Tundra Electric Inc.

Tundra Electric Inc. commenced proceedings on April 19, 2023 by notice of intention under section 50.4 of the Bankruptcy and Insolvency Act, in the Court of King's Bench for Saskatchewan, file BKY-RG-00083-2023; the matter remains active. Liabilities as filed at April 11, 2023 total $1,798,331, comprising $560,872 secured and $1,237,459 unsecured, against assets of $475,000 per the Statement of Affairs carrying an estimated realization of $242,000 as at March 23, 2023, made up of cash, accounts receivable, inventory and equipment. At the April 11, 2023 meeting of creditors, two unsecured creditors holding claims of $1,158,312 voted in favour of the Amended Proposal. The Canada Revenue Agency's claim of $625,329.42 included $560,872.90 asserted as a deemed trust for pre-filing source deductions under subsection 60(1.1), leaving $64,456.52 counted as unsecured for voting purposes.