Silverado Oilfield Ventures Ltd.

Silverado Oilfield Ventures Ltd. has been in receivership since October 23, 2013, with Deloitte Restructuring Inc. as receiver under court file 24-115683. The receiver's notice put the company's property at a book value of $2,197,597 as at October 1, 2013 — capital assets and leased vehicles and equipment as at April 30, 2013 — while noting that net realizable value will be significantly lower. Secured claims total $2,111,900 at book value, with several components, including Canada Revenue Agency's, listed as unknown; HSBC Bank Canada is the largest at $1,500,000, secured by a general security agreement registered September 14, 2006 under the Alberta PPSA over all present and after-acquired personal property. Preferred claims total $23,154.47 and unsecured claims $525,342.78, a combined $548,497.25. The receivership remains active.