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- 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.
www.thestar.com/business/bellatrix-sale-to-return-energy-proposed-as-exit-to-creditor-protection-status/article_954f6831-6f7f-5d02-bf49-6eeb26a326c1.htmlBellatrix sale to Return Energy proposed as exit to creditor ...
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Pursuant to the Transaction, the Purchaser will acquire substantially all of the Company’s assets relating to its oil and gas business, with the exception of the Company’s working capital and certain other excluded assets.
Jul 22, 2016 · Fortunately, Bellatrix seems to have a good relationship with the banks, as they gave the company some time to finish another asset sale which will further reduce the net debt.
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.
CALGARY, Alberta, June 22, 2021 (GLOBE NEWSWIRE) — Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) announces a transaction (the “Transaction”) pursuant to which 1184262 B.C. Ltd. (the “Purchaser”), an affiliate of Hillcore Group Ltd. (“Hillcore”), will acquire 33,433,255 new common shares issued by Bellatrix (the ...
Jun 23, 2022 · The Transaction is the result of Bellatrix’s efforts to maximize additional value for the benefit of its stakeholders, following the sale transaction completed by Bellatrix in June 2020 pursuant to its CCAA proceedings, and following the Company’s previously announced transaction with 1184262 B .C. Ltd., an affiliate of Hillcore Group Ltd., whic...
May 11, 2021 · In June of 2020, Spartan Delta (OTCPK:DALXF) acquired the Bellatrix assets from its creditors for CAD$88 million in addition to assuming approximately CAD$21 million of Bellatrix liabilities.
Prior to its filing, Bellatrix engaged a bank to act as its sale advisor (“Sale Advisor”) pursuant to the terms of an Engagement Letter dated September 9, 2019 (“Engagement Letter”). The Engagement Letter stipulated that the Sale Advisor’s compensation would be comprised of: (1) a monthly work fee; and (2) a transaction fee of ...
