Alberta · Receivership (court-appointed)
First Affidavit of David Hawreluk
Affidavit · 14 May 2026
AI summary
What we verified from this filing4 verified
- applicantGROW CAPITAL TWO INC.
- courtCOURT OF KING'S BENCH OF ALBERTA
- statutory basissection 242 of the Business Corporations Act, RSA 2000, c B-9
- secured creditorsnote: Outstanding Principal Amount not stated numerically in the affidavit; GC2 states it is unable to verify Cash Today's financial condition due to non-compliance with reporting covenants. Guarantees from 2327619 Alberta Ltd. and 2327624 Alberta Ltd. are corporate guarantees, not personal guarantees. · page: 2 · debtor: Cash Today Inc. · creditor: Grow Capital Two Inc. (as Administrator for the Lenders) · currency: CAD · security: General Security Agreement over all present and after-acquired property; Assignment of loan receivables; corporate guarantees from 2327619 Alberta Ltd. and 2327624 Alberta Ltd.; Loan capped at 50% of Cash Today's total Loan Receivables (facility limit, not balance); Initial Advance of $12,125,000 (original advance, not balance); maximum aggregate lender commitment CDN $50,000,000 (facility ceiling, not balance)