Alberta · Receivership (court-appointed)
First Report of the Receiver dated February 26, 2025
Court officer report · 26 February 2025
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What we verified from this filing5 verified
- report date26 February 2025
- report noFirst Report
- operational summarySince its appointment, the Receiver has performed key activities including working with management to continue operations, facilitating funding from the Purchaser through Receiver's Certificates, obtaining information on bank accounts, establishing a virtual data room for due diligence, assisting the Purchaser's due diligence, corresponding with the insurance broker, delivering notice of proceedings to creditors, managing employee matters including intended termination upon closing and administration of WEPPA, preparing a cash flow statement, corresponding with creditors and CRA, negotiating and entering into the APA with legal counsel, maintaining the Case Website, and preparing this Report.
- cash on handamount: 210475 · currency: CAD
- receipts cumulativeamount: 428924 · currency: CAD