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0989705 B.C. Ltd., Alderbridge Way GP Ltd. and Alderbridge Way Limited Partnership – CCAA


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.


File Updates

On April 11, 2022, the Court extended the Stay Period until April 25, 2022.

On April 25, 2022, the Court:

  1. Extended the Stay Period until August 3, 2022.
  2. Discharged A&M as Monitor and appointed The Bowra Group Inc. as Monitor.
  3. Approved a sales and investment solicitation process (“SISP”).

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.

Sale of Assets

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:

  1.  Process commencement – April 26, 2022
  2.  LOI Deadline – May 18, 2022
  3.  Bid Process Commencement – May 24, 2022
  4.  Final Bid Deadline – June 22, 2022
  5.  Final Agreement Deadline – July 4, 2022
  6.  Outside Closing Date – July 27, 2022

The Monitor, with the consent of Romspen Investment Corporation has extended the following dates with respect to the SISP:

  1. Final Bid Deadline – from August 5 (originally June 22) to August 10, 2022
  2. Final Agreement Deadline – from August 17 (originally July 4) to August 22, 2022
  3. Outside Closing Date – from  September 9 (originally July 27) to September 14, 2022

Cushman Brochure

Interested parties should contact:

Kevin Meikle – 604-640-5859 / kevin.meikle@cushwake.com or

Edgar Buksevics – 604-640-5834 / edgar.buksevics@cushwake.com


Creditor's Information


Court Orders

Monitor's Reports

Motion Materials


Service List