NOTICE of STATEMENT of RECEIVER (Subsections 245(1) and 246(1) of the Act)
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NOTICE OF STATEMENT OF RECEIVER (Subsections 245(1) and 246(1) of the Act) IN THE MATTER OF THE RECEIVERSHIPS OF PARAGON CANADA ALEXIS ULC, ALEXIS/PARAGON LIMITED PARTNERSHIP, AND PARAGON TAMARACK ALEXIS GENERAL PARTNERSHIP (COLLECTIVELY, THE “ALEXIS COMPANIES” OR THE “DEBTORS”) The receiver gives notice and declares that: 1. On Friday, January 31, 2014, Alvarez & Marsal Canada Inc. became the Court-appointed receiver (the “Receiver”), without security, of all the Debtors current and future assets, undertakings and properties of every nature and kind whatsoever, and wherever situate, including all proceeds thereof but not limited to the following (the “Property”): Estimated Book Value Cash $3,725,965 Restricted Cash 300,020 Accounts Receivable 58,122,941 Inventory 243,539 Prepaid expenses 190,660 Property, Plant, and Equipment 25,218,260 Deposits 5,500 Deferred Financing Costs 4,899,886 Investments 10,140,476 $ 92,944,544 Note: Realizable values may materially differ from the above. 2. Alvarez & Marsal Canada Inc. became the Receiver in respect of the Property described above by virtue of an Order of the Court of Queen’s Bench of Alberta dated January 31, 2014 (the “Appointment Order”). A copy of the Appointment Order may be found on the Receiver’s website at: www.amcanadadocs.com/eagleriver. 3. Upon receiving the filed order of the Court of Queen’s Bench of Alberta, the Receiver took possession and control of the property described above on January 31, 2014. 4. The following information relates to the receivership: a) Civic Address: P.O. Box 10, Whitecourt, AB, T7S 1N5 b) Principal line of business: Gas station operations and casino management c) Main location of business: Whitecourt, Alberta 5. Amounts owed by the Debtors to each creditor, according to books and records as at January 31, 2014 are shown below: Name Claim Amount Secured creditors (see attached listing) $258,438,759.77 Preferred creditors (see attached listing) 95.00 Unsecured creditors (see attached listing) 7,314,350.42 Total $265,753,205.19 6. The Receiver’s contact is: Alvarez & Marsal Canada Inc. Suite 570, 202 6th Ave SW Calgary, AB T2P 2R9 Attention: Mr. David Adams Telephone: (403) 538-7532 Facsimile: (403) 538-7551 Dated at Edmonton, Alberta this 10th day of February, 2014. Yours very truly, ALVAREZ & MARSAL CANADA INC. In its capacity as the Court appointed Receiver and Manager of Paragon Canada Alexis, ULC, Alexis/Paragon Limited Partnership, and Paragon Tamarack Alexis General Partnership and not in its personal capacity Tim Reid, CA Senior Vice President APPENDIX A IN THE MATTER OF THE RECEIVERSHIP OF PARAGON ALEXIS CANADA, ULC. Preliminary List of Creditors as at January 31, 2013, as submitted by the Debtor without Admission as to any Liabilities or Privilege Herin Shown Secured Creditors Attention Address City Province Postal Code Country Amount Outstanding Diane Bennett Suite 150, 6650 Via Austi Parkway Las Vegas NV 89119 United States 13,616,486.00 Silver Point Finance LLC 2 Greenwich Plaza Greenwich CT 06830-6353 United States 