POINT LOMA RESOURCES LTD.

Receivership Proceedings

On June 8, 2020, the Court of Queen's Bench of Alberta (the “Court”) granted an order (the “Receivership Order”) placing Point Loma Resources Ltd. (“Point Loma” or the “Company”) into receivership. BDO Canada Limited has been appointed as the receiver of the Company (the “Receiver”). A copy of the Receivership Order can be found below under the section entitled “Court Orders”.

The Receivership Order provides for a stay of proceedings such that creditors are prohibited from continuing or commencing any actions or exercising any rights against Point Loma and or its assets for payment of goods and services supplied to prior to June 8, 2020 absent seeking leave of the Court. The Receivership Order further provides that suppliers of goods and services are restrained from discontinuing the provision of goods or services to the Receiver absent leave of the Court.

Partial Discharge of Receiver – June 21, 2021

On June 21, 2021, the Court granted a “Partial Discharge Order” discharging the Receiver from effectively all of Point Loma's remaining interests in well, pipeline and facility licences that were not the subject of transactions concluded by the Receiver.

Conditional Discharge of Receiver – June 20, 2022

On June 20, 2022, the Court granted a “Conditional Order” discharging the Receiver subject to filing with the Clerk of the Court a Certificate of Discharge evidencing that all steps required to complete the Receivership Proceedings have been completed.

Full Discharge of Receiver – August 26, 2021

On August 26, 2022, the Receiver filed with the Court its Discharge Certificate, discharging it as Receiver of all remaining properties, a copy which is attached below:

Field Operational Contact Information

The Receiver has retained Sproule Asset Management Limited (“Sproule”) to assist with the day-to-day management and operations of Point Loma's assets.

Inquiries or concerns associated with day-to-day field operations can be directed to Mr. Cam Yamada of Sproule at 403-294-5519 or at cam.yamada@sproule.com

Court Filings

Court Orders

Receiver's Reports

Service List

Contact Us

#110, 5800 – 2nd Street SW
Calgary, Alberta T2H 0H2
Breanne Scott – brscott@bdo.ca
Phone: 403.213.2594
Fax: 403.640.0591

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