Saskatchewan · Receivership (court-appointed)
1 Receivers Second Report - Tuscany - Feb 23- 2017.pdf
Court officer report · 23 February 2017
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What we verified from this filing16 verified
- secured creditorsnote: WEPPA Claim · page: 6 · as of: 2017-01-20 · amount: 8939.25 · debtor: Tuscany Energy Ltd. · creditor: Service Canada (Wage Earner Protection Program Act claim) · currency: CAD · security: Statutory priority under Section 81.4 of the Bankruptcy and Insolvency Act ranking ahead of all creditors against current assets
- secured creditorsnote: Part of Municipal Arrears; ranks in priority to ATB Indebtedness · page: 7 · as of: pre-filing (prior to Receivership Order dated June 30, 2016) · amount: 179937.24 · debtor: Tuscany Energy Ltd. · creditor: Rural Municipality of Eye Hill No. 382 · currency: CAD · security: Statutory lien under Section 320 of the Municipalities Act (Saskatchewan)
- secured creditorsnote: Part of Municipal Arrears; ranks in priority to ATB Indebtedness · page: 7 · as of: pre-filing (prior to Receivership Order dated June 30, 2016) · amount: 238.14 · debtor: Tuscany Energy Ltd. · creditor: Rural Municipality of Senlac No. 411 · currency: CAD · security: Statutory lien under Section 320 of the Municipalities Act (Saskatchewan)
- secured creditorsnote: Registered amount was $56,576.10; claimant filed for less than registered · page: 8 · as of: builders' lien claims process (per Sale Approval and Vesting Order) · amount: 19264.62 · debtor: Tuscany Energy Ltd. · creditor: Opper Bros. Contracting Ltd. · currency: CAD · security: Builders' Lien (Saskatchewan) - registered SMER Registrant
- secured creditorsnote: Registered amount was $63,819.17; claimant filed for less than registered · page: 8 · as of: builders' lien claims process (per Sale Approval and Vesting Order) · amount: 20187.77 · debtor: Tuscany Energy Ltd. · creditor: Pacific Tubulars Ltd. · currency: CAD · security: Builders' Lien (Saskatchewan) - registered SMER Registrant
- secured creditorspage: 8 · as of: builders' lien claims process (per Sale Approval and Vesting Order) · amount: 25105.89 · debtor: Tuscany Energy Ltd. · creditor: Pyramid Corporation · currency: CAD · security: Builders' Lien (Saskatchewan) - registered SMER Registrant
- secured creditorsnote: Registered amount was $18,663.48; claimant filed in excess of registered amount · page: 8 · as of: builders' lien claims process (per Sale Approval and Vesting Order) · amount: 21183.48 · debtor: Tuscany Energy Ltd. · creditor: Trican Partnership · currency: CAD · security: Builders' Lien (Saskatchewan) - registered SMER Registrant
- secured creditorsnote: Registered amount was $149,838.34; claimant filed for less than registered · page: 8 · as of: builders' lien claims process (per Sale Approval and Vesting Order) · amount: 73458.4 · debtor: Tuscany Energy Ltd. · creditor: Xtreme Drilling and Coil Services Corp. · currency: CAD · security: Builders' Lien (Saskatchewan) - registered SMER Registrant
- secured creditorspage: 8 · as of: builders' lien claims process (per Sale Approval and Vesting Order) · amount: 3077.55 · debtor: Tuscany Energy Ltd. · creditor: Formula Powell Trucking 2006 Ltd. · currency: CAD · security: Builders' Lien (Saskatchewan) - registered SLT Registrant (Saskatchewan Land Titles Registry)
- secured creditorspage: 8 · as of: builders' lien claims process (per Sale Approval and Vesting Order) · amount: 9383.09 · debtor: Tuscany Energy Ltd. · creditor: Withers Trucking 2006 Ltd. · currency: CAD · security: Builders' Lien (Saskatchewan) - registered SLT Registrant (Saskatchewan Land Titles Registry)
