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 RECEIVERSHIP OF MORRIS INDUSTRIES LTD. The receiver gives notice and declares that: 1. On March 26, 2021, the Court of Queen’s Bench for Saskatchewan (the “Court”) granted an Order (the “Receivership Order”) pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 (the “BIA”), and sections 13(2) of the Judicature Act, R.S.A. 2000, c.J- 2, 99(a) of the Business Corporations Act, R.S.A. 2000, c.B-9, and 65(7) of the Personal Property Security Act, R.S.A. 2000, c.P-7, whereby Alvarez and Marsal Canada Inc. (“A&M”) was appointed Receiver, without security, of all of Morris Industries Ltd.’s (“MIL” or the “Debtor”) current and future assets, undertakings and properties of every nature and kind whatsoever, and wherever situate, including all proceeds thereof (the “Property”). 2. Since January 8, 2020, MIL has been in creditor protection pursuant to the Companies’ Creditors Arrangement Act (“CCAA”) and the CCAA proceedings were terminated on March 26, 2021. A&M was the court-appointed monitor (the “Monitor”) in the CCAA Proceedings and was discharged as the Monitor when the CCAA was terminated. During the CCAA proceedings, the Company, with the approval of the Court, sold all of its assets to a third party. The main purpose of the Receiver’s appointment is to carry-out the remaining duties and other matters of the Monitor not completed in the CCAA. On the same day, after the Receivership Order was granted, the Court adjudged MIL bankrupt by order (the “Bankruptcy Order”) of the Court. A&M was also appointed as the Licensed Insolvency Trustee (the “Trustee”) of the Debtor pursuant to the Bankruptcy Order, subject to affirmation by the creditors of the Trustee’s appointment or substitution of another trustee by the creditors of the Debtor. 3. The Property includes only shares of Morris Industries (USA) Inc. (“MUSA”). The Receiver understands that there is no value remaining in these privately owned shares of MUSA. There are no remaining assets of the Debtor. MUSA was petitioned into bankruptcy by its secured creditor and a Bankruptcy Order was granted as against MUSA. 4. A&M was appointed as Receiver in respect of the Property described above by virtue of the Receivership Order, a copy of which may be found on the Receiver’s website at: www.alvarezandmarsal.com/morris. 5. Upon receiving the Receivership Order, the Receiver took possession and control of the Property described above on March 26, 2021. 6. The following information relates to the receivership: a) Civic Address: 2131 Airport Drive, S7L 7E1 b) Principal line of business: MIL’s principal business activity is the manufacturing and selling of tillage and hay hauling equipment for the agricultural industry. c) Location of business: Saskatoon, Saskatchewan 7. Amounts owed by the Debtor to each creditor, according to books and records as at March 26, 2021 are shown below: Outstanding Amount Secured creditors (see attached listing) 5,361,890.67 Unsecured creditors (see attached listing) 20,159,983.23 Total $25,521,873.90 8. The Receiver’s contact information is: Alvarez & Marsal