81,607,424.59 Total Secured creditors $ 95,223,910.59 Preferred Creditors Attention Address City Province Postal Code Country Amount Outstanding Aginas Farron Box 163 Glenvis AB T0E 0X0 Canada 1.00 Perry Albright 4013- 55 Avenue Whitecourt AB T7S 1C5 Canada 1.00 Brett Alexis Box 141 Glenvis AB T0E 0X0 Canada 1.00 Tyrell Alexis PO Box 225 Glenvis AB T0E 0X0 Canada 1.00 Joline Bearhead PO Box 1396 Onoway AB T0E 1V0 Canada 1.00 Trina Bearhead Box 125 Glenvis AB T0E 0X0 Canada 1.00 Wanda Beaudry 54 Evergreen Trailer Park Whitecourt AB T7S 1J2 Canada 1.00 Jennifer Bissett 1- 6 Poplar Drive Whitecourt AB T7S 1V6 Canada 1.00 Dennis Bourdreau 37 Wedow Drive Whitecourt AB T7S 1B6 Canada 1.00 Kate Boyer Box 547 Whitecourt AB T7S 1N6 Canada 1.00 Kevin Bradley 58 Evergreen Trailer Court Whitecourt AB T7S 1J2 Canada 1.00 Phylene Brewer Box 2160 Whitecourt AB T7S 1P8 Canada 1.00 Alyssa Calliou 27 Henke Place Whitecourt AB T7S 1V9 Canada 1.00 Rowena Candelaria 5257 47A Street Whitecourt AB T7S 1A4 Canada 1.00 Irvin Cardinal Box 87 Glenvis AB T0E 0X0 Canada 1.00 Randal Carrier 4A- 8 Anderson Close Whitecourt AB T7S 0E2 Canada 1.00 Lyne Carriere 310, 5419- 47 Street Whitecourt AB T7S 1M7 Canada 1.00 Michelle Casavant 46 Wellwood Drive Whitecourt AB T7S 1T8 Canada 1.00 Diane Casorso P.O. Box 10122 River Valley Whitecourt AB T7S 1W8 Canada 1.00 April Chartrand 10042 RPO River Valley Whitecourt AB T7S 1W8 Canada 1.00 Lisa Courtney 91 Feero Drive Whitecourt AB T7S 1E7 Canada 1.00 Madeline Daquis 5551 Wagoner Cres. Whitecourt AB T7S 1B1 Canada 1.00 Miacheal Dias 7208 113 Street Edmonton AB T6G 1L4 Canada 1.00 Rebecca Dunne 4504 55 Ave Whitecourt AB T7S 1C5 Canada 1.00 Aiyanna Elliott 1 Park Lane Whitecourt AB T7S 1S3 Canada 1.00 Cala Adalyn Fernandez 49 Blueberry Drive Whitecourt AB T7S 1R3 Canada 1.00 Matthew Ferris 5013 54 street Barrhead AB T7N 1E7 Canada 1.00 Marine Galstyan 308 96 Mink Creek Road Whitecourt AB T7S 1V6 Canada 1.00 Lierin Girard Box 725 Mayerthorpe AB T0E 1N0 Canada 1.00 Alexander Goodswimmer Box 40 Glenvis AB T0E 0X0 Canada 1.00 Carter Hack PO Box 10078 RPO River Valley Whitecourt AB T7S 1W8 Canada 1.00 Talita Helgeson Box 284 Whitecourt AB T7S 1N4 Canada 1.00 Brittany Helm 1A- 6210 47th Street Whitecourt AB T7S 0B1 Canada 1.00 Steven Hollett 54A Atkinson Cres. Whitecourt AB T7S 1C7 Canada 1.00 James Holt PO Box 371 Sangudo AB T0E 2A0 Canada 1.00 Corinee House Box 2047 Whitecourt AB T7S 1P7 Canada 1.00 Nichole House 35 Riverside Trailer Court Whitecourt AB T7S 1K6 Canada 1.00 John Island 65 Westview Village Whitecourt AB T7S 1K4 Canada 1.00 David Jackson 54 Westview Trailer Park Whitecourt AB T7S 1K3 Canada 1.00 Kyle Jacob 4507- 51 Ave Whitecourt AB T7S 1m1 Canada 1.00 Courtney Jaddock Box 2167 Whitecourt AB T7S 1N4 Canada 1.00 Lyall Johnston Box 3554 Mayerthorpe AB T0e 1N0 Canada 1.00 Jodie Jones Box 61 Glenvis AB T0E 0X0 Canada 1.00 Panagiotis Kanellpoulos 17 Sakwatamau Drive Whitecourt AB T7S 1E4 Canada 1.00 Janice Kennard 4615 Unit 5B 51 Ave Whitecourt AB T7S 1W6 Canada 1.00 Craig Kootenay PO Box 159 Glenvis AB T0E 0X) Canada 1.00 Wayne Kootenay Box 249 Glenvis AB T0E 0X0 Canada 1.00 Candace Kucharchuk Box 356 Whitecourt AB T7S 1N5 