Newfoundland and Labrador · Receivership (court-appointed)
Interlocutory Application
Application / notice of application · 13 January 2026
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 per Indebtedness table (7 loan facilities: Operating Line of Credit, five Default Loans, MasterCard/Default loan MasterCard) as of Jan 6, 2026: $16,964,283.80 (principal+interest components listed but not summed by document beyond stated total); plus unpaid professional fees of $148,511.99 (exclusive of WIP), interest accruing ~$100,000/month; certain items on facilities 1-2 may not yet be posted. DTL executed a corporate guarantee of ICII's indebtedness in the sum of $10,600,000.00 (Jan 2023) - this is the guarantee limit, not a current balance. · page: 6 · as of: 2026-01-06 · amount: 16964283.8 · debtor: Innovative Capital Investments Inc. (ICII); Dominion Trading Limited (DTL) as guarantor · creditor: Bank of Montreal (BMO) · currency: CAD · security: Mortgages (Jan 20, 2023) over vessels R.S. Journey II and Hull #394/R.S. Journey; Marine Loan Agreements (Jan 20, 2023) over same vessels; General Security Agreement with DTL as guarantor (Jan 2023) over all present/after-acquired personal property incl. fishing license Groundfish-NL-013, registered PPSA NL #20505947 and NS #37364700; General Security Agreement with ICII as debtor (Jan 20, 2023) over all personal property, registered PPSA NL #20505962 and NS #37364676; General Security Agreement with ICII as debtor (July 2023) over all personal property incl. fishing license #103562, registered PPSA NL #20948568 and NS #38131090