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”.

Saskatchewan Proceedings

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.

The Receiver filed the Receiver’s Certificate with the Court which discharged the Receiver and concluded the Saskatchewan receivership proceedings. A copy of this certificate is provided below:

Discharge Certificate re Sask Proceedings, March 29, 2021

Additionally, a dispute to the priority of net proceeds in the receivership has finally concluded.

Alberta Proceedings

The Receiver has been discharged in respect of all of Bow River's remaining Alberta interests in well, pipeline and facilities licences that were not the subject of transactions concluded by the pursuant to the following Limited Discharge Certificates issued in accordance with an Order for Limited Discharge of Receiver dated December 13, 2021:

On April 4, 2023, the Court granted a further Discharge Order, fully discharging the Receiver upon the filing of a certificate with the Court.

Receivership Court Orders & Decisions

Receivership Court Filings

Receiver's Reports

Receivership Service List

Contact Information for Receiver

#110, 5800 – 2^nd Street SW
Calgary, Alberta T2H 0H2
Jerri Beauchamp – [email protected]
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.

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Bow River Energy Ltd.

Alberta Proceedings

Receivership Court Orders & Decisions

Receivership Court Filings

Receiver's Reports

Receivership Service List

Contact Information for Receiver

CCAA PROCEEDINGS

Court Filings

CCAA Court Orders

Monitor's Reports and Correspondence

Service List