Canada 1.00 Kyla Kyme PO Box 1668 Onoway AB T0E 1V0 Canada 1.00 Matthew Lanque Unit 3, 4010- 47 Street Whitecourt AB T7S 0C8 Canada 1.00 Lonnie Letendre Box 147 Glenvis AB T0E 0X0 Canada 1.00 Moses Letendre Box 147 Glenvis AB T0E 0X0 Canada 1.00 Austen Macauley Apt 110- 95 Mink Creek Road Whitecourt AB T7S 1V6 Canada 1.00 Talia Mainville PO Box 433 Whitecourt AB T7S 1N5 Canada 1.00 Jessie Marcer 5607 47 A Street Whitecourt AB T7S 1B2 Canada 1.00 Shauna Matthews 15131 TWP RD 543 Yellowhead County AB T7E 3W6 Canada 1.00 Kevin McArthur 5419- 45 Street Whitecourt AB T7S 1A7 Canada 1.00 Mary Jane Mendoza 4723 52 Avenue Whitecourt AB T7S 1W3 Canada 1.00 Varant Misak 308 96 Mink Creek Road Whitecourt AB T7S 1V6 Canada 1.00 Eric Moncur 3 Cedar Heights Whitecourt AB T7S 0A4 Canada 1.00 Michelle Mruk 306- 4609 51 Ave Whitecourt AB T7S 1L8 Canada 1.00 Carrie Murray 4020- 55 Avenue Whitecourt AB T7S 1C5 Canada 1.00 Sharra Murray 79 Olsen Crescent Whitecourt AB T7S 0B6 Canada 1.00 Randy Mustus 301- 4513- 52 Ave Whitecourt AB T7S 1M5 Canada 1.00 Megan O'Keefe 49 Kimzy Crossing Whitecourt AB T7S 1G1 Canada 1.00 Claudette Pastion PO Box 1646 Onoway AB T0E 1V0 Canada 1.00 Colby Paul Box 132 Glenvis AB T0E 0X0 Canada 1.00 Shaquille Paul Box 149 Glenvis AB T0E 0A1 Canada 1.00 Donna Pelletier Box 10081, RPO River Valley Whitecourt AB T7S 1W8 Canada 1.00 Leonard Pelletier Box 10081, RPO River Valley Whitecourt AB T7S 1W8 Canada 1.00 Richard Piercey 4703- 57th Ave Whitecourt AB T7S 1B4 Canada 1.00 Jessica Poole 312 100 Mink Creek Rd Whitecourt AB T7S 1V5 Canada 1.00 Andy Potts PO Box 40 Glenvis AB T0E 0X0 Canada 1.00 Mark Potts PO Box 40 Glenvis AB T0E 0X0 Canada 1.00 Johnathan Rempel Box 1375 Mayerthorpe AB T0E 1N0 Canada 1.00 Christine Rhodes 44 Hill Park Trailer Court Whitecourt AB T7S 1J4 Canada 1.00 Bernadette Roe 401 4513- 52 Ave Whitecourt AB T7S 1M5 Canada 1.00 Charlene Ronan 10 Olson Crescent Whitecourt AB T7S 1T8 Canada 1.00 Marcus Sather 4505- 51 Ave Whitecourt AB T7S 1M2 Canada 1.00 Sherry Saunders Box 1694 Whitecourt AB T7S 1P5 Canada 1.00 Josie Staples PO Box 1694 Whitecourt AB T7S 1P5 Canada 1.00 William Stevenson 4742 57 Ave Whitecourt AB T7S 1B4 Canada 1.00 Steven Stubbings 60 Park Drive Whitecourt AB T7S 1S3 Canada 1.00 Stefanie Stuetz 55 Kimzey Crossing Whitecourt AB T7S 1G1 Canada 1.00 Chelsea Takeda PO Box 1121 Whitecourt AB T7S 1P1 Canada 1.00 Jamie Therrien 24 Riverside Trailer Court Whitecourt AB T7S 1K6 Canada 1.00 Santana Therrien 44 Riverside Trailer Court Whitecourt AB T7S 1K6 Canada 1.00 Janice Thompson Box 10042 RPO River Valley Whitecourt AB T7S 1W8 Canada 1.00 Charles Tremblay 114, 5419- 47 Street Whitecourt AB T7S 1M7 Canada 1.00 Stacy Tucker 140 River Valley Estates Whitecourt AB T7S 1K1 Canada 1.00 Terrye Wakeling 31 Sandy Drive Whitecourt AB T7S 1G9 Canada 1.00 Amanda Weslowsky 3, 4750 54 Ave Whitecourt AB T7S 1A3 Canada 1.00 Robert Witten 37 Stephens Crescent Whitecourt AB T7S 1V7 Canada 1.00 Hilda Wile 4 Keystone Place Whitecourt AB T7S 0B2 Canada 1.00 Shawna Woudstra 6 Cochrane Road Whitecourt AB T7S 1C2 Canada 1.00 Total Preferred Creditors $ 95.00 APPENDIX A IN THE MATTER OF THE RECEIVERSHIP OF PARAGON ALEXIS CANADA, ULC.