Alberta · CCAA
Application (Plan Sanction)
Application / notice of application · 16 September 2020
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: 100% of the first $1,500 of each Proven Claim up to the full amount of the Claim (Unsecured Claims of $1,500 or less are 'Convenience Claims' and Unsecured Creditors with Convenience Claims are 'Convenience Class Creditors') · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 1500 · amount high: 1500 · class label: Unsecured Creditor Claims · interim final: unstated · conditional on: 100% of the first $1,500 of each Proven Claim up to the full amount of the Claim; the balance of each Proven Claim in excess of $1,500 on a pro rata basis · claims qualifier: unstated; basis: plan · quote: the secured claim of the Plan Sponsors in respect of $100,000 of indebtedness under the Term Loan Agreement will be settled in exchange for 100,000 New Common Shares in Cequence; · pct of: unstated · outcome: distribution · class key: secured · stated by: debtor · class label: Plan Sponsors (secured claim under Term Loan Agreement) · creditor name: Plan Sponsors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: all existing common shares, warrants and options in Cequence and other Equity Claims will be cancelled and extinguished for no consideration and without any return of capital. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: existing common shares, warrants and options in Cequence and other Equity Claims · interim final: unstated · claims qualifier: unstated · table missing: