Alberta · Receivership (court-appointed)
Affidavit of S. Charland
Affidavit · 5 February 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing2 verified
- secured creditorsnote: Convertible Note Agreement dated Aug 23, 2024 with Funding Amount up to $12,000,000 (facility limit); Advance Notice Nov 15, 2024 for $4,025,200 Convertible Note (principal advanced, prose approximation); exact balance per Jan 29, 2025 demand/default notice used as amount. · page: 6 · as of: 2025-01-29 · amount: 4103997.26 · debtor: Beta Energy Corp. · creditor: Apex Opportunities Fund Ltd. · currency: CAD · security: General Security Agreement (Nov 15, 2024) over all present and after-acquired personal property; registered as first-priority charge at AB and BC PPR (Nov 19, 2024)
- secured creditorsnote: Kaden liable as Guarantor (Guarantee dated Nov 15, 2024) and primary obligor under Debenture for Beta's indebtedness (Indebtedness) by operation of Guarantee and Debenture; same underlying Indebtedness as Beta entry. · page: 6 · as of: 2025-01-29 · amount: 4103997.26 · debtor: Kaden Energy Ltd. · creditor: Apex Opportunities Fund Ltd. · currency: CAD · security: Debenture dated Nov 15, 2024 (principal amount $12,000,000, registration ceiling, not a balance) granting security interest in Kaden's after-acquired personal and real property including petroleum leases, wells, royalties, etc.; General Security Agreement (Nov 15, 2024); GSA and Debenture registered against Kaden at AB and BC PPR (Nov 19, 2024) as first-in-time registrations securing all present and after-acquired property