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Scollard Energy Ltd. - Status Updates
| March 5, 2019 | |
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On March 4, 2018, the Receiver filed the Receiver's Certificate which, among other things, certified that the administration of the receivership proceedings have been completed. The National Bank of Canada, the secured creditor, in these proceedings was not repaid in full and therefore there was no claims process established or distribution to unsecured creditors. | |
| February 5, 2019 | |
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On January 24, 2018, the Court of Queen's Bench of Alberta granted an order which, among other things, approved the distribution of the remaining funds and the discharge of the Receiver upon filing the Receiver's Certificate. | |
| August 28, 2018 | |
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Pursuant to letters dated June 13, 2018 (the "June 13 Letter") and August 28, 2018 (the "August 28 Letter") from the Receiver to the Alberta Energy Regulator (the "Notices of Renunciation"), and in accordance with the Receiver's authority at law, including 14.06(4)(c) of the Bankruptcy and Insolvency Act (Canada), the Receiver has abandoned, renounced and divested any and all interest that Scollard had in the wells, facilities, pipelines, lands, licenses and leases associated thereto listed on Schedule "A" of the June 13 Letter and Schedules "B", "D" and "E" of the August 28 Letter. Copies of the June 13 Letter and August 28 Letter are available under the Section "Other Documents & Notices". | |
| March 12, 2018 | |
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On March 12, 2018, the Court of Queen's Bench of Alberta granted several orders which, among other things, approved the sale of certain of the Debtors assets (Sale Approval and Vesting Order) and authorized the Receiver to make a further Interim Distribution. | |
| February 6, 2018 | |
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On February 6, 2018, the Court of Queen's Bench of Alberta granted several orders which, among other things, approved the sale of certain of the Debtors assets (Sale Approval and Vesting Order) and authorized the Receiver to make an Interim Distribution. | |
| September 27, 2017 | |
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On September 27, 2017, the Receiver launched a sales process (the "Sales Process") to complete a sale of Scollard Energy’s assets. Further information on the Sales Process can be found on the selling agents website - GMP Securities | |
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