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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.
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...
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...
Jul 22, 2016 · Fortunately, Bellatrix had been taking measures to reduce its (gross and net) debt. It didn't just sell an asset for C$75M ($55M), it also entered into an agreement to sell a 35%...
Feb 11, 2015 · When Orange acquired its 5.3% original stake last summer it said it wanted board representation, the exploration of certain strategic alternatives including its outright sale or certain assets. News of its involvement also caused Bellatrix’s share price to rise to around $8.50.
Jul 18, 2017 · After a decade of asset buying high and selling low, subtracting the 27% stock option grants to the management, the company is now worth $7.45-$21.50 per share.
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Jun 4, 2019 · The Recapitalization Transaction completed on June 4, 2019, resulted in an improved capital structure for the Company, with reduced debt levels, reduced annual cash interest payments and extended debt maturities, providing Bellatrix with a stronger financial foundation.
