Proceedings.

Robus Resources Inc.

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Proceeding
Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act, and sections 13(2) of the Judicature Act, 99(a) of the Business Corporations Act, and 65(7) of the Personal Property Security Act
Court
Court of King's Bench of Alberta
File
2201-01016
Industry
Energy · Oil & gas production
Filings held37
Last activity3 May 2023
On the record1,668 days
Secured debtSubscribers
OverviewSummary updated

Robus Resources Inc. has been in court-appointed receivership since April 12, 2022, when the Court of King's Bench of Alberta, in court file 2201-01016, appointed Alvarez & Marsal Canada Inc. interim receiver and receiver and manager on the application of Robus Services LLC under section 243(1) of the Bankruptcy and Insolvency Act and sections 13(2) of the Judicature Act, 99(a) of the Business Corporations Act and 65(7) of the Personal Property Security Act. Estimated book values as at April 12, 2022 put assets at $17,188,246 and liabilities at $12,548,973, split between $6,024,350 secured and $6,524,623 unsecured; an asset retirement obligation of approximately $3.5 million sits outside the property total. Robus Services LLC, a related party, holds the largest secured claim at $5,836,449.78.

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Case updates37 dated entries
#Order

The court granted Robus Services LLC's application and put Robus Resources Inc.'s property under Alvarez & Marsal Canada Inc. as interim receiver and receiver and manager.

Source: Consent Receivership Order

Parties

Debtor

Robus Resources Inc.

Receiver

Alvarez & Marsal

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice RomaineCourt of King's Bench of Alberta1 order, May 202391 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverAlvarez & MarsalBurnet Duckworth & Palmer LLP · Cassels Brock & Blackwell LLP24 Jan 2023Order · 24 Jan 2023
DebtorRobus Resources Inc.Burnet Duckworth & Palmer LLP24 Jan 2023Order · 24 Jan 2023
CreditorPamoco Resources LtdMiller Thomson LLP · Mil I FR THOMSON LLP13 Jan 2023Order · 24 Jan 2023
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredROBUS SERVICES LLCRelated party claims to be owed $14,986,216.76 USD as of January 27, 2022 (disputed/differing amount per creditor's claim vs. books and records figure) — debtor: Robus Resources Inc. · as of 12 Apr 2022$5.84MNotice and Statement of the Receiver
4Secured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

128 more claims in 2 classes The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

Sale closed — No Qualified Bid was received by the bid deadline, so the Stalking Horse Bidder was the Successful Bidder and the Stalking Horse Transaction closed on February 28, 2023.Third Report of the Receiver - A&M (Cassels), dated April 24, 2023 · 24 Apr 2023

