For further information contact:

Phone: 604.689.8939

westernone@bowragroup.com

WEQ – Court Documents  

WEQ – Claims Procedure

WEQ Holdings Inc. (formerly WesternOne Inc.) – Liquidation  

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.

 

File Updates

 

VANCOUVER, BC (December 17, 2020) 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 announced that the Supreme Court of British Columbia (the “Court”) has made an Order approving the Liquidator making a final distribution (the “Final Distribution”) and 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 is required to calculate and pay the Final Distribution, which it currently expects to be between $0.10 to $0.12 per share, subject to payment of the remaining liquidation expenses, filing of the final tax return of WEQ, requesting and obtaining a final tax clearance certificate from the Canada

Revenue Agency and attending to the dissolution of WEQ. The Liquidator currently expects this remaining work to be complete by June 30, 2021. While the Liquidator is not currently aware of any other issues that need to be resolved, should any such issues arise before the dissolution of WEQ, they could materially impact the amount of the Final Distribution.

WEQ – Press Releases

  i.    April 9, 2019

  ii.   June 28, 2019

  iii.  July 23, 2019)

  ix. September 24, 2019

  x.  December 19, 2019

  xi  March 26, 2020

  xii  June 24, 2020

  xiii September 24, 2020

  xiv December 17, 2020  

 WEQ – Court Documents

  i.       WEQ Liquidation Order 

  ii.      WEQ Claims Procedure Order  

  iii.     WEQ Liquidation Extension Order

  iv.   WEQ Extension and Discharge Order

 

 
WEQ – Claims Procedure

  i.  Claims Procedure Notice  

  ii. Proof of Claim Form

Liquidator’s Report

Liquidator’s First Report to Court

Liquidator’s Second Report to Court

 
 
 

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.