Saskatchewan · NOI
Fifth Report of the Proposal Trustee
Court officer report · 15 May 2025
Also filed as: Fifth Report of the Proposal Trustee
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 filing8 verified
- cash on handnote: Sales proceeds of $96,000 from the sale of two further 640 Pumpjack Units (delivered on or around April 29, 2025) are held in trust by ALX's counsel, MLTA. This is not a stated estate cash balance; no overall cash-on-hand figure is given. · amount: 96000 · currency: CAD
- closing confirmedscope: Two more 640 Pumpjack Units · outcome: completed · effective: 2025-04-29 · purchaser: Western Basin Corp. · date basis: stated
- operational summaryALX continues to manufacture and complete remaining 640 pumpjack units for sale to Western Basin, and has auctioned its remaining equipment, pumpjack inventory and the Estevan lands. Both companies filed proposals on April 30, 2025, with creditor meetings set for May 21, 2025.
- purchaserWestern Basin Corp.; JS Truckmart Inc.
- report date15 May 2025
- report noFifth Report
- sale advisorMack Auctions
- sale outcometext: ALX, through Mack, completed the auction of the remaining equipment, Pumpjack Inventory, and Lands on May 13, 2025 · scope: liquidation · status: closed