Alberta · Receivership (court-appointed)
Affidavit of Nicolas Feron, dated June 24, 2021
Affidavit · 24 June 2021
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 filing1 verified
- secured creditorsnote: Total 'Indebtedness' of $4,074,605.40 as of June 7, 2021 comprises: (a) Outstanding Principal and Interest of $3,590,915.25 (exclusive of legal fees/costs/enforcement expenses), itself an aggregation of multiple loans denominated in USD (First/Second Fernhope Loans), CAD (First/Second Capella Loans) and Colombian Pesos (Third/Fourth Capella Loans), each stated with interest accrued to June 7, 2021; plus (b) approximately $483,690.15 in Outstanding Enforcement Costs ('approximately' per affidavit). Underlying loans were originally made by Fernhope Limited U.K. and Capella Financial Management Limited (later renamed Polaris); Fernhope's loans and security were assigned to Capella/Polaris in 2019, so all security now secures obligations to Polaris. PPSA registration also reflects historical secured party name changes (Capella Financial Management Limited amended to Polaris Financial Management Limited per Dec 23, 2020 amendment). · page: 6 · as of: 2021-06-07 · amount: 4074605.4 · debtor: AuVert Mining Group Inc. · creditor: Polaris Financial Management Limited (formerly Capella Financial Management Limited) · currency: CAD · security: General Security Agreement dated December 7, 2018 (Capella GSA, as amended April 26, 2019 and June 3, 2019) and General Security Agreement dated October 29, 2018 (Fernhope GSA, assigned by Fernhope Limited U.K. to Capella/Polaris on May 21, 2019, consented to June 3, 2019) — both grant security interests in all present and after-acquired personal property of AuVert, perfected by registration in the Alberta Personal Property Registry (Registration Nos. 19012307726 and 19020708087, both current, all-property collateral).