This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
On May 20, 2016, 101133330 Saskatchewan Ltd. and 101149825 Saskatchewan Ltd. (collectively the “Applicants”) filed an application in the Court of Queen’s Bench for Saskatchewan (the “Court”) and commenced Court supervised restructuring proceedings under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”). On the same day, the Court granted an order (the “Initial Order”), which, among other things, provided for a stay of proceedings (the “Stay Period”) which prevents any creditor of the Applicants from taking any proceedings against the Applicants and permits the Applicants to remain in control of their assets and to continue to carry on business during the restructuring period. The Stay Period may be extended by the Court from time to time on such terms and with such modifications as the Court considers appropriate.
A Court hearing was held on June 1, 2018 at which time the Court issued an Order extending the Stay Period to October 1, 2018.
As a term of the Initial Order, Deloitte Restructuring Inc. was appointed as Monitor (the “Monitor”) in the CCAA proceedings to oversee the operations of the Applicants during the restructuring. During the Stay Period, all parties are prohibited from commencing or continuing any legal action against the Applicants and all rights and remedies of any party against or in respect of the Applicants or their assets are stayed and suspended except with the written consent of the Applicants and the Monitor, or leave of the Court. To date, no claims procedure has been approved by the Court and the creditors are therefore not required to file a proof of claim at this time. If the Applicants file a plan of compromise or arrangement, the Monitor will invite creditors to submit their proofs of claim against the Applicants at that time.
If you have any questions regarding this matter, please contact Deloitte Restructuring Inc. at the following address: Deloitte Restructuring Inc. PCS Tower, Suite 400122 – 1st Avenue SouthSaskatoon, SK S7K 7E5 Attention: John Fritz Telephone: (306) 343-4200Fax: (306) 343-4240Email: email@example.com If you would like to receive notice of all further proceedings in relation to this matter, please forward a written request to:101133330 Saskatchewan Ltd. and 101149825 Saskatchewan Ltd.C/O McDougall Gauley LLP500-616 Main StreetSaskatoon, SK S7H 0J6 Attention: Craig Frith
Telephone: (306) 665-5432Fax: (306) 664-4431Email: firstname.lastname@example.org
If you fail to forward a written request to the above referenced person indicating that you request further notice of the proceedings you will not receive, nor will you be entitled to receive, any further notice of the proceedings.
Jun 4, 2018