Second Meeting of Creditors
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 Trustee's Report on the Amended October Proposal |
October 29, 2025 |
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Amended October Proposal
Blackline from Proposal presented at the First Meeting of Creditors to the Amended October Proposal
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October 27, 2025 |
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Voting Letter - Blank
Proxy Form - Blank
Proof of Claim - Blank
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March 7, 2025 |
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Claims Bar Date Notice
Notice of Application for Court Approval of Proposal
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April 11, 2025 |
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| Minutes of the Meeting of Creditors held on March 21, 2025 |
March 21, 2025 |
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First Meeting of Creditors
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| Trustee's Report on the Proposal |
March 20, 2025 |
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| Notice of Creditor Meeting |
March 7, 2025 |
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| Proposal (As presented at the First Meeting of Creditors) |
February 28, 2025 |
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Subsequent to the Amended Proposal being approved at the Creditors' Meeting, the Company made additional amendments and presented this version of the proposal (the "Final Proposal") to the Court at an April 28, 2025 application to be sanctioned.
In a decision by the Court dated May 5, 2025, the Court opined that the Final Proposal was materially different than the Amended Proposal and that before the Court would approve the Final Proposal for sanctioning, a new creditor vote must be held.
The material change in the Final Proposal was a change in the deadline by which the Company must have the cease trade order was to be lifted. The deadline in the Proposal was April 11, 2025. The cease trade order has now been lifted effective July 21, 2025 and the Company's shares have resumed trading.
Pursuant to the Court's decision a second creditor vote will be held on November 14, 2025, at 1PM MT (the "Second Creditors' Meeting"), for the purpose of voting on the Amended October Proposal. The purpose of the Second Creditors' Meeting is solely to vote on the Amended October Proposal and creditors must have submitted a proof of claim prior to being eligible to vote. If you have already submitted a proof of claim, there is no need to resubmit your claim. Instructions to attend the Second Creditors' Meeting can be obtained by emailing the Proposal Trustee at avilaenergy@fticonsulting.com.
NOTE THAT THE VOTE AT THE SECOND CREDITORS' MEETING WILL DETERMINE IF THE AMENDED OCTOBER PROPOSAL PASSES. THE VOTE WHICH OCCURRED AT THE CREDITORS' MEETING IS NO LONGER VALID. ALL CREDITORS ARE REQUIRED TO SUBMIT A NEW VOTE WITH RESPECT TO THE FINAL PROPOSAL.
