Planet Energy (Ontario) Corp. and Planet Energy (B.C.) Corp.

Planet Energy (Ontario) Corp. and Planet Energy (B.C.) Corp. remain in a court-appointed receivership before the Ontario Superior Court of Justice (Commercial List), under court files 31-2943175 and 31-2943168, which began on June 8, 2023 when KSV Restructuring Inc. was appointed interim receiver under section 47.1(1) of the Bankruptcy and Insolvency Act on the application of All Communications Network of Canada, Co. A Statement of Affairs for Planet Energy (Ontario) Corp. as at September 27, 2023 puts that entity's assets at $9,300,844.43 against liabilities of $36,547,637.22, a reported deficiency of $27,246,792.79. Unsecured claims total $35,614,637.22, of which $35,184,894.00 is owed to All Communication Network (ACN) of Canada Co.; Scotiabank is listed as secured for a balance of $933,000.00, with no preferred claims. The proceeding is active.