Proceedings.

RS Technologies

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Active
Proceeding
CCAAsection 23(1)(b) of the CCAA
Court
Court of King's Bench of Alberta
File
1301-02432
Filings held37
Last activity30 Aug 2013
On the record4,823 days
Secured debtSubscribers
OverviewSummary updated

RS Technologies Inc. has been under Companies' Creditors Arrangement Act protection in the Court of King's Bench of Alberta since July 8, 2013, under court file no. 1301-02432, with FTI Consulting Canada Inc. serving as court-appointed monitor. Werklund Capital Corporation and Melbye Skandinavia AS stand as RS Technologies' first secured creditor and as interim lender, and are also the stalking horse bidder. Their Debenture Obligation is estimated at $6,000,000 in principal as at the closing date, exclusive of interest. The Interim Financing Facility carries a maximum amount of up to $2.75 million, of which $600,000 had been drawn as at April 6, 2013, secured by an Interim Lender's Charge ranking ahead of all other encumbrances except the court-approved administrative charge. The proceedings remain active.

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Case updates37 dated entries
#Report

The officer filed report no. Sixth Report of the Monitor. RS's operations continued in the normal course with no material changes, supported by employees, suppliers, and customers, while the Monitor recommended sanction of the approved CCAA Plan following its approval by 100% of voting Affected Creditors.

Source: Sixth Report of the Monitor

34 earlier updates, back to 8 July 2013 — subscribers.

Parties

Debtor

RS Technologies

Monitor

FTI

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice YamauchiCourt of King's Bench of Alberta1 order, Jul 201328 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorFTIMcCarthy Tétrault LLP12 Jul 2013Application · 12 Jul 2013
DebtorRS TechnologiesBlake, Cassels & Graydon LLP12 Jul 2013Application · 12 Jul 2013
CreditorCanadian Western BankMcLennan Ross LLP12 Jul 2013Application · 12 Jul 2013
Creditorcreditors of RS Technologies IncBorden Ladner Gervais LLP12 Jul 2013Application · 12 Jul 2013
CreditorKimberley RobertsonLawson Lundell LLP8 Jul 2013Affidavit · 8 Jul 2013
CreditorWerklund Capital Corporation Melbye Skandinavia ASGowling Lafleur Henderson LLP (now Gowling WLG (Canada) LLP)12 Jul 2013Application · 12 Jul 2013
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredWerklund Capital Corporation / Melbye Skandinavia AS (Werklund/Melbye)as of estimated as at Closing Date — Debenture Obligation - principal amount not including interest — First secured creditor of RS; providing Interim Financing Facility; related party (Stalking Horse Bidder); amount is estimated principal only (Note 1: 'Principal amount of Debenture Obligation not including interest'), presented in $000s in a purchase price estimate table — debtor: RS Technologies Inc.$6MSecond Report of the Monitor
1 more claim across lower-ranking classesSubscribe to view⁠
Sale processAs stated in the filings

3 transactions · 1 proposed · 1 not completed · 1 approved — The Plan was approved by 100% of Affected Creditors voting by proxy; the SISP generated no binding offers other than the ASPASixth Report of the Monitor · 30 Aug 2013

Qualified bids

0

Sixth Report of the Monitor

Stalking horse

Werklund/Melbye

Fifth Report of the Monitor

PurchaserPriceStatusSource
Werklund Capital Corporation and Melbye Skandinavia ASStalking horsethe Transaction contemplated with the Stalking Horse Credit Bid · assets and sharesSubscribersProposedThird Report of the Monitor
Non-Compliant Bidder, unnamed, submitted a non-compliant bid after Phase 1 deadlineacquisition of RS's assets and/or operations by way of a share or assets purchase · auctionnot statedNot completedThird Report of the Monitor
Werklund Capital Corporation and Melybe Skandinavia ASStalking horseeither (i) sell all of a newly created class of voting common shares to Werklund/Melbye conditional upon the approval and implementation of the Plan, or (ii) sell all of its undertaking, property and assets pursuant to an approval and vesting order issued by the Court · assets and shares · agreement 11 Apr 2013not statedApprovedFifth Report of the Monitor
RecoveriesAs stated in the filings

Equity: no distribution.Under the planFifth Report of the Monitor · 22 Aug 2013

ClassCreditorClaimsRecoveryBasisSource
EquityExisting Shareholders—no distributionUnder the planper the monitorFifth Report of the Monitor · 22 Aug 2013

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.

