Wilson Electric Inc.

Wilson Electric Inc. remains in a court-appointed receivership commenced on September 10, 2012 in the Supreme Court of British Columbia under BIA s. 243 and provincial Judicature Act authority. The proceeding is active. Secured claims recorded as at the date of bankruptcy comprise approximately $198,000 owing to Eecol Electric ULC, per a Personal Property Registry search, and approximately $75,000 on a business loan from Alberta Treasury Branches, estimated from the company's books and records; both creditors hold security interests registered at the Alberta Personal Property Registry. The Canada Revenue Agency asserts an unsecured deemed trust claim for GST and payroll remittances, estimated at approximately $280,000 on company-provided information and owner discussions, with the Trustee to work with CRA on a final audit of payroll source deductions.