Redrock Camps Inc.
On May 13, 2020, an Order (the "CCAA Initial Order") was granted by the Honourable Madam Justice B.E. Romaine of the Court of Queen's Bench of Alberta (the "Court") pursuant to the Companies' Creditors Arrangement Act (the "CCAA") granting Redrock Camps Inc., Sockeye Enterprises Inc., Sweetwater Hospitality Inc. and Baldr Construction Management Inc. (collectively referred to as the "Redrock Group") various relief including, but not limited to, the imposition of an initial Stay of Proceedings (the "Stay") against the Redrock Group and its assets through to May 25, 2020. The Court appointed BDO Canada Limited as the monitor of the Redrock Group (the "Monitor").
On May 25, 2020, the Court granted an Amended and Restated CCAA Initial Order (the " ARIO") further extending the Stay to July 24, 2020.
On July 14, 2020, the Court further extended the Stay through to September 30, 2020. 2020.
Pursuant to the CCAA Initial Order and the ARIO, the Redrock Group is to continue to carry on business in a manner consistent with the commercially reasonable preservation of its business and assets while it engages in a Court supervised Sale and Investment Solicitation Process ("SISP"). The CCAA Initial Order also allows the opportunity for a plan of arrangement or compromise to be prepared and filed with the Court for the consideration of the Redrock Group's creditors.
Claims against the Redrock Group for payment for goods and services supplied to the Redrock Group prior to May 13, 2020 are suspended and creditors are prohibited from continuing or taking any actions or exercising any rights against the Redrock Group, or the Monitor, except with leave of the Court. You are not required to file a proof of claim at this time. A formal claims process is expected to be initiated in due course.
Sale and Investment Solicitation Process
On July 14, 2020, the Court approved a Sale and Investment Solicitation Process (“SISP”). The deadline for the submission of bids is Friday, August 21, 2020. Interested parties should contact the Monitor for further information.
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Contact Us
110, 5800 - 2nd Street SW
Calgary, Alberta T2H 0H2
Marc Kelly - makelly@bdo.ca
Phone: 403-536-8510
Fax: 403-640-0591