Canada Inc. Suite 1110, 250 6th Ave SW Calgary, AB T2P 3H7 Telephone: (403) 538-7555 Facsimile: (403) 538-7551 Attention: Mr. Chad Artem Email: [email protected] Attention: Mr. David Williams Email: [email protected] Dated at Calgary, Alberta this 31st day of March, 2021. Alvarez & Marsal Canada Inc., in its capacity as the Court Appointed Receiver of Morris Industries Ltd., and not in its personal or corporate capacity Orest Konowalchuk, CPA, CA, CIRP, LIT Senior Vice President Enclosure IN THE MATTER OF THE RECEIVERSHIP OF MORRIS INDUSTRIES LTD. (the "Debtor") Preliminary List of Creditors as at March 26, 2021, as submitted by the Debtor without admission as to any Liabilities or Privilge Herein Shown Province/ Secured Creditors Address City Postal Code Country Amount Oustanding State Bank of Montreal (Contour Realty Inc. guarantee) Corporate Finance, Prairies Division, 350 – 7th Ave SW, 9th Floor Calgary AB T2P 3N9 Canada 1,669,072.38 Bank of Montreal Corporate Finance, Prairies Division, 350 – 7th Ave SW, 9th Floor Calgary AB T2P 3N9 Canada 1,008,079.21 Farm Credit Canada (Contour Realty Inc. guarantee) 110-510 Wellman Crescent Saskatoon SK S7J 0J1 Canada 1,872,874.62 Trumpf Finance, a Unit of SG Equipment Finance USA 480 Washington Boulevard, 24th Floor Jersey City NJ 07310 USA 754,678.60 De Lage Landen 3450 Superior Court, Unit 1 Oakville ON L6L 0C4 Canada 57,183.86 Praxair Canada Inc. 1 City Center Dr. Ste. 1200 Mississauga ON L5B 1M2 Canada 1.00 Banque Nationale du Canada 600 de la Gauchetiere Street West Montreal QC H3B 4L2 Canada 1.00 Total Secured Creditors $ 5,361,890.67 Province/ Unsecured Creditors Address City Postal Code Country Amount Oustanding State 102030340 Saskatchewan Ltd. 374 THIRD AVENUE SOUTH Saskatoon SK S7K 1M5 Canada 930,272.29 102030340 Saskatchewan Ltd. 374 THIRD AVENUE SOUTH Saskatoon SK S7K 1M5 Canada 3,750,000.00 102058665 SASKATCHEWAN LTD. & 101098670 SASKATCHEWAN L Suite 540, 2424 4th Street Calgary AB T2S 2T4 Canada 141,786.16 1742009 ALBERTA INC. dba AGRITERRA EQUIPMENT 28007 HWY 16 STONY PLAIN AB T7Z 1S5 Canada 485,021.58 2845432 MANITOBA LTD. O/A MINNEDOSA HOME HARDWARE BOX 490, 37 MAIN ST NORTH MINNEDOSA MB R0J 1E0 Canada 2,614.65 3-NOTAIRE DIRECT INC. 3750, CREMAZIE BOULEVARD E MONTREAL QC H2A 1B6 Canada 258.69 4517289 MANITOBA LTD. BOX 208 NEEPAWA MB R0J 1H0 Canada 2,362.50 5048177 MANITOBA LTD PO BOX 1260 MINNEDOSA MB R0J 1E0 Canada 472.50 6190202 Saskatchewan Ltd. P.O. BOX 280, #6 HWY. N. RAYMORE SK SOA 3J0 Canada 70,437.44 7121326 MANITOBA LTD. 643 HODDINOTT ROAD, EAST ST PAUL MB R2E 0H7 Canada 26.04 A.M. CASTLE & CO. (CANADA) INC. PO BOX 4375 STN A TORONTO ON M5W 0J3 Canada 25,702.56 ABF FREIGHT SYSTEM, INC PO BOX 10048 FORT SMITH AR 72917-0048 USA 16,037.69 ACCESS INFORMATION MANAGEMENT 500 UNICORN PARK DRIVE, SUITE 503 WOBURN MA 01801 USA 2,655.41 ACCULIFT 455 LUCAS AVENUE, PO BOX 63 GRP 200 RR 2 WINNIPEG MB R3C 2E6 Canada 7,753.68 ACCURATE SCREEN LTD. 7571-57 ST SE CALGARY AB T2C 5M2 Canada 1,339.80 ACKLANDS-GRAINGER INC. PO BOX 2970 WINNIPEG MB R3C 4B5 Canada 10,633.02 ACRYLON PLASTICS INC. SITE 525 COMP 32 RR 5 2954 DAY