The Bowra Group Inc. was appointed Liquidator (the “Liquidator”) of WEQ Holdings Inc., (“WEQ”), formerly WesternOne Inc., on December 17, 2018 pursuant to an order of the Supreme Court of British Columbia (the “Liquidation Order”).
The Supreme Court of British Columbia also granted an order on December 17, 2018 detailing the claims procedure to be followed in the Liquidation of WEQ (the “Claims Procedure Order”).
Copies of the Liquidation Order and Claims Procedure Order are available under WEQ – Court Documents section of this webpage.
Pursuant to the terms of the Claims Procedure Order a copy of the Claims Procedure Notice and Proof of Claim Form are available under WEQ – Claims Procedure section of this webpage.
VANCOUVER, BC (July 30, 2021) WEQ Holdings Inc. (formerly WesternOne Inc.) (“WEQ” or the “Corporation”) by The Bowra Group Inc. in its capacity as the Court-appointed liquidator of WEQ (the “Liquidator”), today provided an update pursuant to an order of the Supreme Court of British Columbia (the “Court”) dated December 16, 2020 (the “2020 Court Order”), approving the discharge of the Liquidator on certain conditions. A Liquidation Plan dated December 17, 2018 (the “Liquidation Plan”) was approved by the Court pursuant to an Order dated December 17, 2018 (the “Liquidation Order”).
The Liquidator received from the Director appointed under the Canada Business Corporations Act a certificate of dissolution effective June 26, 2021, resulting in the deemed cancellation of all of WEQ’s issued and outstanding common shares pursuant to the 2020 Court Order. The Liquidator has resolved the remaining known outstanding matters relating to its liquidation including filing of the final tax return of WEQ and obtaining a final tax clearance certificate from the Canada Revenue Agency. At this point, the Liquidator considers the WEQ liquidation to be substantively complete; however, the Liquidator shall continue to act as Liquidator for the performance of any incidental duties that may arise.