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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. Return would pay $87.4 million in cash under the agreement and assume liabilities it estimated to be worth about $14.8 million.
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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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 22, 2021 · CALGARY, Alberta – 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 “Purchased Shares”), which ...
Jun 22, 2021 · 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 · Following the termination of the June 2021 Transaction, the Company, with the assistance of its advisors and in consultation with the Court-appointed monitor in its CCAA proceedings (the "...
The Court dismissed the appeal on the grounds that it was moot, as Bellatrix’s assets had been sold to a third party and the priority to the funds held back from that transaction had already been decided by another judge in the CCAA proceedings, leaving no funds for any potential distribution to BP.
Jun 23, 2022 · June 23, 2022. CALGARY, AB – Bellatrix Exploration Ltd. (“ Bellatrix ” or the “ Company “) announces a transaction (the “ Transaction “) pursuant to which, among other things, Spartan Delta Corp . (the “ Purchaser “) will acquire 1,000 new common shares issued by Bellatrix (the “ Purchased Shares “) for an aggregate ...
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...
