Ontario · Bankruptcy

Notice of Bankruptcy, First Meeting of Creditors (creditors package)

Meeting materials · 24 April 2024

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appointeeBDO Canada Limited / BDO Canada Limitée
appointee roletrustee
commencement date23 April 2024
court file no33-3071340
provinceOntario
statutory basisSubsection 102(1) of the Act
financial positionnote: Total unsecured creditors $10,396,061.03 (unsecured claims $4,224,263.39 + balance of secured claims $6,171,797.64); secured creditors $1,684.62; preferred creditors $0.00; contingent/trust claims $0.00; deficiency of $10,396,061.03 stated on face of Form 78 · page: 2 · as at: 2024-04-23 · basis: Statement of Affairs (Business Bankruptcy) as stated and estimated by the officer · scope: Avivagen Inc. (entity level) · currency: CAD · total assets: 1684.62 · total liabilities: 10397745.65
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1519.61 · debtor: Avivagen Inc. · creditor: Broadridge US · currency: CAD
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 2966.25 · debtor: Avivagen Inc. · creditor: Buck Productions Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 26837.5 · debtor: Avivagen Inc. · creditor: Business Wire Canada · currency: CAD
unsecured creditorsnote: Also listed as secured creditor on List B with amount of claim $6,173,102.00; List A shows unsecured claim $0.00 and balance of claim $6,171,797.64 · page: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors (Balance of claim column) · amount: 6171797.64 · debtor: Avivagen Inc. · creditor: Capital Transfer Agency, ULC · currency: CAD
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 339 · debtor: Avivagen Inc. · creditor: CDS Clearing and Depository Services · currency: CAD
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 6337.16 · debtor: Avivagen Inc. · creditor: Centre for Regulatory Services Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 151556.1 · debtor: Avivagen Inc. · creditor: Clark & Elbing LLP · currency: CAD
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 15244.16 · debtor: Avivagen Inc. · creditor: Agilent Technologies · currency: CAD
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 313.99 · debtor: Avivagen Inc. · creditor: Air Liquide Canada Inc · currency: CAD
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 13305.68 · debtor: Avivagen Inc. · creditor: Alana Daley · currency: CAD
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 2080.65 · debtor: Avivagen Inc. · creditor: Amie Colquhoun US · currency: CAD
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 118197.61 · debtor: Avivagen Inc. · creditor: Allied Biotech Corporation · currency: CAD
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 217.19 · debtor: Avivagen Inc. · creditor: Antonio Campos · currency: CAD
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 3259.69 · debtor: Avivagen Inc. · creditor: Asian Agribiz · currency: CAD
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 2923.08 · debtor: Avivagen Inc. · creditor: Atefeh Shamsian · currency: CAD
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 2881142.96 · debtor: Avivagen Inc. · creditor: Atlantic Canada Opportunities Agency · currency: CAD
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 54240 · debtor: Avivagen Inc. · creditor: BND Projects Inc. · currency: CAD
unsecured creditorspage: 3 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1144.09 · debtor: Avivagen Inc. · creditor: Broadridge · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 148.43 · debtor: Avivagen Inc. · creditor: Fedex Express Canada LTD · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 2672.09 · debtor: Avivagen Inc. · creditor: ComputerShare Trust Co of Canada · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1 · debtor: Avivagen Inc. · creditor: CRA - Tax - Ontario · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 7629.05 · debtor: Avivagen Inc. · creditor: DD Ingredient Distributors Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 5000 · debtor: Avivagen Inc. · creditor: DeutraChem · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 26742.34 · debtor: Avivagen Inc. · creditor: Drew Basek · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 393.24 · debtor: Avivagen Inc. · creditor: Evergreen Logistics · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 43669.92 · debtor: Avivagen Inc. · creditor: Graham Burton · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 765 · debtor: Avivagen Inc. · creditor: GS1 Canada · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 60000 · debtor: Avivagen Inc. · creditor: Independent Trading Group ITG Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 4629.75 · debtor: Avivagen Inc. · creditor: iOSi · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 45935 · debtor: Avivagen Inc. · creditor: Ira Levy · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 41631.43 · debtor: Avivagen Inc. · creditor: Jamie Nickerson · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 7450.29 · debtor: Avivagen Inc. · creditor: Jaruwan Sanping US · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 51332.7 · debtor: Avivagen Inc. · creditor: Jeffrey Kraws · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 131.14 · debtor: Avivagen Inc. · creditor: Jet Mail Services Inc. · currency: CAD
