Toronto, March 27, 2020 – Pursuant to an Order of the Ontario Superior Court of Justice dated March 25, 2020 issued and entered on March 27, 2020 (the “Appointment Order”), RSM Canada Limited was appointed as receiver and manager (the “Receiver”) without security, of (i) all of the assets, undertakings and properties of Penady (Barrie) Ltd. (“PBL”) acquired for, or used in relation to a business carried on by PBL, including all proceeds thereof, and (ii) PRC Barrie Corp.’s (“PRC”) interest in the real property having the legal description set out in Schedule “A” of the Appointment Order and all assets, undertakings and properties related thereto.
Toronto, May 15, 2020 – Pursuant to an Order of the Ontario Superior Court of Justice dated May 15, 2020 (the “Amended and Restated Order”), the Appointment Order was amended and restated, and the undersigned, RSM Canada Limited, was appointed as receiver and manager without security of (i) all of the assets, undertakings and properties of PBL acquired for, or used in relation to a business carried on by PBL, including all proceeds thereof, and (ii) each of PRC’s and Mady (Barrie) Inc.’s interest in the real property having the legal description set out in Schedule “A” of the Amended and Restated Order and all of their respective assets, undertakings and properties related thereto.
A copy of the Appointment Order and the Amended and Restated Order are posted below and other pertinent public information will be posted to this website as that information becomes available.
