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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.
Jul 22, 2016 · Summary. Bellatrix has now covered all bases after seeing its borrowing base being slashed by 60%. Two asset sales and the C$30M equity raise will reduce the net debt, whilst an additional C$50M...
Pursuant to the Transaction: (i) the Purchaser will loan $2,499,000 to Bellatrix (the “Loan”), and Bellatrix will issue a promissory note to the Purchaser in respect thereof (the “Promissory Note”); (ii) certain assets (including, without limitation, all existing cash, the proceeds of the Loan and the subscription proceeds in respect of ...
May 11, 2021 · Summary. Spartan Delta bought the Bellatrix assets out of the failure of Bellatrix. Those assets offer capital efficiency of CAD$4,000 per Boe/day. Debt-free Spartan Delta can develop those...
Oct 7, 2016 · The company recently announced a sale to pay the remaining $13 million due in November which takes some pressure off management. The rest of the proceeds went to pay down other bank debt so...
Mar 29, 2019 · CALGARY - Shares in Bellatrix Exploration Ltd. fell by as much as 35 per cent Friday after it proposed a deal that would leave its existing shareholders with just 16.5 per cent of the company.
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Mar 29, 2019 · Shares in Bellatrix Exploration Ltd. fell by as much as 35 per cent Friday after it proposed a deal that would leave its existing shareholders with just 16.5 per cent of the company.
