Alberta · Receivership (court-appointed)

Notice of Application to Appoint Receiver

Application / notice of application · 15 July 2022

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 filing1 verified

secured creditorsnote: Indebtedness includes amounts under the Mortgage Facility (original amount $18,900,000) and CEBA Facility (original amount $60,000); plus further amounts owed for costs and expenses (including solicitor-client full indemnity legal costs) and accruing interest not included in stated figure · page: 2 · as of: 2022-06-27 · amount: 12541398.24 · debtor: Radium Scout First Ltd. · creditor: Servus Credit Union Ltd. · currency: CAD · security: General Security Agreement dated March 28, 2014 (all present and after-acquired property); Mortgage dated March 15, 2017 in the amount of $18,900,000 registered as Instrument 172 079 274 against the Lands (Collateral Mortgage) - registered principal, not a balance; General Assignment of Leases and Rents dated December 20, 2012 executed by W. De Silva Properties, registered as Instrument 132 007 703