Alberta · CCAA
Approval and Reverse Vesting Order
Reverse vesting order · 27 August 2026
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 filing7 verified
- closing termsClosing is effected upon the Monitor's delivery of the Monitor's Certificate, at which time the Effective Time occurs and the prescribed steps are deemed to occur in sequence.
- order date27 August 2026
- presiding officerJustice Simard
- purchaser2208318 Alberta Ltd.
- residualcoa corporation to be incorporated in advance of the Closing Date of the Transaction
- sale outcometext: The Court approved the share Transaction under the Subscription Agreement with 2208318 Alberta Ltd. and authorized the Applicants to complete it; closing awaits delivery of the Monitor's Certificate. · scope: whole_business · status: approved
- sealed itemsThe Subscription Agreement is attached in redacted form to the First Holmgren Affidavit, and a Confidential Supplement to the Monitor's Third Report was filed.