April 29, 2021
Alter NRG Corp., a Calgary, Alberta-based company that provides renewable energy services and which operated as a publicly traded company listed on the TSX from 2008 to 2015, was placed in receivership on April 29 on application by Aleksandr Gorodetsky, Bruce Leonard, and Kenneth Willis (the "Applicants"). In May 2019, the Applicants obtained judgment against the company for approximately $1.1 million (the "Judgment"). Although the Applicants have made several demands for payment pursuant to the Judgment, the company has not made any payments to date. The only means the Applicants have to realize upon the Judgment is to monetize the company's unique technology, which will require the assistance of a receiver and manager. MNP was appointed receiver. McLennan Ross is counsel to the Applicants.