Clearford Water Systems Inc. (TSXV:CLI)

Clearford Water Systems Inc. (TSXV:CLI), an Ottawa, Ontario-based provider of unified water management solutions for the design, deployment, finance and operation of water infrastructure systems, filed an NOI on April 28. KSV is the proposal trustee. Perley-Robertson, Hill & McDougall for the company; DLA Piper for Morebath/Lexus (a secured creditor); and Aird & Berlis for the proposal trustee. By Dina Milivojevic

Mooney’s Bay (Ottawa) Seniors Community Real Estate Limited Partnership

Mooney’s Bay (Ottawa) Seniors Community Real Estate Limited Partnership, a partnership formed to acquire and develop land in the City of Ottawa, filed an NOI on April 28, listing approximately $27.3 million in liabilities, including approximately $15.2 million to Fiera FP Real Estate Financing Fund. The project has been approved to be developed as an active seniors living project, including a 6-floor seniors apartment and retirement residence, along with 26 town homes, 36 flats and 62 mixed use units, on a 10.6 acre site across from Mooney’s Bay in central Ottawa. The project was delayed as a result of the COVID-19 pandemic, and increasing interest costs since 2020 have caused the partnership to consider options for further capital investment, or to commence a formal sales process to divest itself of the project. The partnership is currently soliciting offers to list and market the site. MNP is the proposal trustee. By Dina Milivojevic

Tazarmc Inc.

Tazarmc Inc., a Trenton, Ontario-based steel fabricator and service provider to multi-disciplined industrial and commercial construction projects throughout Canada and the United States, filed an NOI on April 20, listing approximately $4 million in liabilities, including approximately $1.3 million to Vulcraft Canada. KPMG is the proposal trustee. Counsel is Dickinson Wright for the company and KRB Law for National Bank. By Dina Milivojevic

Gateway Market Canada Inc., Tobmar Investments Inc. and Tobmar Investments International Inc.

Gateway Market Canada Inc., Tobmar Investments Inc. and Tobmar Investments International Inc., which jointly operate a franchise system of approximately 150 convenience stores, bakeries and lottery booths across Canada, each filed an NOI on April 19. The majority of the companies’ stores are located in Ontario and operate under the “Gateway Newstands” brand, and most franchisees are owner/operators. The COVID-19 pandemic severely challenged the companies’ viability. Franchisees were forced to close down their locations for prolonged periods of time, and foot traffic remained significantly below pre-pandemic levels when stores were permitted to open. This led to, among other things, a steep decline in sales, a reduction in revenues from supplier payments, and an inability by franchisees to honour their lease obligations. Despite being able to reach and renew a forbearance agreement with TD Bank on several occasions, and despite having reached temporary accommodations with most major creditors, including landlords such as the TTC, the companies were not able to continue operating without fundamentally restructuring their collective affairs and indebtedness. Albert Gelman is the proposal trustee. Counsel is Dale & Lessmann for the companies. By Dina Milivojevic

Just Solutions Inc.

Just Solutions Inc., a Moose Jaw, Saskatchewan-based insurance broker engaged in the business of selling crop and hail insurance to farmers throughout western Canada, filed an NOI on April 18. There was a dramatic increase in claims made by insureds in the agricultural sector in 2021. The company is solely a broker of the crop insurance policies and does not have any liability to insureds in the event of a claim. However, in early 2022, due to the losses on insurance policies occurring in the previous growing season, it became apparent that it was going to be very difficult for the company to obtain rights to bind insurance companies for the 2022 growing season on terms similar to previous years. As a result, the company faced the risk of ceasing to be able to function as a going concern. A SISP, including a stalking horse bid by Forage Subordinated Debt Limited Partnership II, were approved on April 22. A&M is the proposal trustee. Counsel is McCarthy Tétrault for the company. By Dina Milivojevic

Laserpro Med Spa Inc. (“Laserpro”)

Laserpro Med Spa Inc. (“Laserpro”) filed an NOI on April 11. Laserpro has been providing laser and skincare treatment since 1999 and is based out of Mississauga, Ontario. Due to various provincially mandated shutdowns during COVID-19 pandemic, medical issues suffered by the director and lack of filing and payments to CRA, Laserpro identified the need to seek a settlement with its creditors. BDO is the proposal trustee. By Dina Milivojevic

Jeno Neuman et Fils Inc.

Jeno Neuman et Fils Inc., a Montreal, Quebec based importer and distributor of women's clothing, filed an NOI on April 5, listing approximately $2.3 million in secured liabilities, including $1.6 million to A.Y.K. International Inc. ("AYK"), and $6.4 million in unsecured liabilities. EY is the proposal trustee. Counsel is Osler for the company, KRB for AYK and McMillan for EY as proposal trustee. By Dina Milivojevic

Victory Nickel Inc.

Victkel Incory Nic., a Toronto, Ontario-based mineral resources company primarily engaged in the acquisition, exploration, evaluation and development of nickel projects and associated products in Canada, filed an NOI on April 1. The company owns 100% of three advanced sulphide nickel projects: Lynn Lake (under option to Corazon Mining Ltd., an Australian public company (ASX: CZN)), Mel Manitoba, and the Lac Rocher project in Québec. It sold its Minago project located in northern Manitoba on February 9, 2021. The company filed its proposal on April 14. Under the proposal, most of Victory's assets will be liquidated for the benefit of its creditors, which are anticipated to receive a recovery of 100% (exclusive of interest) if the proposal is approved. Grant Thornton is the proposal trustee. Counsel is WeirFoulds for the company. By Dina Milivojevic

915245 AB Ltd. O/A Prairie Tech Oilfield Service

915245 AB Ltd. O/A Prairie Tech Oilfield Service, an Elk Point, Alberta-based oilfield transportation provider, filed an NOI on February 25. The company lists various liabilities, including various yet unvalued secured claims and dozens of unsecured claims, including approximately $1.26 million to the Cornerstone Co-operative. Deloitte is the proposal trustee. Counsel is DLA Piper for the company. By Dina Milivojevic

Cochran Landing Limited Partnership, Cochran Landing GP Inc. and CL Development Ltd. (collectively, the “Cochran Landing Group”)

Cochran Landing Limited Partnership, Cochran Landing GP Inc. and CL Development Ltd. (collectively, the “Cochran Landing Group”), a Halifax, Nova Scotia-based group of real estate development companies, filed an NOI on February 25, listing approximately $4.6 million in liabilities, the majority owed to German investors. BDO is the proposal trustee By Dina Milivojevic