Saskatchewan · NOI
Affidavit of David Heier
Affidavit · 31 January 2025
Also filed as: Affidavit of David Heier
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 filing7 verified
- secured creditorsnote: Court-ordered charge securing reasonable professional fees of the Proposal Trustee and counsel; not a conventional lending creditor · page: 2 · as of: November Orders dated 2024-11-20 · amount: 150000 · debtor: ALX Artificial Lift Werx Ltd. and Davey Crocket Investments Ltd. · creditor: Ernst & Young Inc. (Proposal Trustee), McDougall Gauley LLP, and MLT Aikins LLP · currency: CAD · security: Administrative Charge over all real and personal property of each Debtor
- secured creditorsnote: Identified as a key secured creditor of ALX; no balance stated in this document; ranks ahead of the Interim Financing Charge · page: 3 · debtor: ALX Artificial Lift Werx Ltd. · creditor: Affinity Credit Union 2013 · currency: CAD · security: Existing security interests in the assets of ALX (unspecified)
- secured creditorsnote: Identified as a key secured creditor of ALX; no balance stated in this document; ranks ahead of the Interim Financing Charge · page: 3 · debtor: ALX Artificial Lift Werx Ltd. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Existing security interests in the assets of ALX (unspecified)
- secured creditorsnote: Related party: DCIL is a major shareholder of ALX and shares common director/officer David Heier. Charge originally granted at $300,000 by November Orders to secure interim financing for pumpjack manufacture/sale; increase to $675,000 sought to secure Additional Interim Financing of $375,000. Charge ranks subordinate to BDC, Affinity, and Current security interests. · page: 4 · as of: Court-ordered Interim Financing Charge, as increased per January 31, 2025 application · amount: 675000 · debtor: ALX Artificial Lift Werx Ltd. · creditor: Davey Crocket Investments Ltd. (DCIL) · currency: CAD · security: Interim Financing Charge over all real and personal property of ALX
- secured creditorsnote: Identified as a key secured creditor of ALX; no balance stated in this document; ranks ahead of the Interim Financing Charge · page: 4 · debtor: ALX Artificial Lift Werx Ltd. · creditor: Current Financial Corp. · currency: CAD · security: Existing security interests in the assets of ALX (unspecified)
- secured creditorsnote: Outstanding amount owing referenced but not quantified; to be paid as condition of closing First Preferred Energy Sale, upon which CWB will discharge its PPR registration · page: 6 · debtor: ALX Artificial Lift Werx Ltd. · creditor: CWB National Leasing · currency: CAD · security: Financing lease over a Forklift; PPR registration held by CWB as Lessor
- secured creditorsnote: Exact buy-out balance per Meridian Buy-Out Invoice dated January 22, 2025 (effective until January 31, 2025); ALX intends to pay this out before end of February 2025 · page: 13 · as of: 2025-01-22 · amount: 5240.11 · debtor: ALX Artificial Lift Werx Ltd. · creditor: Meridian One Cap Credit Corp. · currency: CAD · security: Financing lease over a Marvel MSIW66S 66-ton Iron Worker (specialized manufacturing equipment)