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Bow River Energy Ltd.

RECEIVERSHIP PROCEEDINGS
On October 28, 2020, the Court of Queen's Bench For Saskatchewan in Bankruptcy and Insolvency granted an Order appointing BDO Canada Limited (“BDO”) as receiver and manager of Bow River Energy Ltd.'s (“Bow River”) Saskatchewan assets. On October 29, 2020, the Court of Queen's Bench of Alberta granted an Order appointing BDO as receiver and manger of Bow River's Alberta assets. Copies of the respective Receivership Orders can be found below under the section entitled “Court Orders”.

Field Operational Contact Information

Inquiries or concerns related to day-to-day field operations should be directed to Veracity to the attention of either Mr. Ryan Hodak at 780-864-5848 or RyanH@veracityenergy.com, or Mr. Gary Gwartney at 403-592-6252 or GaryG@veracityenergy.com.

BDO as receiver and manager (the “Receiver”) of all of Bow River's assets has retained Veracity Energy Services Ltd. (“Veracity”) as its operational consultant to assist with the day-to-day management and operations of Bow River's assets.

Sale Solicitation Process - Alberta
The Receiver has engaged Sayer Energy Advisors (“Sayer”) to administer a Court authorized Sale Solicitation Process (“SPP”) in respect of Bow River’s assets located in Alberta.  Details of the SPP and the offering can be found by accessing the following link:
https://www.sayeradvisors.com/Offerings/Detail?offeringId=10370
Interested parties should contact Tom Pavic or Ben Rye of Sayer at 403-266-6133.

Saskatchewan Proceedings – Update as of March 29, 2021
The Receiver has been discharged over all assets located in Saskatchewan that are not the subject of the Sale Approval and Vesting Orders granted on March 29, 2021 that can be found below.

Receivership Court Orders

Receivership Court Filings

Receiver’s Reports

Contact Information for Receiver

#110, 5800 – 2nd Street SW
Calgary, Alberta T2H 0H2
Jerri Beauchamp – jlbeauchamp@bdo.ca
Phone: 825-509-0394
Fax: 403-640-0591

CCAA PROCEEDINGS

On June 1, 2020, an Order (the "CCAA Initial Order") was granted by the Honourable Madam Justice A. D. Grosse of the Court of Queen's Bench of Alberta (the "Court") pursuant to the Companies' Creditors Arrangement Act (the "CCAA") granting Bow River Energy Ltd. (the "Company") various relief including, but not limited to, the imposition of an initial Stay of Proceedings against the Company and its assets through to June 11, 2020. The Court appointed BDO Canada Limited as the monitor of the Company (the "Monitor").

On June 10, 2020, the Court granted an Amended and Restated CCAA Initial Order (the “ARIO”) which extended the Stay to July 31, 2020. On July 24, 2020, the Court granted an order further extending the Stay through to October 16, 2020. On October 6, 2020, the Court further extended the Stay until October 30, 2020.

On October 29, 2020, the Court granted an Order providing for the termination of the CCAA proceedings and the discharge of the Monitor.

Court Filings

CCAA Court Orders

Monitor's Reports and Correspondence

Service List

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