate no. 32-1201302, division 07 - Hamilton). The proceeding remains active. The company's Form 78 Statement of Affairs, as at May 1, 2009, put total assets at $3,804,064.00 against total liabilities of $3,988,311.74, a deficiency of $184,247.74. Liabilities were made up of unsecured claims of $2,976,306.74, secured claims with security valued at $1,000,005.00, and preferred claims of $12,000.00. The preliminary creditor list is dominated by Chrysler LLC at $2,415,335.97 unsecured and General Electric Canada Equipment Finance G.P. at $1,000,000.00 secured, followed by Metal One at $159,888.48 and Morrell Controls Canada at $128,647.16. Brantford-area utilities, suppliers and employees account for the balance.