Alberta · Receivership (court-appointed)
Approval and Vesting Order (Sun Century Petroleum Corporation)
Approval and vesting order · 31 March 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 is effective upon delivery of the Receiver's certificate to the Purchaser, subject only to AER approval of transfer of applicable licences, permits and approvals.
- order date31 March 2020
- presiding officerJustice D. B. Nixon
- purchaserSun Century Petroleum Corporation
- sale outcometext: The Court approved the sale transaction with Sun Century Petroleum Corporation and vested the Purchased Assets in the Purchaser (or its nominee) upon delivery of the Receiver's certificate. · scope: whole_business · status: approved
- sealed itemsUnredacted Sale Agreement appended to the Confidential Supplement to the Third Report as Confidential Appendix E