Quebec · CCAA
Application to Cancel a Legal Hypothec (Meglab) and Exhibits in Support thereof dated October 4, 2024
Application / notice of application · 4 October 2024
What we verified from this filing9 verified
- secured creditorsnote: Subject of this Application; Applicants allege the hypothec was registered without right (in violation of the CCAA stay and, per art. 2726 CCQ, cannot charge the Mining Lease or State-owned lots) and seek its cancellation. Quantum is not admitted; amount is as stated in the Notice of preservation and Prior Notice. · page: 3 · as of: 2023-11-22 · amount: 86993.55 · debtor: Stornoway Diamonds (Canada) Inc. (SDCI) · creditor: Meglab Électronique Inc. · currency: CAD · security: Avis d'hypothèque légale de construction registered against lots 4 981 186, 4 981 187 and 4 981 520 (Sept-Îles registration division) and against the Mining Lease; Préavis d'exercice du droit hypothécaire (vente sous contrôle de justice) also registered
- secured creditorspage: 11 · as of: 2023-11-03 · amount: 3183915.88 · debtor: Stornoway Diamonds (Canada) Inc. (SDCI) · creditor: Gestion Houde inc. · currency: CAD · security: Legal hypothec of construction (no. 28 371 851) registered against Sept-Îles lots; Ministère des Ressources naturelles et des forêts named as proprietor
- secured creditorsnote: Registration subsequently radiated/discharged (cancelled per requisition no. 28 747 122) — security no longer current as of registry update. · page: 11 · as of: 2023-11-15 · amount: 415558.83 · debtor: Stornoway Diamonds (Canada) Inc. (SDCI) · creditor: ISCO Canada Inc. · currency: CAD · security: Legal hypothec of construction (no. 28 389 764) registered against Sept-Îles lots
- secured creditorspage: 11 · as of: 2023-11-22 · amount: 87675.06 · debtor: Stornoway Diamonds (Canada) Inc. (SDCI) · creditor: 9466-0339 Québec inc. · currency: CAD · security: Legal hypothec of construction (no. 28 404 751) registered against Sept-Îles lots; Ministère des Ressources naturelles et des forêts named as proprietor
- secured creditorsnote: Registration no. 28 407 631 was subsequently radiated/discharged (per requisition no. 28 447 164); registration no. 28 407 460 is not noted as discharged. · page: 12 · as of: 2023-11-23 · amount: 1318351.46 · debtor: Stornoway Diamonds (Canada) Inc. (SDCI) · creditor: Swallow-Fournier inc. · currency: CAD · security: Legal hypothec of construction registered against Sept-Îles lots under nos. 28 407 460 and 28 407 631
- secured creditorspage: 12 · as of: 2023-11-28 · amount: 261386.55 · debtor: Stornoway Diamonds (Canada) Inc. (SDCI) · creditor: 9039-4081 Québec inc. · currency: CAD · security: Legal hypothec of construction (no. 28 414 777) registered against Sept-Îles lots; Préavis d'exercice (vente sous contrôle de justice) also registered
- secured creditorsnote: Registered amount of $40,000,000.00 is a registration ceiling, not a stated outstanding balance. Rank subsequently ceded/subordinated in favour of Société de Fiducie Computershare du Canada. · page: 18 · as of: 2012-05-14 · debtor: Stornoway Diamonds (Canada) Inc. / Les Diamants Stornoway (Canada) Inc. · creditor: DIAQUEM Inc. · currency: CAD · security: Hypothèque universelle (blanket, over droits de superficie) registered under no. 19 051 767
- secured creditorsnote: Registered amount of $20,000,000.00 is a registration ceiling, not a stated outstanding balance. Rank subsequently ceded/subordinated in favour of Société de Fiducie Computershare du Canada. · page: 18 · as of: 2012-05-22 · debtor: Stornoway Diamonds (Canada) Inc. / Les Diamants Stornoway (Canada) Inc. · creditor: Fonds de Solidarité des Travailleurs du Québec (F.T.Q.), Fonds Régional de Solidarité F.T.Q. Nord-du-Québec, Société en commandite, et autres · currency: CAD · security: Hypothèque universelle (blanket, over droits de superficie) registered under no. 19 074 260
- secured creditorsnote: Acting apparently as trustee (registration ceilings, not stated outstanding balances); received cession of rank from DIAQUEM Inc. and from the Fonds de Solidarité F.T.Q. group. · page: 19 · as of: 2014-07-07 · debtor: Stornoway Diamonds (Canada) Inc. / Les Diamants Stornoway (Canada) Inc. · creditor: Computershare Trust Company of Canada · currency: CAD · security: Hypothèques (blanket, over droits de superficie / universalité de biens immeubles) registered with ceilings of $600,000,000.00 (ref. 20 891 488), $700,000,000.00 (ref. 20 891 489), and $150,000,000.00 (no. 24 998 649, dated 2019-10-30)