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Oct 2, 2019 · In accordance with section 23 (1) (ii) (b) of the CCAA and the Initial Order, a notice will be sent within 5 days of the Filing Date to every known creditor of the Applicant who has a claim against the Company of more than $1,000.
Miller Thomson insolvency lawyers, Asim Iqbal and Sam Massie, examines a 2020 decision in the CCAA proceedings of Bellatrix Exploration ltd.
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 ...
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 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.
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 ...
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Apr 23, 2020 · Bellatrix Exploration Ltd. is a Western Canadian based oil and gas company engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves, with highly concentrated operations in west central Alberta, principally focused on profitable development of the Spirit River liquids rich natural gas play.
