Alberta · Receivership (court-appointed)
Affidavit of Chris Enns sworn March 4, 2026
Affidavit · 4 March 2026
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What we verified from this filing2 verified
- secured creditorsnote: Amount is per Lender's payout statement (Exhibit A) as at March 4, 2026, being outstanding balance (principal $4,125,000 plus accrued interest and fees), exclusive of accruing interest, legal fees and expenses. Mortgage principal sum of $5,156,250 is registered ceiling, not outstanding balance. Personal guarantees given by Syed and Hassan (individuals) - not separate secured creditor entries. · page: 3 · as of: 2026-03-04 · amount: 4208217.63 · debtor: 2597427 Alberta Ltd. (Borrower); guaranteed by Mujtaba Syed and Ali Hassan · creditor: Computershare Trust Company of Canada, as nominee for Spire Pacific Capital Corporation ("the Lender") · currency: CAD · security: First mortgage (Land Titles Act Mortgage, principal sum up to $5,156,250.00) and Assignment of Rents and Leases over the Lands; Specific Security Agreement (general security interest in present and after-acquired goods, chattel paper, money, securities, documents of title, instruments, intangibles related to the Lands, incl. PMSI); General Assignment of Material Contracts; Assignment of Interest Reserve; Assignment of Insurance; Hypothecation of Shares (by Syed); Indemnity Agreement; perfected by PPR registrations and registration of Mortgage/GARL against Certificates of Title
- secured creditorsnote: Related party - Hassan is a personal guarantor of the Borrower's debt to the Lender, here asserting a separate construction lien claim against the Lands in his own right; lien shown as pending registration (not yet finalized) per Land Title Certificates. · page: 11 · as of: registration/filing of construction lien (pending as of 2026-03-03 certificate) · amount: 1107750 · debtor: 2597427 Alberta Ltd. · creditor: Ali Hassan (Guarantor) · currency: CAD · security: Builders'/Construction Lien registered against Certificates of Title to the Lands (Condominium Plan 9022742, Units 1, 2, 3, and others per plan)