Sun Pac Foods Limited

Sun Pac Foods Limited has been in court-appointed receivership since 12 November 2013, when 8527504 Canada Inc. brought an application before the Ontario Superior Court of Justice (Commercial List) under section 243 of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, in file CV-13-10331-00CL. BDO Canada Limited acts as receiver. On the company's unaudited internal statements as at 12 November 2013, estimated property of the insolvent person totalled $3,193,186, comprising accounts receivable of $273,081, finished goods inventory of $524,427, raw materials of $991,778, machinery and equipment (net) of $485,486 and prepayments of $918,414. Secured creditors total $6,222,752 — 8527504 Canada Inc. at $3,075,261, Liquibrands at $2,700,000 and Menkes at $447,491 — with other creditors listed in Appendix A totalling $4,501,576.11. The proceeding remains active.