Alberta · Receivership (court-appointed)
Approval and Vesting Order (Stikine Resources Ltd. and Kensington Royalty Corp.)
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 occurs upon delivery of a Receiver's Closing Certificate to the Purchasers, subject only to AER approval of transfer of applicable licenses, permits and approvals
- order date31 March 2020
- presiding officerJustice D. B. Nixon
- purchaserStikine Resources Ltd. and Kensington Royalty Corp.
- sale outcometext: Court approved the sale transaction and authorized the Receiver to execute the Sale Agreement; vesting in the Purchasers to occur upon delivery of the Receiver's Closing Certificate · scope: whole_business · status: approved
- sealed itemsUnredacted Sale Agreement filed as Confidential Appendix "D" to the Confidential Supplement to the Third Report