Alberta · Receivership (court-appointed)
Application
Application / notice of application · 4 March 2024
What we verified from this filing1 verified
- secured creditorsnote: Debenture originally secured three parcels; Roynat discharged the Debenture only as against lands legally described as Plan 98545666, Block 29, Lots 16 and 17 via refinancing, reserving all rights as to the Janmar Lands (partial discharge). Application (para. 16, p.4) states $5,516,385.13 owing as of February 23, 2024; the Order-Judgment dated March 4, 2024 (Schedule B) fixed the amount owing at $5,531,238.23 against both Janmar and its co-defendant guarantor 1406676 Alberta Ltd. ("140") jointly and severally — the later, exact dated judgment figure is used as amount. Debt also guaranteed by 1406676 Alberta Ltd. (corporate guarantor, related co-defendant) and by personal guarantees of Ward Fleming and Marjorie Carr (individuals), each guaranteeing $1,000,000.00 plus interest after demand — personal guarantors, not separate secured creditors of Janmar. · page: 19 · as of: 2024-03-04 · amount: 5531238.23 · debtor: Janmar Investments (Alberta) Ltd. · creditor: Roynat Inc. · currency: CAD · security: Demand Debenture made by Janmar on February 7, 2017, registered in the Alberta Land Titles Office March 6, 2017 as Instrument No. 172 060 051; mortgage and charge over the Janmar Lands (Plan 1520043, Block 2, Lot 4) and general security over all present and after-acquired personal property, accounts, instruments, debts and inventory of Janmar; Debenture states a registration/principal ceiling of up to $11,000,000.00 plus interest at 25% per annum (this is a facility/registration ceiling, not the outstanding balance).