Alberta · Receivership (court-appointed)
Originating Application - Receivership
Application / notice of application · 5 February 2025
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 filing2 verified
- secured creditorsnote: Convertible notes purchased Nov 15, 2024 for $4,025,200 (up to $12,000,000 facility limit under Convertible Note Funding Agreement); amount continues to accrue interest and fees per demand letter · page: 4 · as of: 2025-01-29 · amount: 4103997.26 · debtor: Beta Energy Corp. · creditor: Apex Opportunities Fund Ltd. · currency: CAD · security: General Security Agreement (all present and after-acquired personal property); Debenture (Kaden only, all present/after-acquired personal and real property and oil and gas interests); Guarantee from Kaden
- secured creditorsnote: Kaden indebted as guarantor/via Debenture for same Indebtedness as Beta · page: 4 · as of: 2025-01-29 · amount: 4103997.26 · debtor: Kaden Energy Ltd. · creditor: Apex Opportunities Fund Ltd. · currency: CAD · security: Debenture (all present and after-acquired personal and real property, well sites and oil and gas interests); General Security Agreement; Guarantee of Beta's debts