For further information contact:

 

Doug Chivers  

Phone: 780-705-1717

dchivers@bowragroup.com

Weldworld Corp. 

 

Overview:
 

The Bowra Group Inc. was appointed Receiver Manager (the “Receiver”) of Weldworld Corp. (“Weldworld”) on July 7, 2020 pursuant to a Court Order of the Court of Queen’s Bench of Alberta.  

 

Weldworld is a private company incorporated under the laws of the Province of Alberta. They supply a wide range of welding equipment, industrial gases and safety supplies from various manufacturers.  The Receiver will be running a going concern sales process and will post the Request for Proposals when prepared.

File Updates: 

The Bowra Group Inc. in it’s capacity as the Receiver of the Company, is seeking offers to purchase going concern operation and/or assets of the Company consisting of:

  • Gas cylinders; 

  • Corporate vehicles; 

  • Forklifts; 

  • Sea-cans;

  • Pallet jacks; 

  • Liquid and gas storage tanks; 

  • Customer list; 

  • Miscellaneous welding parts and mechanical tools; 

  • Intellectual property (name, phone numbers, etc.); and,

  • Office furniture and equipment. 

 

Qualified interested parties may access further detailed information upon request made to the Receiver and signing of a non-disclosure agreement (“NDA”). A copy of the NDA is below.

Non-Disclosure Agreement

 

The deadline to submit offers is 4:00pm MT Wednesday August 26, 2020.

 

Information Package – Weldworld Corp. – July 22, 2020

 

All inquires and interest parties please contact:

 

Anthony Babic 

780-705-0488

ababic@bowragroup.com

The Receiver in accordance with its powers under and pursuant to the Receivership Order, is applying to the Court for an Order approving the sale of the Company’s assets, among other matters. The Receiver’s Application is scheduled to be heard at the Edmonton Law Courts at 10:00am MST on October 2, 2020. Copies of the application materials can be found below.

On October 2, 2020, the Court of Queen’s Bench of Alberta granted an Order vesting title and approving the sale of the Company’s assets to Kocken Industries Corp.

Application Materials:

Affidavit of William Kocken – June 17, 2020

Brief of Canadian Western Bank – July 2, 2020

Receivership Application – July 7, 2020

Application & Proposed Orders – October 2, 2020

Receiver’s First Report to Court – September 19, 2020

Brief of Law – September 21, 2020

Receiver’s Supplemental Report to Court – October 1, 2020

Court Orders

Receivership Order – July 7, 2020 

Order (Approval and Vesting) – October 2, 2020

Order (Distribution of Funds) – October 2, 2020

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.