For further information contact:

 

Andrew Pappel

Phone: 604-638-4947

apappel@bowragroup.com

 

 

British Columbia Discovery Fund Inc. (formerly British Columbia Discovery Fund (VCC) Inc.) - Liquidation

 
Overview:

 

British Columbia Discovery Fund (VCC) Inc. (the “Fund”) was formed in 2002 as a vehicle to invest in eligible small businesses as part of the venture capital program started by the government of British Columbia. The Fund has held portfolio companies in a variety of sectors including mobile, information and clean technologies. 

On June 24, 2020, the shareholders approved the wind-up and voluntary liquidation of the Fund pursuant to the Business Corporations Act of British Columbia including appointment of The Bowra Group Inc. as liquidator subject to certain regulatory approvals and conditions precedent.  

File Updates:

Effective December 1, 2020, the Fund confirmed regulatory approval had been obtained and handed control of the Fund to The Bowra Group Inc., as liquidator (the “Liquidator”). The Fund also formally changed its name to British Columbia Discovery Fund Inc. (“BCDF”).

The Liquidator assumed control of BCDF to conduct the voluntary liquidation, which will involve the settlement of BCDF’s obligations, disposition of its remaining assets, and making final distributions to shareholders. The Liquidator will dispose of BCDF’s portfolio assets when liquidity events or secondary trading opportunities arise pursuant to the terms of the information circular or other directions from the Court.  

Copies of the press releases and the information circular are available under the sections BCDF – Press Releases, and BCDF – Documents on this webpage. 

 

BCDF – Press Releases
  1. December 1, 2020

  2. June 25, 2020

  3. May 28, 2020

 

BCDF – Documents
  1. Information Circular

Vancouver Office: 

PO Box 72, Bentall One

505 Burrard Street, Suite 430

Vancouver, B.C.  V7X 1M3

Tel: 604 689 8939

Fax: 604 689 8584

Edmonton Office: 

TD Tower

Suite 1411 – 10088 102 Avenue

Edmonton, AB T5J 2Z1

Tel: 780 809 1224

Fax: 780 705 1946

 

 
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© The Bowra Group.