1 stated figure across 1 outcome, each sourcedSubscribe to view⁠
Documents
37 filings
DateDocumentFile
Sixth Report of the Monitor
  • Operational summary RS's operations continued in the normal course with no material changes, supported by employees, suppliers, and customers, while the Monitor recommended sanction of the approved CCAA Plan following its approval by 100% of voting Affected Creditors.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 6 more extracted facts
PDF · Subscribers
Fifth Report of the Monitor
  • Process results 0 qualified bids · as of 21 May 2013
  • Purchaser Werklund Capital Corporation and Melybe Skandinavia AS (stalking horse) · either (i) sell all of a newly created class of voting common shares to Werklund/Melbye conditional upon the approval and implementation of the Plan, or (ii) sell all of its undertaking, property and assets pursuant to an approval and vesting order issued by the Court · assets and shares · approved
  • Recovery outcome Entries: per plan; per liquidation_alternative; per liquidation_alternative; per liquidation_alternative · Stated on: 2013-08-22 · Table missing:
  • Sale outcome Approval pending — No qualified bids other than the ASPA were submitted and the SISP was terminated; the Plan contemplates completion of the ASPA transaction
  • + 1 more extracted fact
PDF · Subscribers
Affidavit of Howard ElliottPDF · Subscribers
Fourth Report of the MonitorPDF · Subscribers
Application of Valuation of Subsequesnt Claim
  • Applicant RS TECHNOLOGIES INC.
  • Appointee FTI Consulting Canada Inc.
  • Appointee role court-appointed monitor
  • Commencement date 8 July 2013
  • + 3 more extracted facts
PDF · Subscribers
Order re Armor Claims ProcessPDF · Subscribers
Tab 1
  • Presiding officer Justice K.D. Yamauchi
PDF · Subscribers
Tab 2PDF · Subscribers
Tab 3PDF · Subscribers
Tab 4PDF · Subscribers
Tab 5PDF · Subscribers
Tab 6PDF · Subscribers
Tab 7PDF · Subscribers
Affidavit of Chelsey ChochranePDF · Subscribers
Affidavit of Darlene DavisPDF · Subscribers
Brief of LawPDF · Subscribers
Affadavit of Howard Elliott
  • Counsel Partner Lawson Lundell LLP
PDF · Subscribers
FTI Letter Re Paragraph 28 of Third Report of the MonitorPDF · Subscribers
Third Report of the Monitor
  • Process results 200 solicited · 0 LOIs · 10 qualified bids · 0 bids · as of 21 May 2013
  • Purchaser Werklund Capital Corporation (stalking horse) · the proposed sales and investor solicitation procedures ('SISP') and accompanying asset and share purchase agreement · assets and shares · proposed; Non-Compliant Bidder, unnamed, submitted a non-compliant bid after Phase 1 deadline · acquisition of RS's assets and/or operations by way of a share or assets purchase · auction · not completed
  • Sale outcome No acceptable bid — SISP terminated after no Non-Binding Indications of Interest received; Monitor to seek approval of Credit Bid Purchase Agreement implementation
  • Stalking horse Subscribers
PDF · Subscribers
Affidavit of Howard Elliott Re Stay ExtensionPDF · Subscribers
SISP Update
  • Purchaser Werklund Capital Corporation and Melbye Skandinavia AS (stalking horse) · the Transaction contemplated with the Stalking Horse Credit Bid · asset sale · proposed
  • Sale outcome No acceptable bid — SISP terminated after no qualified indications of interest; proceeding to close stalking horse credit bid transaction
  • Break fee · Stalking horse Subscribers
PDF · Subscribers
Second Report of the Monitor
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Brief of RS Technologies Inc.PDF · Subscribers
CCAA FAQ'sPDF · Subscribers
First Report of the Monitor
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Affidavit of Carol BenishPDF · Subscribers
Pre-filling Monitor's Report
  • Applicant RS Technologies Inc.
  • Appointee FTI Consulting Canada Inc.
  • Appointee role proposed monitor
  • Court COURT OF QUEEN'S BENCH OF ALBERTA
  • + 4 more extracted facts
PDF · Subscribers
Exhibit APDF · Subscribers
Exhibit BPDF · Subscribers
Exhibit CPDF · Subscribers
Exhibit DPDF · Subscribers
Exhibit EPDF · Subscribers
Exhibit FPDF · Subscribers
Exhibit GPDF · Subscribers
Exhibit HPDF · Subscribers
Exhibit IPDF · Subscribers
Exhibit JPDF · Subscribers

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

CiteProceedings., “RS Technologies” (CCAA), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/rs-technologies

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Sources last checked · summary updated 20 August 2026 · Report a correction · Printed from proceedings.ca/case/rs-technologies

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.