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Aug 22, 2008 · I am pretty sure that Spartan Delta bought the assets out of receivership and that only Bellatrix's creditors received proceeds. That would mean the shares are worth $0, but you should look into it yourself to confirm.
Oct 2, 2019 · On October 2, 2019 (the “Filing Date”) Bellatrix Exploration Ltd. (“Bellatrix”, the “Company” or the “Applicant”) applied for and received an order (the “Initial Order”) for protection pursuant to the Companies’ Creditors Arrangement Act (“CCAA”), R.S.C.1985, c.C-36, as amended, from the Court of Queen’s Bench of ...
Aug 31, 2022 · On July 7, 2022, the Court granted an Approval and Vesting Order (“AVO”) in the CCAA Proceedings, providing among other things that the Monitor could effect a transaction (the “Transaction”) in which Bellatrix would be restructured, emerge from the CCAA proceedings and be replaced with 2350810 Alberta Ltd. (“Newco”) as the CCAA ...
A recent decision in the Companies’ Creditors Arrangement Act (“CCAA”) proceedings of Bellatrix Exploration Ltd. (“Bellatrix”) serves as a useful reminder to professionals that a court-ordered charge may not be enough to ensure their fees will be paid at the end of the day.
Oct 2, 2019 · The publicly traded Bellatrix — whose primary operations are centred on the Spirit River liquids-rich natural gas play in the west-central part of the province — said Wednesday it is seeking a...
The Transaction was approved today by the Court of Queen’s Bench of Alberta (the “ Court ”) pursuant to an Approval and Vesting Order (the “ Court Order ”) in the Company’s proceedings under the Companies’ Creditors Arrangement Act (the “ CCAA ”), and remains subject to certain remaining conditions.
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Apr 23, 2020 · Calgary-based Bellatrix Exploration Ltd. says it has struck a deal to exit Companies’ Creditors Arrangement Act court protection after six months through a sale of its assets to Return Energy Inc. Return would pay $87.4 million in cash under the agreement and assume liabilities it estimated to be worth about $14.8 million.
