2781774 Ontario Inc.

2781774 Ontario Inc., the owner a Puslinch, Ontario property on which it operates a Pioneer gas station and On the Run convenience store, was placed in receivership on July 29, on application by C & K Mortgage Services Inc. ("C&K"), owed approximately $4.2 million. Following the company's failure to pay monthly interest of $30,000 under the loan in June, C&K made a written demand for repayment and issued a section 244 BIA notice. The company once again failed to pay monthly interest in July, and then advised C&K that it has no interest in remaining in possession of the property. Rosen Goldberg was appointed receiver. Counsel is Dickinson Wright for C&K.