Lionhart Capital Ltd., Receivership

Lionhart Capital Ltd., a Calgary, Alberta-based equipment leasing brokerage firm, was placed in receivership on June 26, 2023, on application by Wade Wood. On December 10, 2021, Mr. Wood successfully obtained a judgment against Gerald Bevan, the principal of Lionhart, among others. Over $3.7 million is currently owing on the judgment. Mr. Bevan intermingled the business affairs of Spherical Capital, one of the other judgment defendants, and his other corporation, Lionhart. Mr. Wood had not been able to enforce the judgment against Mr. Bevan’s other assets. MNP was appointed Receiver. Bennett Jones is counsel for Mr. Wood.

By: Dina Milivojevic