STREET WINNIPEG MB R2C 2Z2 Canada 4,345.14 ADDEV PROFOM 1055 AUTOROUTE 440 OUEST LAVAL QC H7L 3W3 Canada 15,696.92 ADVANCE TAG 307 ARCHIBALD ST. WINNIPEG MB R2J 0W6 Canada 1,612.93 AETNA BEARING COMPANY 1081 SESAME STREET FRANKLIN PARK IL 60131 USA 3,269.53 Ag Authority P.O BOX 100, 100 SERVICE STREET KINISTINO SK S0J 1H0 Canada 555.59 Ag West Supply 36 N.W. "A" STREET MADRAS OR 97741 USA 3,491.20 AGCO CANADA LTD PO BOX 1937 STATION A TORONTO ON M5W 1W9 Canada 8,024.20 AGRICREDIT ACCEPTANCE CANADA, A DIV 3450 SUPERIOR COURT, UNIT 1 OAKVILLE ON L6L 0C4 Canada 56,614.48 AGRICREDIT ACCEPTANCE LLC PO BOX 8362 DES MOINES IA 50301-8362 USA 18,935.54 Agrilink Equipment Ltd Box 40, Pacific Ave BROWNLEE SK S0H 0M0 Canada 23,509.84 AGRILINK EQUIPMENT LTD. Box 40, Pacific Ave BROWNLEE SK S0H 0M0 Canada 102,050.60 Agri-Service, Llc P.O. BOX 285 TWIN FALLS ID 83303 USA 1,061.29 AGTRON ENTERPRISES INC. 242 ROBIN CRESCENT Saskatoon SK S7L 7C2 Canada 4,827.40 Aichele, Brett Canada 1.00 AIR LIQUIDE CANADA INC. 1250 RENE LEVESQUE QUEST, SUITE 1700 MONTREAL QC H3B 5E6 Canada 523.70 AIRCHEKLAB 14 CHIPPEWA ROAD SHERWOOD PARK AB T8A 3Y1 Canada 1,701.00 Ajera, Gil Canada 1.00 ALL SEASON RENTALS & SALES PO BOX 1965 YORKTON SK S3N 3X3 Canada 298.62 ALLIED ELECTRONICS (CANADA) INC. PO BOX 4269 POSTAL STN A TORONTO ON M5W 5V2 Canada 1,766.15 ALTRA INDUSTRIAL MOTION 24989 NETWORK PLACE CHICAGO IL 60673-1249 USA 15,123.84 AMAZONEN-WERKE H. DREYER - WIRE TRN POSTFACH 51, D-49202 HASBERGEN GERMANY 1,410.77 AMERICAN IMPLEMENT ASSEMBLERS 97 NESTOR ROAD, PO BOX 558 UPTON WY 82730 USA 23,019.55 ANCAST INDUSTRIES LTD. 1350 SASKATCHEWAN AVE. WINNIPEG MB R3E 0L2 Canada 17,578.11 ANNADALE FINISHING SYSTEMS 1201 FRANKLIN BLVD. CAMBRIDGE ON N1R 6R7 Canada 327.60 ANTHONY BENJAMIN AXLEY BOX 3427 VERMILION AB T9X 2B4 Canada 8,000.00 Antony, Edwin Canada 1.00 Appel, Kiefer Canada 1.00 APPLIED INDUSTRIAL TECHNOLOGIES BOX 307 STN MAIN SASKATOON SK S7K 3L3 Canada 134,679.20 Arie, Stirling Canada 1.00 Armstrong, Shane Canada 1.00 ASA ALLOYS INC. 81 STEINWAY BOULEVARD ETOBICOKE ON M9W 6H6 Canada 10,179.18 ATLAS TUBE CANADA ULC 227 WEST MONROE STREET, SUITE 2600 CHICAGO IL 60606 USA 253,850.43 ATOM JET INDUSTRIES (2002) LTD. 2110 PARK AVENUE BRANDON MB R7B 0R9 Canada 60,278.49 AUTO ELECTRIC SERVICE 26 - 4th AVENUE YORKTON SK S3N 1A2 Canada 1,666.60 AVRIO VENTURES III MANAGEMENT CORP 500, 400 CROWFOOT CRES. NW CALGARY AB T3G 5H6 Canada 2,625.00 AXALTA COATING SYSTEMS LLC 50 APPLIED BANK BLVD., SUITE 300 GLEN MILLS PA 19342 USA 157,545.52 Ayari, Tarek Canada 1.00 B. A. ROBINSON CO. LTD 619 BERRY STREET WINNIPEG MB R3H 0S2 Canada 262.38 Badowich, Brandon Canada 1.00 Bagu, Corbin Canada 1.00 Bailey, Robert Canada 1.00 Balabuck, Scott Canada 1.00 Balhut, Dave Canada 1.00 Bandayrel, Francis Canada 1.00 BANDAYREL, JED Canada 1.00 Bandayrel, Ruel Canada 1.00 Bangsund, Bryce Canada 1.00 Bauer, Thomas Canada 1.00 BDR SERVICES LTD 11 YARD STREET WINNIPEG MB R2W 5J6 Canada 636.16 BERENDSEN FLUID POWER 35A IRONSIDE CRESCENT SCARBOROUGH ON M1X 1G5 Canada 7,281.86 Best, Terry Canada 1.00 Betteridge, Allan Canada 1.00 BIG D TRANSPORT LTD.