Alberta · Interim receivership
Affidavit of Ashton Boisselle
Affidavit · 3 December 2025
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What we verified from this filing5 verified
- secured creditorsnote: Named as holding a security interest postponed and subordinated to ATB per the Commitment Letter (Exhibit B); no balance or collateral description disclosed on the pages provided. · page: 22 · debtor: Excalibur Mechanical Ltd. · creditor: Echelon Insurance · currency: CAD · security: Postponement and Subordination of Security Interest (nature and amount of underlying security not stated in the record)
- secured creditorsnote: Aggregate stated total of 'Obligations under capital lease' per compiled financial statements (Note 4), before current portion split. Excludes separately itemized vehicle-secured long-term debt owed to Ford Credit and Royal Bank of Canada (Note 5), which are not summed here to avoid computing an unstated total. · page: 102 · as of: 2025-01-31 · amount: 1202244 · debtor: Excalibur Mechanical Ltd. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Capital leases secured by specific serialized equipment (including JD Finance, CWB National Leasing, John Deere Financial, Wells Fargo, Ritchie Bros Financing, TFG, Recap, and Arundel Lease)
- secured creditorsnote: Distinct direct BDC loan secured by GSA, separate from the ATB HASCAP facilities which are merely backed/guaranteed by BDC. · page: 103 · as of: 2025-01-31 · amount: 18260 · debtor: Excalibur Mechanical Ltd. · creditor: Business Development Bank of Canada · currency: CAD · security: General security agreement; loan bearing interest at 2.8% per annum, monthly blended payments of $1,660, maturing November 10, 2025
- secured creditorsnote: Security interest postponed and subordinated to ATB pursuant to a Postponement and Subordination of Security Interest referenced in ATB's Commitment Letter (Exhibit B). · page: 104 · as of: 2025-01-31 · amount: 211277 · debtor: Excalibur Mechanical Ltd. · creditor: Apeetogosan (Metis) Development Inc. · currency: CAD · security: General security agreement; loan bearing interest at 9% per annum, monthly blended payments of $9,540, maturing December 15, 2026
- secured creditorsnote: Affidavit (para 20) states indebtedness of $1,243,290.21 as at December 2, 2025 (prose); exact payout statement (Exhibit G) dated December 2, 2025 states total payout balance of $1,243,290.31, used here as the amount. Guarantors Deseree Spooner and Bradley Spooner are personal (individual) guarantors, not companies; guarantee is a security document but the guarantors themselves are noted here per role, not entered as separate secured creditors. · as of: 2025-12-02 · amount: 1243290.31 · debtor: Excalibur Mechanical Ltd. · creditor: ATB Financial · currency: CAD · security: General Security Agreement dated September 3, 2019 over all present and after-acquired personal property, including accounts receivable and equipment; perfected by PPSA registration no. 17121910210 (Alberta), registered December 19, 2017; also secured by a joint and several limited guarantee from the Guarantors dated September 3, 2019, capped at $329,600.00 plus interest and enforcement costs