Alberta · Interim receivership
Receiver's First Report
Court officer report · 29 June 2026
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What we verified from this filing8 verified
- operational summaryThe Receiver has secured and recovered Excalibur's assets, terminated employees, determined the Wheatland Project is not worth completing, and is pursuing an auction sale of substantially all assets via McDougall.
- process resultsbids: 5 · note: Five proposals/offers received, including proposals/offers from auctioneers. · as of: 2026-06-03
- purchaserprice: note: NMG proposal from McDougall; amounts detailed only in sealed First Confidential Supplement · sealed: true · scope: Excalibur's assets subject to the terms of the ASA · status: proposed · name note: end purchasers at auction, unnamed · structure: auction · name source: operative · relationship: unstated
- recovery outcomeentries: basis: estimated · quote: Excalibur has advised that sale proceeds are expected to be settled within approximately 21 days following the auction, and that secured lienholders will be paid in full on each applicable asset prior to any distribution of proceeds to Excalibur. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: secured lienholders · interim final: unstated · claims qualifier: unstated · table missing:
- report date29 June 2026
- report noFirst Report
- sale advisorMcDougall Auctioneers Ltd.; Ritchie Bros Auctioneers (Canada) Ltd.
- sale outcometext: The Receiver recommends that the McDougall proposal incorporating the NMG option be accepted · scope: whole_business · status: bid_selected