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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.
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 ...
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...
Jun 30, 2021 · In Bellatrix, the Contract was comprised of a (i) GasEDI Base Contract for Short-Term Sale and Purchase of Natural Gas and Special Provisions for GasEDI Base Contract (collectively, the " GasEDI Agreement "), and (ii) several Transaction Confirmations for Immediate Delivery (the " Transaction Confirmations ").
- Owen Gaffney
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 to Return Energy Inc.
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 ...
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Jun 1, 2020 · Pursuant to the Transaction, Return Energy Inc. (renamed Spartan Delta Corp.), through its wholly-owned subsidiary, Winslow Resources Inc. (the “Purchaser”), has acquired substantially all of Bellatrix’s assets relating to its oil and gas business, with the exception of the Company’s working capital and certain other excluded assets. In ...
