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What we verified from this filing4 verified
- secured creditorsnote: Related party: Okotoks Air Ranch Inc. is stated to be 'a company related to the Applicants' and is also the Stalking Horse Bidder and Interim Lender. Amount stated as approximate ('approximately $1.68 million') in affidavit sworn March 4, 2025. · page: 6 · as of: 2025-03-04 · amount: 1680000 · debtor: OARGP (legal owner) / OAR LP (beneficial owner) - Airstrip Lands · creditor: Okotoks Air Ranch Inc. · currency: CAD · security: Mortgage on Airstrip Lands (OARI Mortgage)
- secured creditorsnote: Amount stated as approximate ('approximately $1.28 million') in affidavit sworn March 4, 2025; subject of Forbearance Agreement dated January 15, 2025 due to default. · page: 6 · as of: 2025-03-04 · amount: 1280000 · debtor: OARGP (legal owner) / OAR LP (beneficial owner) - Airstrip Lands · creditor: Pestell Land Corp. · currency: CAD · security: Mortgage on Airstrip Lands (Pestell Mortgage), maturity November 30, 2024
- secured creditorsnote: Individuals: Marlene and Paul Bickert. Amount stated as approximate ('approximately $157,000') in affidavit sworn March 4, 2025. · page: 6 · as of: 2025-03-04 · amount: 157000 · debtor: OARGP (legal owner) / OAR LP (beneficial owner) - Airstrip Lands · creditor: Individual mortgagees (Bickert Mortgage) · currency: CAD · security: Mortgage on Airstrip Lands (Bickert Mortgage)
- secured creditorsnote: Related party (same entity as OARI Mortgage holder/Stalking Horse Bidder). Interim Financing Facility credit limit is $350,000 with interest at 8% per annum; $150,000 already advanced as of affidavit date (March 4, 2025). Charge not yet approved by court at time of affidavit. · page: 9 · as of: 2025-03-04 · amount: 150000 · debtor: OARGP / OAR LP / OARLPI (Applicants) · creditor: Okotoks Air Ranch Inc. (Interim Lender) · currency: CAD · security: Proposed Interim Lender's Charge over property and assets of OAR (charge subordinate to Administration Charge, Bickert Mortgage and Pestell Mortgage); pending court approval as of affidavit date