Saskatchewan · Receivership (court-appointed)
Affidavit of Tyrone Rutzki
Affidavit · 4 September 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified
- secured creditorsnote: Amount not stated · page: 9 · debtor: ThreeOSix Industrial Services Inc. and/or 102056994 Saskatchewan Ltd. · creditor: Provida Financial Corporation · currency: CAD · security: Registered security interest in Sask PPR
- secured creditorsnote: Amount not stated · page: 9 · debtor: ThreeOSix Industrial Services Inc. and/or 102056994 Saskatchewan Ltd. · creditor: Atco Structures & Logistics Ltd. · currency: CAD · security: Registered security interest in Sask PPR
- secured creditorsnote: RBC's portion of the assigned BMO Indebtedness not quantified in this document · page: 9 · debtor: ThreeOSix Industrial Services Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Registered security interest in Sask PPR; recipient (with BREC) of assigned BMO Indebtedness under Amended Assignment Agreement dated October 31, 2024
- secured creditorsnote: BMO's $3,917,257.72 indebtedness (per Oct 25, 2024 promissory note) was purchased and assigned to RBC and BREC via Amended Assignment Agreement dated October 31, 2024; status of BMO's own PPR registration (current vs. discharged) not confirmed on these pages · page: 9 · debtor: ThreeOSix Industrial Services Inc. · creditor: Bank of Montreal (BMO) · currency: CAD · security: Registered security interest in Sask PPR; original secured lender under the December 2019 GSA
- secured creditorsnote: Aggregated per Sask PPR search referenced in the affidavit; individual registration amounts not stated · page: 9 · debtor: ThreeOSix Industrial Services Inc. and/or 102056994 Saskatchewan Ltd. · creditor: PPSA equipment financiers (PMSI class): Ford Credit Canada Company, Mitsubishi HC Capital Canada Leasing, Inc., Wells Fargo Equipment Financial Company, SMS Equipment Inc., CWB National Leasing Inc. · currency: CAD · security: Registered security interests in Saskatchewan Personal Property Registry
- secured creditorsnote: Demand for repayment made August 28, 2025 under Promissory Notes/Amended Loan Agreement/GSA; per diem interest $2,511.78 · page: 10 · as of: 2025-08-28 · amount: 7692000 · debtor: 102056994 Saskatchewan Ltd. (994 Sask) · creditor: Buffalo River Enterprises Corp. (BREC), general partner of Buffalo River Development LP · currency: CAD · security: General Security Agreement dated April 9, 2024, registered in Sask PPR (registration no. 302689687); composed of Principal $6,550,000.00, Accrued Interest $1,090,000.00, and Additional Advance $52,000.00
- secured creditorsnote: Guarantees (total principal $4,000,000) also executed by Longroad Consulting Limited (related party, owned/controlled by Scott Longmuir) and personally by Scott Longmuir (director/officer) - individual guarantor named here only; BMO Indebtedness originally owed to Bank of Montreal, purchased/assigned to RBC and BREC · page: 10 · as of: 2025-08-28 · amount: 7913974.79 · debtor: ThreeOSix Industrial Services Inc. · creditor: Buffalo River Enterprises Corp. (BREC), general partner of Buffalo River Development LP · currency: CAD · security: General Security Agreement dated April 9, 2024, registered in Sask PPR (registration nos. 302628714 and 302689692); December 2019 GSA assigned to BREC under Amended Assignment Agreement dated October 31, 2024; comprises Principal of BMO Indebtedness $3,913,974.79 and ThreeOSix Guarantee $4,000,000.00