OCM Manufacturing Inc.

OCM filed a voluntary assignment in bankruptcy on June 6, 2025.  The company was indebted to the National Bank of Canada and The Business Development Bank of Canada.  OCM commenced a self liquidation of its assets, and a related company sold the building where the company operated from.  The results of the building sale and self liquidation allowed for the full repayment to both secured lenders.  The remaining debt of $1.8 million comprised of secured and unsecured claims will be managed by the LIT via the liquidation of the remaining equipment and collection of accounts receivable.