Surplus Assets of

M Tech Tool & Die Inc.

Late Model CNC Machining, Wire EDM & Stamping Facility


Thursday, January 26, 2012

Start Time

10:30 AM EST




M Tech Tool & Die Inc.
6240 Danville Road, Mississauga, Ontario, Canada, L5T 2H7

FEATURING: TAKUMI (1999) V22A CNC VMC, (2) DAHLIH (1998) DL-MCV 1500 CNC VMC, (2) DAHLIH (2000) DL-MCV 1020 BA CNC VMC, SODICK (2002) AQ750L CNC wire EDM, SODICK (2000) AP500 CNC wire EDM, SODICK (1999) A535 CNC wire EDM, SODICK (1998) A325 CNC wire EDM, MITUTOYO (1999) BRIGHT A910 CMM, (3) FORTWORTH (1999) VBM-5VL bed type vertical milling machines, KIHEUNG (1998) KBM U6 bed type universal milling machine, (4) KAO MING (1999) KMR 1600 DH 6' radial arm drill, KAO MING (1998) KMR 1100 S 4' radial arm drill, TONE FAN (1996) RD 100 4' radial arm drill, CHEVALIER FSG 1640AO hydraulic surface grinder, CHEVALIER FSG 1224 AD II hydraulic surface grinder, CHEVALIER FSG 1224 AD hydraulic surface grinder, (4) CHEVALIER FSG 618M manual surface grinders, (8) FIRST vertical turret mills, BLISS SE2-800-132-60 side press, MINSTER MS2-250-84-48 straight side press, (2) FEEDLEASE air feeders, (2) MECON motorized uncoilers, CANADIAN CRANE 10 ton, 38' bridge crane, CANADIAN CRANE 5 ton, 38' bridge crane, ROYAL25000 lbs forklift, CLARK 8925 lbs. forklift, machine shop equipment, air compressors, factory equipment, CAT 40, BT 40 tool holders, tool caddies, tool cabinets, parallels, racking, hand shear, granite surface plate, fasteners, steel, perishable tooling, strapping caddies, power tools, hand tools, pump trucks, lifting accessories, safety cages, fasteners, office furniture, business machines and more.


Terms & Conditions

Corporate Assets Inc. assumes no liability for errors or omissions on this Web site. Corporate Assets Inc. expressly reserves the right to determine the manner of conducting the auction as it may deem appropriate. All subject to prior sale.





Pre-Approval by Corporate Assets Inc. will be required. To participate in the auction you must register and be approved. All Webcast (Remote) Bidders require a deposit equal to 25% of their requested Purchasing Limit (the maximum amount they plan to spend) plus the Buyer's Premium (see below for applicable Buyer's Premium) and must be by Direct Bank Wire Transfer. To ensure approval as a Bidder please make deposit arrangements as far in advance of the sale as possible. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

Invoices for the balance of the purchase price will be emailed and/or faxed to successful bidders within 24 hours of the close of the auction and are due upon receipt.


All buyers must complete the "Buyer Deposit Form" and provide Corporate Assets Inc. with a 25% deposit of their total intended purchase amount by way of wire transfer.* The deposit must be received by no later than 1 business day prior to the commencement of the sale.**

Payment in full must be made before or immediately after the conclusion of the auction.

* Please keep in mind that bank charges may apply to incoming and/or outgoing wire transfers by your/our bank/financial institution.

** In order to meet the Terms and Conditions of Sale, please keep in mind that wire transfers traditionally take between 2 - 4 business days to be processed by your bank. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

For International (Non Canadian and Non U.S. Residents) Buyers, Webcast Remote Buyers & Online Buyers, all payments shall ONLY be by way of wire transfer.

For Canadian and U.S. On-site Buyers, all payments shall be by way of wire transfer, certified cheque, bank draft, Interac, or company cheque accompanied with a valid bank letter of authorization guaranteeing irrevocable payment to Corporate Assets Inc. in the following format: "Name of Bank hereby guarantees irrevocable payment of cheques payable to Corporate Assets Inc. up to Amount in Words & Currency for purchases made by our client Name of Client. This letter is valid for purchases made at the auction of Name of Auction being held in City, State/Province on Date."

Payment by way of Visa or Mastercard will ONLY be accepted for purchases, and not for deposits, from buyers whose total invoice does not exceed $2,500.00.

Payments may be made in advance of the auction by way of wire transfer and any balance in excess of the balance owing will be refunded after the auction.

The Auctioneer reserves the right to put articles back up for auction if a deposit is not received at or before the time of sale.

Download Full Payment Information
Download Buyer Deposit Form
CAD Wire Transfer Details
USD Wire Transfer Details
GBP Wire Transfer Details
EUR Wire Transfer Details

Proxy Bidding

To place a proxy bid, please refer to the Corporate Asset Inc. PROXY BID FORM or email us at: for more information.

All Proxy Bids must be completed in writing, either typed or hand-written, indicate the name of the auction sale, and must be signed and dated. They must be faxed or mailed to our office and received by no later than 3:00 P.M. EST on the day before the auction.

Download Proxy Bid Form