New Brunswick · Receivership (court-appointed)

Precision Plasma and Sputtering Limited - 245-246(1) Notice and Statement of the Receiver

Notice to creditors · 11 June 2025

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financial positionnote: Inventory value undetermined/unknown and excluded from Total Assets figure; several creditor amounts listed as 'unknown' and excluded from Total Creditors figure of $12,559,812.86 (per Appendix B). · page: 3 · as at: 2025-06-09 · basis: Statement of Assets at Net Book Value prepared without audit from information provided by the Company; Listing of Creditors prepared without audit from information provided by the Company · scope: Precision Plasma & Sputtering Ltd. (single entity) · currency: CAD · total assets: 3447930.7 · total liabilities: 12559812.86
secured creditorspage: 4 · as of: 2025-06-09 · amount: 414379.66 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Opportunities New Brunswick · currency: CAD
secured creditorsnote: Amount stated as unknown in Receiver's Listing of Creditors. · page: 4 · as of: 2025-06-09 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Ford Credit Canada Leasing · currency: CAD
secured creditorsnote: Amount stated as unknown; statutory priority security class. · page: 4 · as of: 2025-06-09 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Employee Wages and Vacation Pay (s.81.4) · currency: CAD · security: BIA s.81.4 statutory wage/vacation pay charge
secured creditorsnote: Listed as secured creditor; amount unknown; likely deemed-trust class claim. · page: 4 · as of: 2025-06-09 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Canada Revenue Agency · currency: CAD
secured creditorsnote: Underlying debt of $1,936,295.03 USD converted to CAD using Bank of Canada spot rate of 1.3677 as at date of Receivership (2025-06-04). · page: 4 · as of: 2025-06-09 · amount: 2648270.71 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Royal Bank of Canada · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 2668744.36 · debtor: Precision Plasma & Sputtering Ltd. · creditor: 642657 NB Ltd. (o/a PMW Precision Machine Works) · currency: CAD
unsecured creditorsnote: Possible related party; second, distinct claim from David Rioux (CIC/VPM) entry above. · page: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 352117.76 · debtor: Precision Plasma & Sputtering Ltd. · creditor: David Rioux · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 274118.58 · debtor: Precision Plasma & Sputtering Ltd. · creditor: NBIF Investments · currency: CAD
unsecured creditorsnote: Possible related party (Rioux family). · page: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 85500 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Matthew Rioux · currency: CAD
unsecured creditorsnote: Full name not given in document. · page: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 85000 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Michael · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 53100 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Day & Ross · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 47683.42 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Scotiabank · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 42917.58 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Cominar · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 30662.28 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Amex Bank of Canada · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 29419.16 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Mirick O'Connell · currency: CAD
unsecured creditorsnote: Possible related party (Rioux family). · page: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 20500 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Peter Rioux · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 19024.41 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Capital One Bank (Canada Branch) · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 11452.13 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Accord Financial · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 9509.57 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Beaver Brokerage · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 5732.7 · debtor: Precision Plasma & Sputtering Ltd. · creditor: CARM (CBSA Assessment and Revenue Management) · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 5722.08 · debtor: Precision Plasma & Sputtering Ltd. · creditor: VAULT · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 5014 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Plugged-In CPA · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 3919.47 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Bank of Montreal · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 2616.25 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Leblanc Sprinklerste · currency: CAD
unsecured creditorsnote: Possible related party (Rioux family). · page: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 2000 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Elizabeth Rioux · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 1041.21 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Uni Data Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 874.84 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Connors Stilwell · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 465.28 · debtor: Precision Plasma & Sputtering Ltd. · creditor: GFL Environmental · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 369.77 · debtor: Precision Plasma & Sputtering Ltd. · creditor: WorkSafe NB · currency: CAD
unsecured creditorspage: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 51.76 · debtor: Precision Plasma & Sputtering Ltd. · creditor: Liberty Utilities · currency: CAD
unsecured creditorsnote: Amount stated as unknown. · page: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · debtor: Precision Plasma & Sputtering Ltd. · creditor: Eastern Canada Industrial GP Inc. · currency: CAD
unsecured creditorsnote: Amount stated as unknown; separate unsecured claim distinct from CRA entry listed under secured creditors; likely deemed-trust class. · page: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · debtor: Precision Plasma & Sputtering Ltd. · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Possible related party (director/shareholder) given surname shared with multiple other listed creditors (Rioux family); distinct capacity/entity 'CIC/VPM' from other David Rioux entry below. · page: 4 · as of: 2025-06-09 · basis: Listing of Creditors prepared without audit from information provided by the Company · amount: 5739605.88 · debtor: Precision Plasma & Sputtering Ltd. · creditor: David Rioux (CIC/VPM) · currency: CAD