Alberta · Receivership (court-appointed)
Affidavit
Affidavit · 23 June 2026
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 filing2 verified
- secured creditorsnote: Outstanding 2025 property taxes owing to the Town of Edson in respect of the Land, per tax certificate dated May 13, 2026 · page: 4 · as of: 2026-05-13 · amount: 32028.43 · debtor: 1479644 B.C. Ltd. · creditor: Town of Edson · currency: CAD · security: Statutory municipal property tax arrears (including penalties) constituting a charge against the Land under the Letter of Agreement/Security terms
- secured creditorsnote: Original loan advanced was $825,000.00 (facility limit); per diem interest of $167.94 accrues after June 1, 2026 date; personal guarantees of $825,000.00 joint and several from Satjay Sharma and Komalpreet Sharma (directors/related individuals) support this debt · page: 6 · as of: 2026-06-01 · amount: 858535.39 · debtor: 1479644 B.C. Ltd. · creditor: Bank of Montreal · currency: CAD · security: First-ranking mortgage (registered Aug 2, 2024, instrument #242 191 858) registered as an 'All Indebtedness Mortgage' up to $1,100,000.00 principal; General Security Agreement (BC PPR #461828Q) - fixed/floating charge over all personal and real property; Security Agreement (AB PPR #24062028632) - fixed/floating charge over personal property, inventory, intangibles