Saskatchewan · Receivership (court-appointed)
Receiver's First Report to Court
Court officer report · 6 December 2021
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What we verified from this filing6 verified
- secured creditorsnote: Total balance described as 'approximately $3.6 million', comprising principal of approximately $2,680,472 plus accrued interest and legal costs of approximately $1,000,000 (components not summed by document into a precise total). · page: 10 · amount: 3600000 · debtor: Copper Sands Land Corp. · creditor: Industrial Properties Regina Limited (IPRL) · currency: CAD · security: Mortgage registered June 8, 2015 against the real property; General Security Agreement registered against all present and after-acquired personal property
- secured creditorsnote: Total balance described as 'approximately $4.4 million', comprising principal of $2,500,000 plus accrued interest and legal costs of approximately $1.9 million (components not summed by document into a precise total). · page: 10 · amount: 4400000 · debtor: Copper Sands Land Corp. · creditor: 101297277 Saskatchewan Ltd. (7277) · currency: CAD · security: Mortgage registered February 11, 2016 against the real property; General Security Agreement registered against all present and after-acquired personal property
- secured creditorsnote: Arrears have since been remitted/paid by the Receiver along with current year (2021) assessed taxes. · page: 10 · as of: prior to the Receiver's appointment (October 27, 2020) · amount: 8852.99 · debtor: Copper Sands Land Corp. · creditor: R.M. of Edenwold No. 158 · currency: CAD · security: Statutory municipal property tax arrears
- secured creditorsnote: Claimed Trailer License Fees and other expenses accruing from 2016 forward; priority of this claim has not yet been determined. · page: 10 · amount: 74638.42 · debtor: Copper Sands Land Corp. · creditor: R.M. of Edenwold No. 158 · currency: CAD
- secured creditorsnote: Related party: MDI is a corporation related to Copper Sands, previously sharing the same sole director; no monetary amount stated for this registered interest. · page: 10 · debtor: Copper Sands Land Corp. · creditor: MDI Utility Corp. · currency: CAD · security: Registered interest against the Copper Sands real property with respect to the Revised Servicing Agreement
- secured creditorsnote: Deemed trust class claim for payroll source deductions per CRA Statement of Arrears; Receiver has requested additional supporting information and amount is unconfirmed. · page: 11 · amount: 20859.49 · debtor: Copper Sands Land Corp. · creditor: Canada Revenue Agency · currency: CAD