- secured creditorspage: 8 · as of: builders' lien claims process (per Sale Approval and Vesting Order) · amount: 22510.25 · debtor: Tuscany Energy Ltd. · creditor: Heritage Environmental Services Inc. · currency: CAD · security: Builders' Lien (Saskatchewan) - registered SLT Registrant (Saskatchewan Land Titles Registry)
- secured creditorsnote: Claimed amount; registered amount was $61,301.33 · page: 8 · as of: builders' lien claims process (per Sale Approval and Vesting Order) · amount: 61305.8 · debtor: Tuscany Energy Ltd. · creditor: Black Bull Operational Services Ltd. · currency: CAD · security: Builders' Lien (Saskatchewan) - registered SMER Registrant
- secured creditorspage: 8 · as of: builders' lien claims process (per Sale Approval and Vesting Order) · amount: 96793.91 · debtor: Tuscany Energy Ltd. · creditor: Canwest Propane Limited Partnership · currency: CAD · security: Builders' Lien (Saskatchewan) - registered SMER Registrant
- secured creditorsnote: Prior indebtedness was approximately $8,276,411 plus accrued interest and costs; after Interim Distribution of $7,500,000, ATB advised it was owed $1,164,655.81 estimated to Feb 28, 2017, with per diem interest of $184.15 accruing thereafter ("Updated ATB Indebtedness"); senior secured creditor per Sale Approval and Vesting Order · page: 10 · as of: 2017-02-28 · amount: 1164655.81 · debtor: Tuscany Energy Ltd. · creditor: Alberta Treasury Branches (ATB) · currency: CAD · security: Security against all present and after-acquired personal property of Tuscany ("ATB Security")
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST/PST · quote: 13,894.99 $ · amount: 13894.99 · fees: quote: 268,897.17 $ · amount: 268897.17 · total: quote: 291,794.71 $ · amount: 291794.71 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 9,002.55 $ · amount: 9002.55 · period: kind: cumulative · label: THE PERIOD OF JUNE 30, 2016 TO COMPLETION · quote: SUMMARY OF PROFESSIONAL FEES FOR THE PERIOD OF JUNE 30, 2016 TO COMPLETION · start: 2016-06-30 · approval: state: unstated · averages: · currency: · invoices: tax: 521.52 · fees: 10430.36 · quote: to June 30, 2016 | LABS-1556 | 10,430.36 $ | - $ | 10,430.36 $ | 521.52 $ | 10,951.88 $ · total: 10951.88 · period end: 2016-06-30 · disbursements: 0; tax: 1573.98 · fees: 31479.67 · quote: to July 31, 2016 | LABS-1601 | 31,479.67 | - | 31,479.67 | 1,573.98 | 33,053.65 · total: 33053.65 · period end: 2016-07-31 · disbursements: 0; tax: 1373.51 · fees: 27470.11 · quote: to August 31. 2016 | LABS-1606 | 27,470.11 | - | 27,470.11 | 1,373.51 | 28,843.62 · total: 28843.62 · period end: 2016-08-31 · disbursements: 0; tax: 2799.16 · fees: 49127.46 · quote: to September 30, 2016 | LABS-1641 | 49,127.46 | 6,855.79 | 55,983.25 | 2,799.16 | 58,782.41 · total: 58782.41 · period end: 2016-09-30 · disbursements: 6855.79; tax: 2974.74 · fees: 57990.9 · quote: to October 31, 2016 | LABS-1671 | 57,990.90 | 1,503.95 | 59,494.85 | 2,974.74 | 62,469.59 · total: 62469.59 · period end: 2016-10-31 · disbursements: 1503.95; tax: 2542.16 · fees: 50843.19 · quote: to November 30, 2016 | LABS-1679 | 50,843.19 | - | 50,843.19 | 2,542.16 | 53,385.35 · total: 53385.35 · period end: 2016-11-30 · disbursements: 0; tax: 771.42 · fees: 14794.36 · quote: to December 31, 2016 | LABS-1727 | 14,794.36 | 634.00 | 15,428.36 | 771.42 | 16,199.78 · total: 16199.78 · period end: 2016-12-31 · disbursements: 634; tax: 463.5 · fees: 9261.12 · quote: to January 31, 2017 | LABS-1754 | 9,261.12 | 8.81 | 9,269.93 | 463.50 | 9,733.43 · total: 9733.43 · period end: 2017-01-31 · disbursements: 8.81 · firm text: Grant Thornton Limited · firm quote: Grant Thornton Limited, in its capacity as Receiver of Tuscany Energy Ltd. , and not in its personal or corporate capacity. · context quote: in its capacity as receiver of certain assets of Tuscany Energy Ltd. and not in its personal capacity; form: invoice_listing · rows: · money: tax: label: GST/PST · quote: 3,699.10 $ · amount: 3699.1 · fees: quote: 51,576.00 $ · amount: 51576 · total: quote: 58,831.03 $ · amount: 58831.03 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 2,228.45 $ · amount: 2228.45 · period: kind: cumulative · label: THE PERIOD OF JUNE 30, 2016 TO COMPLETION · quote: SUMMARY OF PROFESSIONAL FEES FOR THE PERIOD OF JUNE 30, 2016 TO COMPLETION · start: 2016-06-30 · approval: state: unstated · averages: · currency: · invoices: tax: 287.59 · fees: 2867.5 · quote: to July 31, 2016 | 663472 | 2,867.50 $ | 16.45 $ | 2,883.95 $ | 287.59 $ | 3,171.54 $ · total: 3171.54 · period end: 2016-07-31 · disbursements: 16.45; tax: 459.21 · fees: 4515 · quote: to August 15, 2016 | 665899 | 4,515.00 | 153.92 | 4,668.92 | 459.21 | 5,128.13 · total: 5128.13 · period end: 2016-08-15 · disbursements: 153.92; tax: 716.35 · fees: 7142.5 · quote: to September 15, 2016 | 669421 | 7,142.50 | 71.75 | 7,214.25 | 716.35 | 7,930.60 · total: 7930.6 · period end: 2016-09-15 · disbursements: 71.75; tax: 244.15 · fees: 2340 · quote: to October 15, 2016 | 672204 | 2,340.00 | 202.75 | 2,542.75 | 244.15 | 2,786.90 · total: 2786.9 · period end: 2016-10-15 · disbursements: 202.75; tax: 241.8 · fees: 4790 · quote: to November 15, 2016 | 676241 | 4,790.00 | 46.00 | 4,836.00 | 241.80 | 5,077.80 · total: 5077.8 · period end: 2016-11-15 · disbursements: 46; tax: 1327.48 · fees: 12421 · quote: to December 15, 2016 | 680111 | 12,421.00 | 1,737.58 | 14,158.58 | 1,327.48 | 15,486.06 · total: 15486.06 · period end: 2016-12-15 · disbursements: 1737.58 · firm quote: Professional Fees - Receiver's legal counsel · context quote: COUNSEL MLT Aikins LLP 1500 Saskatoon Square 410 - 22nd Street East Saskatoon, SK S7K 5T6 · firm unverified: true
- recovery outcomeentries: basis: estimated · quote: Service Canada, in the full amount of the WEPPA Claim; · pct of: unstated · outcome: paid_in_full · class key: weppa · stated by: receiver · class label: WEPPA Claim · creditor name: Service Canada · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: the respective municipalities, in the full amount of the Municipal Arrears; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Municipal Arrears · creditor name: the respective municipalities · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: the Lien Claimants, in the full amount of their Lien Claims; · pct of: unstated · outcome: paid_in_full · class key: pmsi_lessor · stated by: receiver · class label: Lien Claims · creditor name: the Lien Claimants · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: ATB, in the full amount of the Updated ATB Indebtedness; then to · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Alberta Treasury Branches · creditor name: ATB · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: | Estimated funds available for distribution to the Trustee in Bankruptcy of Tuscany | 3,993 $ | · pct of: unstated · outcome: distribution · class key: unsecured · stated by: receiver · amount low: 3993 · amount high: 3993 · class label: Trustee in Bankruptcy of Tuscany · creditor name: the Trustee in Bankruptcy of Tuscany · interim final: unstated · conditional on: to the extent available · claims qualifier: unstated · stated on: 2017-02-23 · table missing: