Alberta · Receivership (court-appointed)
Order (Approval and Vesting_ Westdrum Energy Ltd.) - Filed June 30, 2020
Approval and vesting order · 30 June 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
- closing termsVesting occurs upon delivery of the Receiver's Closing Certificate, subject only to AER approval of transfer of licenses, permits and approvals
- order date29 June 2020
- presiding officerJustice K. M. Horner
- purchaserWestdrum Energy Ltd.
- sale outcometext: Court approved the Transaction and authorized the Receiver to execute the Sale Agreement with Westdrum Energy Ltd., vesting the Purchased Assets in the Purchaser (or its nominee) upon delivery of the Receiver's Closing Certificate. · scope: whole_business · status: approved
- sealed itemsConfidential version of the Sale Agreement appended to the Confidential Supplement to the Fourth Report