Alberta · Bankruptcy
First Report of the Proposal Trustee
Court officer report · 7 February 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
- operational summaryThe Company continues to operate under NOI proceedings while pursuing a sale and marketing process (SISP) to sell its business/assets, with tight liquidity constraints requiring interim financing to fund operations and complete the sales process.
- process resultsbids: 6 · ndas: 22 · note: Figures from the earlier Pre-NOI Marketing Process conducted by Canaccord · as of: 2019-01-29 · solicited: 53
- report date28 November 2019
- report noFirst Report
- sale advisorCanaccord Genuity
- sale outcometext: Proposed Sale and Investment Solicitation Process created to canvass third parties and identify a successful bid, subject to Court approval · scope: whole_business · status: process_approved