Saskatchewan · Receivership (court-appointed)

Affidavit of Twila Reddekopp

Affidavit · 7 February 2023

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What we verified from this filing2 verified

secured creditorsnote: One forgivable mortgage of $1,500,000 secured against the downtown stabilization shelter matured March 2022 and, per SHC correspondence dated Sept 7 and Sept 13, 2022, was fully forgiven/discharged - not a current balance. Blue Mountain Adventure Park Ltd. (co-respondent) is stated to have no secured creditors. · page: 13 · debtor: The Lighthouse Supported Living Inc. · creditor: Saskatchewan Housing Corporation (SHC) · currency: CAD · security: Forgivable mortgages registered against Lighthouse properties (summary at Exhibit O; individual amounts not summed)
secured creditorsnote: Affinity has advised it believes the Lighthouse to be insolvent and intends to seek appointment of a receiver on that basis; printout of balance (Exhibit R) as at Jan 8, 2023, with possible modest adjustment for subsequent payments. · page: 14 · as of: 2023-01-08 · amount: 2744249 · debtor: The Lighthouse Supported Living Inc. · creditor: Affinity Credit Union · currency: CAD · security: Mortgage financing ($2,394,249 outstanding) and line of credit ($350,000)