Alberta · Receivership (court-appointed)
Application
Application / notice of application · 11 June 2024
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What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: The Receiver proposes to make an interim distribution of funds to MPRE up to the maximum amount of $210,000.00 upon the closing of the Transaction. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · cumulative: false · amount high: 210000 · class label: MPRE · creditor name: MPRE GP Dev Inc. · interim final: interim · conditional on: upon the closing of the Transaction · claims qualifier: unstated; basis: actual · quote: Following the closing of the transaction approved in the Approval and Vesting Order granted in these proceedings on June 11, 2024, the Receiver is authorized and directed to make an interim distribution of the subject sale proceeds by paying to MPRE, as the first priority secured creditor of 2399449 Alberta Ltd. the amount of $2,100,000.00. · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 2100000 · cumulative: false · amount high: 2100000 · class label: MPRE, as the first priority secured creditor of 2399449 Alberta Ltd. · creditor name: MPRE · interim final: interim · conditional on: Following the closing of the transaction approved in the Approval and Vesting Order · claims qualifier: unstated · table missing: