Alberta · Receivership (court-appointed)
Affidavit of Chris Millar – Filed April 30, 2026
Affidavit · 30 April 2026
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What we verified from this filing2 verified
- secured creditorsnote: Indebtedness as of April 28, 2026 stated in components (not summed by document): Authorized Overdraft $2,217,004.00; Mortgage Term Loan $625,113.17; Business Mastercard $51,894.00; plus accruing interest after April 28, 2026 and any additional credit advanced. Personal Guarantee and Postponement of Gayle Vivian Holtz (director/personal guarantor) dated Oct 28, 2019 for $1,000,000 also secures this indebtedness. · page: 3 · as of: 2026-04-28 · debtor: Northern Weld Arc Ltd. (Borrower) · creditor: Servus Credit Union Ltd. · currency: CAD · security: General Security Agreement dated October 28, 2019 - first charge/security interest in all present and after-acquired real and personal property, including specific security interest in serial numbered goods
- secured creditorsnote: NMS Guarantee is an Unlimited Guarantee and Postponement dated Oct 28, 2019, securing the Borrower's Indebtedness to Servus; mortgage amounts are maximum registration ceilings, not stated outstanding balances; NMS is a related company (100% shareholder of Borrower) treated as guarantor/secured party under this mortgage · page: 4 · debtor: Normac Machine & Supply Ltd. (NMS - related/guarantor company, 100% shareholder of Borrower) · creditor: Servus Credit Union Ltd. · currency: CAD · security: Continuous Demand Mortgage dated Oct 28, 2023 (registered as 192 271 754) over Lands (Plan 0227868, Block 1, Lot 5A) securing NMS's Unlimited Guarantee of the Borrower's Indebtedness, to a maximum registered principal amount of $2,500,000 (the 'Original Mortgage'); further increased by Mortgage Amending Agreement dated Nov 10, 2023 (registered as 232 380 020) to a maximum registered principal amount of $3,000,000 (the 'Mortgage Amendment')