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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.
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END OF THE BELLATRIX GASEDI SAGA MARKS BEGINNING OF MARKET...
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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 18, 2017 · The company has been actively reducing its debt level since 2016 (Fig. 20). Bellatrix had an estimated bank debt of $21 million as at April 30, 2017.
Aug 20, 2017 · That is a big change in attitude from when the banks could not reduce the credit line fast enough. So management was selling properties and interests in assets to raise cash to decrease the...
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.
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...
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Jun 22, 2021 · The Transaction is the result of the 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.
