What we verified from this filing5 verified
- commencement date18 May 2017
- courtCOURT OF QUEENS BENCH OF ALBERTA
- court file no1701-05884
- presiding officerJustice Jones
- recovery outcomeentries: basis: plan · quote: Immediately following the Implementation Date, Convenience Creditors will be paid the full amount of their Proven Claims (as reduced, if applicable). · pct of: proven_claims · outcome: paid_in_full · class key: unsecured · stated by: debtor · class label: Convenience Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Immediately following the Implementation Date, each Unsecured Creditor that is not a Convenience Creditor will be paid $0.10 for every $1.00 of the Unsecured Creditor's Proven Claim, in full and final satisfaction of the Unsecured Creditors' Unsecured Claims. · pct of: proven_claims · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: debtor · class label: Unsecured Creditors that are not Convenience Creditors · interim final: unstated · cents on dollar: 10 · claims qualifier: unstated; basis: estimated · quote: It is anticipated that immediately following implementation of this Proposal, the Debentureholders will hold approximately 75.5% of the issued and outstanding share capital of the Parent, and 197 will hold the balance. · pct of: unstated · outcome: distribution · pct low: 75.5 · pct high: 75.5 · class key: secured · stated by: debtor · class label: Debentureholders · interim final: unstated · conditional on: If the anti-dilution provisions of the Lender Preference Shares are not triggered · claims qualifier: unstated; basis: estimated · quote: If the anti-dilution provisions of the Lender Preference Shares are triggered, the Debentureholders will hold approximately 39% to 45% of the issued and outstanding share capital of the Parent, 197 will hold approximately 13% to 15% of the issued and outstanding share capital of the Parent, and new investors and employees will hold the balance. · pct of: unstated · outcome: distribution · pct low: 39 · pct high: 45 · class key: secured · stated by: debtor · class label: Debentureholders · interim final: unstated · conditional on: If the anti-dilution provisions of the Lender Preference Shares are triggered · claims qualifier: unstated · table missing: