Pathfinder Energy Ltd. and MCK Energy Inc. have been in a court-appointed receivership since October 7, 2025, under section 243 of the Bankruptcy and Insolvency Act in the Court of King's Bench of Alberta, file 2501-15789. The Receiver puts the combined estimated assets of the two debtors at $28,000,221.95 as at June 30, 2025, drawn from unaudited management figures it has not verified. Royal Bank of Canada holds secured claims of $10,257,571.25 against Pathfinder, secured on property and business locations near Hardisty and Rocky Mountain House, Alberta. Unsecured claims listed against Pathfinder include Bennett Jones LLP in trust at $399,353.64, Candor Engineering Ltd at $357,419.34, the Receiver General at $333,760.90 and Clearwater County at $82,258.53. MCK owes Pathfinder $1,343,114.04 on intercompany account.
Approved the asset sale to OHM Technology Compute Inc. or its nominee under the September 21, 2026 agreement, vesting to follow Alberta Energy Regulator licence-transfer approval and the Receiver's closing certificate.
Source: Order of Justice C.D. Simar (Sale Approval and Vesting Order)
Ratified the sale and investment solicitation process as reasonable, authorizing solicitation of offers for the debtors' power generation and data centre business and property, with bids due March 20, 2026.
Confidentiality and Non-Disclosure Agreement (NDA) — Court officer report filed
Filing brief
Pathfinder Energy: a sealed sale to Ohm, and whose 2025 TIER true-up it is
GlassRatner asks the court on September 28 to approve a sealed-price sale of Pathfinder's gas-fired peaking plants to Ohm Technology Compute, leaving RBC, owed $10,817,207.12, with a shortfall, while the receiver and Alberta's environment ministry dispute who answers for three plants' 2025 TIER true-up.
Debtor
Pathfinder Energy Ltd. and MCK Energy Inc.
Applicant
RBC
Receiver
GlassRatner
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Simar | Court of King's Bench of Alberta | 3 orders, Sep 2026 | 1 case on record |
| Justice Little | Court of King's Bench of Alberta | 2 orders, Feb 2026 | 59 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverGlassRatner | Cassels Brock & Blackwell LLP | 13 Feb 2026 | Service list · 13 Feb 2026 |
| ApplicantRBC | Borden Ladner Gervais LLP | 13 Feb 2026 | Service list · 13 Feb 2026 |
| CreditorAlberta Electric System Operator | Norton Rose Fulbright Canada LLP | 13 Feb 2026 | Service list · 13 Feb 2026 |
| CreditorPaul Pepin and Andrew Love | Carscallen Leitch LLP | 13 Feb 2026 | Service list · 13 Feb 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Royal Bank of Canada · in 584 casesSecurity on Debtors' property/business locations near Hardisty, AB and Rocky Mountain House, AB (nature of security instrument not further specified) — Page 2 recites the amount as '$10,257.571.25' (apparent decimal-point typo); the itemized creditor list on page 3 gives the exact figure $10,257,571.25, which is used here as the amount. — debtor: Pathfinder Energy Ltd. | $10.3M | Notice and Statement of the Receiver |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
56 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale approved — The Court approved the Transaction and authorized the Receiver to execute the Sale Agreement with OHM Technology Compute Inc.; vesting occurs on delivery of the Receiver's Closing Certificate.Order of Justice C.D. Simar (Sale Approval and Vesting Order) · 28 Sep 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| OHM Technology Compute Inc.the Company's right, title and interest in and to the assets defined as Purchased Assets in the Sale Agreement · asset sale · nominee/assignee: its nominee or assignee · agreement 21 Sep 2026 | Subscribers | Approved28 Sep 2026outside 15 Jun 2026 | Order of Justice C.D. Simar (Sale Approval and… |
Unsecured creditors: no recovery.EstimatedSecond Report of the Receiver · 21 Sep 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | shortfall | Estimatedper the receiver | Second Report of the Receiver · 21 Sep 2026 |
| Unsecured | — | — | no recoveryconditional | Estimatedper the receiver | Second Report of the Receiver · 21 Sep 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
As at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Application – Returnable September 28, 2026
| PDF · Subscribers | |
Order of Justice C.D. Simar (Approval of Activities)
| PDF · Subscribers | |
Order of Justice C.D. Simar (Sale Approval and Vesting Order)
| PDF · Subscribers | |
Order of Justice C.D. Simar (Sealing Order)
| PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
| Secretarial Affidavit re: Revival | PDF · Subscribers | |
| Affidavit of Ryan Adlington re: Revival | PDF · Subscribers | |
SISP Teaser
| PDF · Subscribers | |
| Application – Returnable February 13, 2026 | PDF · Subscribers | |
Order of Justice Little (SISP Approval)
| PDF · Subscribers | |
Sealing Order of Justice Little
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| First Report of the Receiver | PDF · Subscribers | |
Notice and Statement of the Receiver
| PDF · Subscribers | |
| Desk Application re: Revival | PDF · Subscribers | |
Order of Justice Feasby (Receivership Order)
| PDF · Subscribers | |
SISP Procedure
| PDF · Subscribers | |
Application for Receiver and Manager
| PDF · Subscribers | |
| Bench Brief of the Plaintiff | PDF · Subscribers | |
| Consent to Act | PDF · Subscribers | |
| Affidavit in Support of | PDF · Subscribers | |
| Confidentiality and Non-Disclosure Agreement (NDA) | PDF · Subscribers | |
SISP Procedure – Schedule “1”
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Pathfinder Energy Ltd. and MCK Energy Inc.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/pathfinder-energy-ltd-and-mck-energy-inc
Sources last checked · summary updated 12 August 2026 · Report a correction · Printed from proceedings.ca/case/pathfinder-energy-ltd-and-mck-energy-inc
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.