British Columbia · Receivership (court-appointed)
Affidavit of Michael Foy dated December 15, 2025
Affidavit · 15 December 2025
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: Amount stated 'as at October 1, 2025' further to a demand letter dated October 10, 2025; exclusive of legal and other costs, with interest continuing to accrue · page: 2 · as of: 2025-10-01 · amount: 18123750 · debtor: 1274877 B.C. Ltd. / Kinnaird Konversion Limited Partnership · creditor: Portage Capital Nominee Corp. · currency: CAD · security: First mortgage registered against title to the Lands under charge number CA8859099 (as modified by CB1247915), registered in first place ahead of the Price Capital Mortgage
- secured creditorsnote: Petitioner and self-described fulcrum creditor; exclusive of legal and other costs, with interest continuing to accrue · page: 2 · as of: 2025-10-16 · amount: 6229333.75 · debtor: Kinnaird Konversion Limited Partnership (borrower) / 1274877 B.C. Ltd. · creditor: Price Capital Partners Inc. · currency: CAD · security: Price Capital Mortgage registered second place against title to the Lands (behind Portage); Price Capital General Security Agreement over all of the Debtor's present and after-acquired personal property; underlying Promissory Note dated June 16, 2025 with original principal amount of $5,902,208.22 (original advance, not the outstanding balance)