unsecured creditorspage: 4 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 6103.24 · debtor: Avivagen Inc. · creditor: Kansas State University · currency: CAD
unsecured creditorspage: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 575 · debtor: Avivagen Inc. · creditor: Prine Edward Island BioAlliance · currency: CAD
unsecured creditorsnote: CEBA loan · page: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 60000 · debtor: Avivagen Inc. · creditor: RBC Royal Bank c/o BankruptcyHighway.com (CEBA) · currency: CAD
unsecured creditorspage: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 11680.01 · debtor: Avivagen Inc. · creditor: Matthew Outlette · currency: CAD
unsecured creditorspage: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 3153.85 · debtor: Avivagen Inc. · creditor: Mashginfar Nasim · currency: CAD
unsecured creditorspage: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 280.44 · debtor: Avivagen Inc. · creditor: Levitt LLP · currency: CAD
unsecured creditorspage: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 23359.36 · debtor: Avivagen Inc. · creditor: Lesley Nernberg (Lighthouse) · currency: CAD
unsecured creditorspage: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 61859.01 · debtor: Avivagen Inc. · creditor: Labarge Weinstein · currency: CAD
unsecured creditorspage: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 2523.87 · debtor: Avivagen Inc. · creditor: Rogers Communications / CBV Collection · currency: CAD
unsecured creditorspage: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 1414.84 · debtor: Avivagen Inc. · creditor: Steve pollmann - DSP Consulting · currency: CAD
unsecured creditorspage: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 14.94 · debtor: Avivagen Inc. · creditor: Telus Mobility Services · currency: CAD
unsecured creditorspage: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 7729.17 · debtor: Avivagen Inc. · creditor: Tony Campos · currency: CAD
unsecured creditorspage: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 140500 · debtor: Avivagen Inc. · creditor: Top Meadow Consulting Inc. · currency: CAD
unsecured creditorspage: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 93.73 · debtor: Avivagen Inc. · creditor: Mediant Communications · currency: CAD
unsecured creditorspage: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 72718.89 · debtor: Avivagen Inc. · creditor: McGovern Hurley LLP · currency: CAD
unsecured creditorspage: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 98169.46 · debtor: Avivagen Inc. · creditor: Meyenberg Int'l Group · currency: CAD
unsecured creditorspage: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 24036.95 · debtor: Avivagen Inc. · creditor: Munawara Dar · currency: CAD
unsecured creditorspage: 5 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 57286.75 · debtor: Avivagen Inc. · creditor: National Research Council for Canada · currency: CAD
unsecured creditorspage: 6 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 17025.64 · debtor: Avivagen Inc. · creditor: Trevor Mogg · currency: CAD
unsecured creditorspage: 6 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 23308.78 · debtor: Avivagen Inc. · creditor: Tracy Gillett · currency: CAD
unsecured creditorspage: 6 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 6263.28 · debtor: Avivagen Inc. · creditor: TSX Venture Exchange · currency: CAD
unsecured creditorspage: 6 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 472.8 · debtor: Avivagen Inc. · creditor: University of Ottawa · currency: CAD
unsecured creditorspage: 6 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 6009.31 · debtor: Avivagen Inc. · creditor: University of Saskatchewan · currency: CAD
unsecured creditorspage: 6 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 7374.71 · debtor: Avivagen Inc. · creditor: WWR and Associates Ltd. · currency: CAD
unsecured creditorspage: 6 · as of: 2024-04-23 · basis: Statement of Affairs, List A - Unsecured Creditors · amount: 12553.26 · debtor: Avivagen Inc. · creditor: Yabucoa Partners · currency: CAD
secured creditorsnote: Balance of claim stated as $6,171,797.64 on List B; estimated value of security $1,304.36 total · page: 7 · as of: 2024-04-23 · amount: 6173102 · debtor: Avivagen Inc. · creditor: Capital Transfer Agency, ULC · currency: CAD · security: IP - OxC-beta Technology & OxC-beta Livestock; Business Assets - Machinery - Mass Spectrometer Instrument; Cash on Hand - Bank Account - Royal Bank of Canada
secured creditorspage: 7 · as of: 2024-04-23 · amount: 380.26 · debtor: Avivagen Inc. · creditor: RBC Royal Bank c/o BankruptcyHighway.com · currency: CAD · security: Cash on Hand - Bank Account - Royal Bank of Canada