PV Labs Inc.

PV Labs Inc. filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act (Canada) on January 27, 2017, with BDO Canada Limited acting as Proposal Trustee. The matter is before the Ontario Superior Court of Justice under court file no. 32-2211776, and the proceeding remains active. The list of creditors with claims of $250 or more filed as Form 33 shows unsecured claims led by the Business Development Bank of Canada at $2,164,076.00, Vexos at $494,905.16, Commuter Air Tech at $269,179.20, D3 Engineering, LLC at $182,934.91, Apex Composites Inc. at $107,082.89 and Rubicon Gear at $103,280.86. The schedule also lists a long tail of suppliers, professional advisers, several individual creditors, and a series of RBC Royal Bank Visa account balances held in individual names.