Alberta · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 1 June 2026
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What we verified from this filing9 verified
- cash on handnote: Ending cash balance per Interim Statement of Receipts and Disbursements · as at: 2026-05-29 · amount: 220832 · currency: CAD
- disbursementsnote: Primarily payroll, professional fees and costs, contractor fees, utilities & insurance, GST payable, SG&A · since: Receivership Date (April 17, 2026) to May 29, 2026 · amount: 220590 · currency: CAD
- financial positionnote: As at the Receivership Date. Assets: Property, Plant, and Equipment $11,642,674; Intangible Assets $459,130; Cash and Cash Equivalents $60,000; Accounts Receivable $42,275. Liabilities: Secured creditors $12,179,678; Unsecured creditors $359,020. Realizable values may materially differ from estimated book value. Receiver has not undertaken a claims process for unsecured creditors and expresses no opinion on accuracy/completeness of creditor amounts. · basis: Companies' books and records; estimated book value, unaudited - Receiver has not performed audit/review · scope: entity - IGY Immune Technologies & Life Sciences Inc., IGY Life Sciences Manufacturing Inc., and IGY Life Sciences USA, Inc. (collectively) · currency: CAD · total assets: 12204079 · total liabilities: 12538698
- operational summaryThe Receiver took control of IGY's property, terminated all employees effective May 1, 2026, and is pursuing a two-phase sale and investment solicitation process (SISP) to sell the business/property, with an alternative liquidation strategy available if no acceptable bids are received.
- professional feesnote: Comprised of $167,875.0 in fees and $426.9 in expenses, exclusive of GST. Receiver's Counsel (McCarthy Tétrault) fees separately totaled $18,594.0 exclusive of GST for period April 16, 2026 to May 22, 2026. · party: Receiver (Alvarez & Marsal Canada Inc.) · amount: 168301.9 · period: March 27, 2026 to May 31, 2026 · currency: CAD
- receipts cumulativenote: Comprised of Receiver's borrowings excluded; receipts include Building Rental Revenue, RBC GIC Account Transfer, Bank Interest · since: Receivership Date (April 17, 2026) to May 29, 2026 · amount: 41422 · currency: CAD
- report date1 June 2026
- report noFirst Report
- sale outcometext: Receiver requesting Court approval of a proposed two-phase sale and investment solicitation process for the Property and IGY's business, not yet approved · scope: whole_business · status: process_approved