On November 29, 2016, Parkland Airport Development Corporation (the "Company")
obtained an initial order from the Court of Queen's Bench of Alberta pursuant to the Companies'
Creditors Arrangement Act (the "CCAA") under Court file no. 1603 20319. The
Initial Order provides for a stay of proceedings until December 28, 2016 (the
"Stay"), pursuant to which creditors are restrained from
enforcing or exercising any rights or remedies against the Company. The Stay has been granted to give the Company time to determine if it can formulate a plan of arrangement (the "Plan") to present to its creditors. Under the CCAA, the Stay may be extended on such terms and with such modifications as the Court considers appropriate.Deloitte Restructuring Inc. (the “Monitor”) was
appointed by the Court as the Monitor in the CCAA proceedings. The Monitor's duties are set out in the Initial Order and include the following:Monitoring the Company's operations and cash flow during the CCAA proceedings;Reporting to the Court as to the Company's restructuring efforts and compliance with the Initial Order; andAdvising the Court and the creditors as to the reasonableness and fairness of any Plan that may be proposed by the Company to its creditorsThe Initial Order, a listing of creditors, as
represented by the Company, and other publicly available documents can be
accessed on this webpage. Interested parties are encouraged to check this page for updates as to the status of CCAA proceedings.
further information, you may also contact the Monitor at the address as
follows:Deloitte Restructuring Inc.1500 Manulife Place10180 101 Street Edmonton, AB T5J 4K1Attention: Garrett ChanEmail: email@example.comPhone: 780-421-3759Fax: 780-421-3782
Jan 31, 2021