Alberta · Receivership (court-appointed)
Receiver's First Report to Court
Court officer report · 27 September 2024
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What we verified from this filing7 verified
- secured creditorsnote: Amount owed 'as at February 23, 2024 plus accrued interest and costs' per Receiver's First Report (para. 14); Notice and Statement of Receiver (July 3, 2024) restates the identical $5,516,385.13 figure. · page: 3 · as of: 2024-02-23 · amount: 5516385.13 · debtor: Janmar Investments (Alberta) Ltd. · creditor: Roynat Inc. · currency: CAD · security: Mortgage registered against the Janmar Lands March 6, 2017 (land title shows original principal amount of $11,000,000, a registration figure not a balance) plus General Security Agreement registered on PPR February 15, 2017 against all present and after-acquired personal property; also holds an Assignment of Rents and Leases caveat registered March 6, 2017
- secured creditorsnote: Receiver is not aware of any specific secured interest registered by BDC against the Janmar Property. Notice and Statement of Receiver (July 3, 2024) lists placeholder value of $1.00, stated to be used 'where current amounts owed are not yet known.' · page: 3 · debtor: Janmar Investments (Alberta) Ltd. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: PPSA registration on April 27, 2023 against all present and after-acquired personal property of Janmar; blanket all-property registrant
- secured creditorsnote: Receiver is not aware of any specific secured interest registered by Computershare against the Janmar Property. Notice and Statement of Receiver (July 3, 2024) lists placeholder value of $1.00, stated to be used where current amounts owed are not yet known. · page: 3 · debtor: Janmar Investments (Alberta) Ltd. · creditor: Computershare Trust Company of Canada · currency: CAD · security: PPSA registration October 24, 2023 (Reg. #23102416721), secured party address c/o Peakhill Capital Inc.; collateral described as 'all present and future indebtedness of 114 Development Ltd.' owed to the debtors (Janmar is a listed debtor on this registration along with TID Holdings Inc., 1406676 Alberta Ltd., W.F. Fleming Holdings Ltd., 2340355 Alberta Ltd. and Ward/Lesley Fleming)
- secured creditorsnote: Receiver is not aware of any specific secured interest registered by Merchant against the Janmar Property. Notice and Statement of Receiver (July 3, 2024) lists placeholder value of $1.00, stated to be used where current amounts owed are not yet known. · page: 3 · debtor: Janmar Investments (Alberta) Ltd. · creditor: Merchant Opportunities Fund Limited Partnership · currency: CAD · security: PPSA registration March 22, 2024 (Reg. #24032221623) against all present and after-acquired personal property of the debtors, including future debit/credit card receivables; blanket all-property registrant
- secured creditorsnote: Estimated total balance outstanding after Receiver remitted $66,000 toward property tax arrears/penalties. Prior figures in same paragraph: $35,808.35 in prior-year levies plus $50,932.22 in current-year levies (applied May 3, 2024) = stated total of $86,740.57 'as at the date of Receivership' (June 27, 2024); a further $7,762.56 in additional penalties/fees was assessed post-appointment. Notice and Statement of Receiver (July 3, 2024) separately estimated the amount owed to this creditor at $89,024.77. · page: 3 · as of: September 26, 2029 (as stated in the document; report is dated September 27, 2024, so this date appears to be a typographical error, likely intended as September 26, 2024) · amount: 28503.13 · debtor: Janmar Investments (Alberta) Ltd. · creditor: Regional Municipality of Wood Buffalo · currency: CAD · security: Statutory municipal property tax lien on the Janmar Lands
- secured creditorsnote: GST claim for period ending May 31, 2023, per CRA statement dated July 15, 2024; deemed-trust class quasi-governmental claim. Document expressly states CRA 'has not registered a secured interest in the Janmar Lands' and Exhibit 'A' creditor mailing list classifies CRA as an unsecured creditor. · page: 3 · as of: 2024-07-15 · amount: 7377.44 · debtor: Janmar Investments (Alberta) Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- financial positionnote: Figures are drawn from the Notice and Statement of the Receiver (BIA s.245(1)/246(1)) dated July 3, 2024; both totals are expressly labelled 'approximation' by the Receiver. · page: 7 · as at: 2024-07-03 · basis: Land/building value is the 2024 property tax assessed value (per Notice and Statement of Receiver footnote); liabilities figure is the Receiver's estimate of amounts owed to creditors holding a security interest in the Property, with several component amounts (BDC, Computershare, Merchant) listed only as $1.00 placeholders because current amounts owed were 'not yet known' · scope: Single-asset scope limited to the Janmar Lands (370 Falconer Crescent, Fort McMurray) owned by Janmar Investments (Alberta) Ltd.; secured creditors only, not the Company's total liabilities (e.g., excludes unsecured creditors such as CRA and municipal current-year charges detail) · currency: CAD · total assets: 6335800 · total liabilities: 5605412.9