Alberta · Receivership (court-appointed)

Second and Final Report of the Receiver and Manager

Court officer report · 2 March 2026

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What we verified from this filing2 verified

secured creditorsnote: Described as 'the principal secured creditor and mortgagee'; independent legal opinion confirms valid and enforceable first-ranking security, subject to usual priority payables. Amount stated 'plus further accrued interest and costs.' · page: 4 · as of: 2026-03-17 · amount: 3811812.78 · debtor: 14295846 Canada Ltd. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: First ranking mortgage/security over commercial property at 2001 8th Street, Nisku, Alberta, and all assets of the Company
secured creditorsnote: Potential pre-Receivership GST indebtedness (deemed trust claim); amount unknown/uncertain as Company's books and records were never delivered to the Receiver; Receiver recommends a $35,000 holdback (part of $120,000 total holdback) pending determination of CRA's valid priority claim, if any. · page: 5 · debtor: 14295846 Canada Ltd. · creditor: Canada Revenue Agency · currency: CAD