Mayfield Investments Ltd., Receivership

Mayfield Investments Ltd., which owns and operates the Camrose Resort and Casino located in Camrose, Alberta and the Medicine Hat Lodge, located in Medicine Hat, Alberta, was placed in receivership on October 24, on application by ATB Financial, owed over $38.8 million.

Mayfield, which indirectly employs over 450 people, has been in financial distress and in default of its financial obligations to ATB since March 2021. Various forbearance periods have expired without repayment.

EY is the receiver.

Counsel is McCarthy Tétrault for ATB, Blakes for the receiver, McLennan Ross for Mayfield, Miller Thomson for Agriculture Financial Services Corporation, and Sharek Logan & Van Leenen for Camrose Regional Exhibition & Agricultural Society.