Worldplay Communications Inc. and Worldplay (Canada) Inc.
Follow- Proceeding
- NOIsubsection 50.4(1) of the Bankruptcy and Insolvency Act
- File
- 25-3111397, 25-3111393
Worldplay Communications Inc. and Worldplay (Canada) Inc. are the subjects of insolvency proceedings in Alberta commenced by a notice of intention to make a proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act, dated July 30, 2024. Ernst & Young Inc. acts as Licensed Insolvency Trustee. The matter proceeds under court file no. 25-3111397 and remains active as against both entities.
The court granted a reverse vesting order in favour of Todd Greiner, Kevin Reinhart, Joel Van Dusen, Ashley Webster and Sean Quinn.
8 earlier updates, back to 16 September 2024 — subscribers.
Debtor
Worldplay Communications Inc. and Worldplay (Canada) Inc.
Proposal trustee
EY
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Claims of Employeesas of NOI filing date — May include preferred wage claims not separately identified — debtor: Worldplay (Canada) Inc. | $187K | Worldplay (Canada) Inc. - Notice to Creditors - 31 July 2024 |
5 transactions · 3 proposed · 1 approved · 1 closed — The Agreement and the Transaction (including the Reorganization) are hereby approvedFiled Approval and Reverse Vesting Order · 21 Aug 2024
Stalking horse
Todd Grenier, Kevin Reinhart, Joel Van Dusen, Ashley Webster, and Sean Quinn · Subscribers
| Purchaser | Price | Status | Source |
|---|---|---|---|
| group of purchasers under Stalking Horse Agreement, unnamedall of the equity interests in the capital of Worldplay · share subscription · agreement 30 Jul 2024 | Subscribers | Proposed | Trustee's SISP Opportunity Letter |
| Stalking Horse Bidder, a group of purchasers, unnamedthe Purchased Shares (as defined in the Stalking Horse Bid), on the terms and conditions set out in the Stalking Horse Bid, with the existing equity interests being cancelled on closing such that Stalking Horse Bidder would become the sole shareholder of Worldplay · share subscription · agreement 30 Jul 2024 | Subscribers | Proposed | Procedures for the Sale and Investment… |
| Todd Grenier, Kevin Reinhart, Joel Van Dusen, Ashley Webster, and Sean QuinnStalking horsethe Common Shares · share subscription · agreement 31 Jul 2024 | Subscribers | Proposed | First Report of the Proposal Trustee |
| Todd Greiner, Kevin Reinhart, Joel Van Dusen, Ashley Webster and Sean Quinnthe issuance by Worldplay, and the subscription for and purchase by the Purchasers of, the Purchased Shares · share subscription · ResidualCo: 2636056 Alberta Ltd. ("Newco") · agreement 31 Jul 2024 | Subscribers | Approved21 Aug 2024 | Filed Approval and Reverse Vesting Order |
| unnamedthe Transaction | not stated | Closed16 Sep 2024 | Trustee's Certificate |
Cumulative receipts
$4.12K
As at 19 Aug 2024First Report of the Proposal Trustee
| Date | Document | File |
|---|---|---|
Trustee's Certificate
| PDF · Subscribers | |
Administration Charge Approval and Stay Extension Order
| PDF · Subscribers | |
Filed Approval and Reverse Vesting Order
| PDF · Subscribers | |
First Report of the Proposal Trustee
| PDF · Subscribers | |
Procedures for the Sale and Investment Solicitation Process
| PDF · Subscribers | |
| Stalking Horse Subscription Agreement | PDF · Subscribers | |
Trustee's SISP Opportunity Letter
| PDF · Subscribers | |
Worldplay (Canada) Inc. - Certificate for the Notice of Intention - 30 July 2024
| PDF · Subscribers | |
Worldplay (Canada) Inc. - Notice to Creditors
| PDF · Subscribers | |
Worldplay Communications Inc. - Certificate for the Notice of Intention - 30 July 2024
| PDF · Subscribers | |
Worldplay Communications Inc. - Notice to Creditors
| 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., “Worldplay Communications Inc. and Worldplay (Canada) Inc.” (NOI), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/worldplay-communications-inc-and-worldplay-canada-inc