Alberta · CCAA
Creditor Package – ResidualCo
Meeting materials · 19 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 filing1 verified
- financial positionnote: Statement of Affairs reports a deficiency of -19,991,418.15 and, on the same page, a 'Surplus' of 19,991,418.15 (apparent form inconsistency). Liabilities breakdown: secured creditors 1.00; preferred creditors 0.00; unsecured creditors 19,991,417.15; contingent/trust claims 0.00. Trustee states: 'there are no assets available within the ResidualCo estate and, as a result, there will be no recoveries to unsecured creditors.' Debtor states: 'This has no viable future and no assets.' · as at: 2025-12-19 · basis: Statement of Affairs (Form 78) as stated and estimated by the bankrupt/debtor; the cash-on-hand line shows a $1.00 placeholder value with 0.00 estimated realizable value · scope: 102218200 Saskatchewan Inc. (ResidualCo), the successor residual-liabilities entity of Royal Helium Ltd., Imperial Helium Corp. and Royal Helium Exploration Limited · currency: CAD · total assets: 0 · total liabilities: 19991418.15