NDAs signed

6

Third Report of the Receiver - A&M (Cassels), dated…

Qualified bids

0

Third Report of the Receiver - A&M (Cassels), dated…

Stalking horse

Robus Equity Acquisition Corporation

Third Report of the Receiver - A&M (Cassels), dated…

PurchaserPriceStatusSource
Robus Equity Acquisition CorporationStalking horseTransaction under the Stalking Horse Term Sheet: Transferred Assets and Transferred Liabilities to the Trust; Retained Assets and Retained Liabilities retained by the Debtor · share subscription · nominee/assignee: nominee of Robus Services LLC ("RSLLC") and Blue Fin Group LLP ("Blue Fin") · ResidualCo: Robus Resources Creditor Trust · agreement 8 Dec 2022SubscribersClosed28 Feb 2023Third Report of the Receiver - A&M (Cassels),…
AdvisorsAlvarez & Marsal Canada Inc. (sale agent); Sayer Energy Advisors (financial advisor)Third Report of the Receiver - A&M (Cassels), dated April 24, 2023
Closing termsThe Trust commences on the date the RVO Transaction closes and terminates no later than three months thereafter, extendable by the Trustee by notice filed with the CourtApproval and Reverse Vesting Order (Cassels), filed December 22, 2022
Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
37 filings
DateDocumentFile
Order Approving Professional Fees, et al (Cassels), filed May 3, 2023
  • Presiding officer Justice B.E.C. Romaine
PDF · Subscribers
Application of Alvarez and Marsal (Cassels), returnable May 2, 2023PDF · Subscribers
Third Report of the Receiver - A&M (Cassels), dated April 24, 2023
  • Closing confirmed Closed · 28 Feb 2023 · Robus Equity Acquisition Corporation
  • Process results 6 NDAs · 0 qualified bids · as of 9 Feb 2023
  • Purchaser Robus Equity Acquisition Corporation (stalking horse) · nominee/assignee nominee of Robus Services LLC ("RSLLC") and Blue Fin Group LLP ("Blue Fin") · all of the assets of Robus (the 'Retained Assets'), acquired indirectly through issuance of the New Common Shares, except assets transferred to the Creditor Trust · share subscription · closed
  • Sale advisor Sayer Energy Advisors (financial advisor)
  • + 2 more extracted facts
PDF · Subscribers
Receiver’s RVO Certificate, filed February 28, 2023
  • Closing confirmed Closed · date not stated · Robus Equity Acquisition Corporation
  • Sale outcome Sale closed — The Receiver certifies that the Purchase Price has been paid and received, closing conditions satisfied or waived, and the Transaction completed.
PDF · Subscribers
Consent Order
  • Counsel Burnet, Duckworth & Palmer LLP
PDF · Subscribers
Application re Pamoco (Miller Thomson) returnable January 18, 2023PDF · Subscribers
Brief of Argument of Robus Services LLCPDF · Subscribers
Brief of Law of PamocoPDF · Subscribers
Affidavit of Angeline Gagnon, sworn January 17, 2023PDF · Subscribers
Affidavit of John Amundson, sworn January 16, 2023PDF · Subscribers
Bench Brief of ReceiverPDF · Subscribers
Reply Brief of Pamoco
  • Counsel Mil I FR THOMSON LLP
PDF · Subscribers
Affidavit No.1 of David Kittay (January 12, 2023)PDF · Subscribers
Second Report of the Receiver - A&M (Cassels), dated January 12, 2023 Part I of III
  • Purchaser Robus Equity Acquisition Corporation (credit bid) · nominee/assignee REAC (Robus Equity Acquisition Corporation), a nominee of Robus Services LLC and Blue Fin Group LLP · the transaction outlined in the Stalking Horse Bid · share sale · back-up bid
  • Sale outcome Back-up bid approved — sale and investment solicitation process approved with stalking horse credit bid and RVO to implement if no superior offer received
  • Stalking horse Subscribers
PDF · Subscribers
Second Report of the Receiver - A&M (Cassels), dated January 12, 2023 Part II of IIIPDF · Subscribers
Second Report of the Receiver - A&M (Cassels), dated January 12, 2023 Part III of IIIPDF · Subscribers
Affidavit of Terry O'Connor (Miller Thomson), sworn January 9, 2023PDF · Subscribers
Approval and Reverse Vesting Order (Cassels), filed December 22, 2022
  • Closing terms The Trust commences on the date the RVO Transaction closes and terminates no later than three months thereafter, extendable by the Trustee by notice filed with the Court
  • Purchaser Robus Equity Acquisition Corporation (stalking horse) · Transaction under the Stalking Horse Term Sheet: Transferred Assets and Transferred Liabilities to the Trust; Retained Assets and Retained Liabilities retained by the Debtor · share sale · approved
  • Residualco Robus Resources Creditor Trust (trust)
  • Sale outcome Sale approved — The Court granted an Approval and Reverse Vesting Order on December 14, 2022 approving the Stalking Horse Term Sheet; the Transaction has not yet closed
  • + 1 more extracted fact
PDF · Subscribers
Order Approving Sales Process, Stalking Horse Term Sheet, etc. (Cassels), filed December 22, 2022PDF · Subscribers
Application of Alvarez and Marsal (Cassels), returnable December 14, 2022PDF · Subscribers
Application re Post-Filing CostsPDF · Subscribers
Bench Brief of Enerplus CorporationPDF · Subscribers
Consent Order (Post-Receivership Enerplus Costs)PDF · Subscribers
Bench Brief of the ReceiverPDF · Subscribers
First Report of the Receiver - A&M (Cassels) (December 8, 2022)
  • Purchaser Robus Equity Acquisition Corporation (stalking horse) · the Purchased Shares and Retained Assets · assets and shares · proposed
  • Sale advisor Alvarez & Marsal Canada Inc. (sale agent)
  • Sale outcome Sale process approved — Sale process approved with stalking horse bid; sale process certificate contemplated to certify no Superior Offers received
  • Stalking horse Subscribers
PDF · Subscribers
Affidavit of Derek Lynn (December 7, 2022)PDF · Subscribers
Notice and Statement of the Receiver
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Consent Receivership Order
  • Applicant Robus Services LLC
  • Appointee Alvarez & Marsal Canada Inc.
  • Appointee role interim receiver and receiver and manager
  • Commencement date 12 April 2022
  • + 4 more extracted facts
PDF · Subscribers
Letter to Justice Yamauchi (April 12, 2022)
  • Applicant Robus Services LLC
  • Appointee Alvarez & Marsal Canada ULC
  • Appointee role Proposed Receiver
  • Court COURT OF QUEEN'S BENCH OF ALBERTA
  • + 1 more extracted fact
PDF · Subscribers
Book of Authorities of Robus Services LLC (January 31, 2022)PDF · Subscribers
Brief of Argument of Robus Services LLC (January 31, 2022)PDF · Subscribers
Receivership Application (January 31, 2022)
  • Applicant Robus Services LLC
  • Appointee Alvarez & Marsal Canada Inc.
  • Appointee role receiver and manager
  • Commencement date 31 January 2022
  • + 3 more extracted facts
PDF · Subscribers
Affidavit of R. Brantman (January 27, 2022)PDF · Subscribers
Affidavit of R. Brantman, Exhibit A - BPDF · Subscribers
Affidavit of R. Brantman, Exhibit DPDF · Subscribers
Affidavit of R. Brantman, Exhibit E-IPDF · Subscribers
Affidavit of R. Brantman, Exhibit CPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Robus Resources Inc.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/robus-resources-inc

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Sources last checked · summary updated 1 September 2026 · Report a correction · Printed from proceedings.ca/case/robus-resources-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.