Pathway Construction Ltd.

Pathway Construction Ltd. is in Division I proposal proceedings under the Bankruptcy and Insolvency Act in the Supreme Court of Newfoundland and Labrador in Bankruptcy and Insolvency, court file 24615, with the matter dated to January 31, 2024 and a notice of intention filing date of September 28, 2023. The proceeding is active, and relief has been sought under section 50.4(9) of the Act and section 6 of the Bankruptcy and Insolvency General Rules. Unaudited internal statements put entity-level assets at $1,198,895 at book value as at September 30, 2023 against liabilities of $1,737,011 as at the filing date for claims of $250 or more; the itemized liabilities table totals $1,759,297. Bank of Montreal holds a general security agreement over all present and after-acquired property, with seven equipment and vehicle financiers holding PPSA security.