Alberta · Receivership (court-appointed)
Order: Approval and Vesting Pine Cliff Energy Ltd.
Approval and vesting order · 26 October 2020
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 filing6 verified
- closing termsVesting occurs upon delivery of the Receiver's Closing Certificate, subject only to AER approval of transfer of applicable licences, permits and approvals.
- order date26 October 2020
- presiding officerJustice K. M. Eidsvik
- purchaserPine Cliff Energy Ltd.
- sale outcometext: Court approves the sale transaction between the Receiver and Pine Cliff Energy Ltd. and vests the Purchased Assets in the Purchaser (or its nominee) upon delivery of the Receiver's Closing Certificate. · scope: whole_business · status: approved
- sealed itemsThe unredacted Sale Agreement is filed in a Confidential Supplement to the Fifth Report; the order describes it as confidential.