Owen Sound Golf And Country Club Limited

Owen Sound Golf And Country Club Limited has been in court-appointed receivership since July 15, 2011, when the Ontario Superior Court of Justice appointed BDO Canada Limited receiver on the application of Bank of Montreal under section 243 of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, in court file CV-11-9306-00CL. The receiver's notice and statement, as at the appointment date, listed assets of the company and Kenneth W. Rowe Limited combined: land and buildings at 318494 Westshore Road/Grey Rd. #1 at $1,882,634, equipment of $544,483, leased equipment of $274,422, accounts receivable of $159,921 and inventory of $94,177. Secured claims were reported as $1,100,000 owing to Bank of Montreal and $360,000 to Maxium Financial on leases. A creditor mailing list as of July 28, 2011 records trade, utility and Crown claims, the largest being Flanagan Foods at $16,764.88. The receivership remains active.