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FTI Consulting, Inc. / Long Run On July 4, 2024 (the "Filing Date"), China Construction Bank Toronto Branch ("CCBT" or the "Applicant"), in its capacity as collateral agent, sought and obtained an initial order (the "Initial Order") from the Court of King's Bench of Alberta (the "Court") to commence proceedings under the Companies' Creditors Arrangement Act, RSC 1985, c C-36, as amended (the "CCAA") in respect of Long Run Exploration Ltd. ("Long Run") and Calgary Sinoenergy Investment Corp. (the "Guarantor" and collectively with Long Run, the "Debtors"). The Initial Order provides, among other things, a stay of proceedings which may be extended from time to time. Pursuant to the Initial Order FTI Consulting Canada Inc. was appointed monitor (the "Monitor") of the Applicant.
For additional information please contact the CCAA: |
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