On April 1, 2022, 0989705 B.C. Ltd., Alderbridge Way GP Ltd., and Alderbridge Way Limited Partnership (collectively, “Alderbridge”), were granted an initial order (the “Initial Order”) to commence proceedings (the “CCAA Proceedings”) under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”). Pursuant to the Initial Order, Alvarez & Marsal Canada Inc. was appointed as monitor (the “Monitor” or “A&M”) in the CCAA Proceedings.
The Initial Order granted a stay of proceedings until April 11, 2022 (the “Stay Period”) and provided that during the Stay Period, no proceedings may be commenced against Alderbridge.
On April 25, 2022, The Bowra Group Inc. replaced A&M as Monitor.
On April 11, 2022, the Court extended the Stay Period until April 25, 2022.
On April 25, 2022, the Court:
The Monitor has engaged Cushman & Wakefield ULC as the sales agent to assist with the SISP.
On July 22, 2022, the Court extended the Stay Period until August 12, 2022.
The Monitor engaged Cushman & Wakefield ULC (“Cushman”) to assist with the SISP. Interested parties should contact Cushman to obtain and execute a copy of the non-disclosure agreement (“NDA”) in order to access the due diligence data room. The key dates for the SISP are as follows:
The Monitor, with the consent of Romspen Investment Corporation has extended the following dates with respect to the SISP:
Interested parties should contact:
Kevin Meikle – 604-640-5859 / firstname.lastname@example.org or
Edgar Buksevics – 604-640-5834 / email@example.com