British Columbia · Receivership (court-appointed)
2025-03-13 _ Affidavit #1 of Eric Desmarais
Affidavit · 13 March 2025
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What we verified from this filing4 verified
- secured creditorsnote: Deemed trust class - amount owed to CRA for unremitted employee deductions, income taxes and GST, may in whole or part be secured by deemed trust under Income Tax Act which would rank in priority to Bank's security; approximate figure per affiant's belief · page: 3 · as of: not stated (approximate, per affiant's understanding) · amount: 90000 · debtor: Briere Production Group Inc. · creditor: Ministry of Finance / Canada Revenue Agency · currency: CAD · security: Crown Charge registered February 16, 2024 against all present and after-acquired personal property in BC Personal Property Registry
- secured creditorsnote: Balance owing pursuant to Credit Facilities (Operating Credit Agreement, BCAP Credit Agreement, HASCAP Credit Agreement) · page: 5 · as of: 2025-02-05 · amount: 1588479.71 · debtor: Briere Production Group Inc. · creditor: Royal Bank of Canada · currency: CAD · security: General security agreement (BPG GSA, dated October 31, 2017) - first ranking security interest in all present and after-acquired personal property, subject to prior security interest in favour of Business Development Bank of Canada
- secured creditorsnote: Guarantee of BPG's obligations to RBC; balance as at May 14, 2024, plus costs and further interest · page: 5 · as of: 2024-05-14 · amount: 1245000 · debtor: Briere Transportation Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Guarantee (BT Guarantee, dated May 1, 2023) limited to CA$1,245,000 plus interest and costs; supported by general security agreement (BT GSA, dated August 30, 2024) - first ranking security interest in all present and after-acquired personal property
- secured creditorsnote: Personal guarantor (director/principal); guarantee of BPG's obligations to RBC; related party · page: 5 · as of: 2024-05-14 · amount: 1030000 · debtor: Briere Production Group Inc. · creditor: Christopher Briere · currency: CAD · security: Guarantee (Briere Guarantee, dated March 20, 2023) limited to CA$1,030,000 plus interest and costs; supported by postponement and assignment of claim (Bank's form 918)