Alberta · Receivership (court-appointed)
Affidavit of Louis-David Julien sworn March 12, 2026
Affidavit · 12 March 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing3 verified
- secured creditorsnote: Total 'Outstanding Indebtedness' as stated in affidavit para. 10. Also secured by corporate guarantees from 2043123 Alberta Ltd., 1815252 Alberta Ltd., GWDB Inc., Blacksquare Australia Pty Ltd., 2641570 Ontario Inc. and Folly Enterprises Inc. (related-party corporate guarantors), and personal guarantees from Matthew Protti and David Gluzman (officers/directors - conditional personal guarantees). Demand letter and NOI to enforce security sent March 9, 2026. · page: 3 · as of: 2026-03-06 · amount: 3021297.8 · debtor: BlackSquare Inc. · creditor: BDC Capital Inc. · currency: CAD · security: General Security Agreement dated August 28, 2017 ("GSA") over all assets, undertaking and property of BlackSquare Inc.; secures Credit Facility #127302-01 ($1,379,378.25 total incl. principal, interest, bonus equity payment, fees) and Credit Facility #127302-02 ($1,641,919.55 total incl. principal, interest, bonus equity payment, fees)
- secured creditorsnote: Document states 'On August 2, 2017, RBC registered its security interests against Blacksquare pursuant to the GSA' - this appears anomalous/possibly an error in the affidavit (GSA is dated August 28, 2017 and is BDC's security instrument); reported as stated in source document. · page: 3 · as of: 2017-08-02 · debtor: BlackSquare Inc. · creditor: RBC · currency: CAD · security: Registered security interest against BlackSquare "pursuant to the GSA" per Alberta PPR search
- secured creditorsnote: Affidavit states BDC is 'not aware of the nature and amount of such parties' claim' · page: 5 · debtor: BlackSquare Inc. · creditor: Bankers Hall LP and related entities · currency: CAD · security: Registration against the Borrower per BlackSquare PPR Search dated February 9, 2026