Alberta · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 21 September 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 filing6 verified
- secured creditorsnote: Approximate amount stated in Affidavit in Support of a Receivership sworn October 3, 2025, together with interest and other expenses incurred by RBC; RBC confirmed as the only secured creditor with PPSA registrations against the Companies as at November 5, 2025; MCK is a related holding company that guaranteed Pathfinder's debts to RBC (personal/corporate guarantee - related party); Transaction will not fully repay RBC, resulting in a shortfall to RBC · page: 12 · as of: 2025-10-03 · amount: 10800000 · debtor: Pathfinder Energy Ltd. and MCK Energy Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Various credit agreements; PPSA registrations against Pathfinder and MCK confirmed valid and enforceable as at November 5, 2025
- process resultsbids: 2 · lois: 13 · ndas: 29 · note: By the Revised Phase 2 Bid Deadline, a total of 2 Binding Bids were received, which were subsequently confirmed as Qualified Bids. · as of: 2026-06-12 · solicited: 83 · qualified bids: 2
- purchaserOhm Technology Compute Inc.
- recovery outcomeentries: basis: estimated · quote: The Transaction will not fully repay the amounts owed to the Secured Creditor, such that the Secured Creditor will sustain a shortfall, although there will still be a significant recovery to the Secured Creditor. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Secured Creditor · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: No recoveries are anticipated for unsecured creditors or equity, subject to any claims of Tekh yet to be determined. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · conditional on: subject to any claims of Tekh yet to be determined · claims qualifier: unstated; basis: estimated · quote: No recoveries are anticipated for unsecured creditors or equity, subject to any claims of Tekh yet to be determined. · pct of: unstated · outcome: nil · class key: equity · stated by: receiver · class label: equity · interim final: unstated · conditional on: subject to any claims of Tekh yet to be determined · claims qualifier: unstated · stated on: 2026-09-21 · table missing:
- sale advisorTwelveSix Services Ltd.
- sale outcometext: The Receiver determined that the Qualified Bid presented by Ohm Technology constituted the superior offer and selected it as the Successful Bid; the Transaction is now pending Court approval. · scope: whole_business · status: pending_approval