On March 6, 2024, Kaden Energy Ltd. (the “Company”) filed a Notice of Intention to Make a Proposal (the “NOI”) pursuant to the Bankruptcy and Insolvency Act (the “BIA”) and BDO Canada Limited was appointed as the trustee (the “Proposal Trustee”).
Following three Court approved stay extension applications, on August 16, 2024, the Company filed its Proposal, a copy which is provided immediately below.
The Proposal was approved by the requisite number of affected creditors on September 6, 2024 and was approved by the Court of King’s Bench of Alberta on October 3, 2024.
The affected creditors will receive distribution payments pursuant to the Proposal and as elected (or deemed elected).
Court Filings
- Application re NOI Extension, returnable April 2, 2024
- Affidavit of Wes Siemens re NOI Extension, sworn March 26, 2022
- Application re NOI Extension, returnable May 14 2024
- Affidavit of Wes Siemens re NOI Extension, sworn May 6, 2024
- Application re NOI Extension, returnable June 28, 2024
- Affidavit of Wes Siemens re NOI Extension, sworn June 18, 2024
- Bench Brief of the Proposal Trustee, filed September 23, 2024
- Application by the Proposal Trustee, returnable October 3, 2024
- Application re Granting of Security Interest, returnable October 3, 2024
Court Orders
- Claims Process Order (and approval of Stay Extension, Charges and Pre-Filing Payments) granted April 2, 2024
- Order re Stay Extension, granted May 14, 2024
- Order re NOI Extension, granted June 28 2024
- Sealing Order, granted June 28 2024
- Order approving the Proposal, October 3, 2024
- Order re Granting of Security Interest, October 3, 2024
Proposal Trustee's Reports
- First Report of the Proposal Trustee, April 1, 2024
- Second Report of the Proposal Trustee, May 9, 2024
- Third Report of the Proposal Trustee, June 26, 2024
- Trustee’s Report to Creditors on Proposal, August 26, 2024
- Report of Trustee on Proposal (Form 40), September 18, 2024
- Fourth Report of the Proposal Trustee, dated Sept 23, 2024 (excluding confidential appendices)
Notices and Other Information
- Notice of NOI to Creditors, dated March 12, 2024
- Proof of Claim (for Unknown Claimants only)
- Proof of Claim Instruction Letter (for Unknown Claimants only)
- Newspaper Notice for Unknown Claimants
- Notice of Dispute (for Known Creditors)
- Creditors’ Package re Proposal, dated August 26, 2024
- Notice of Hearing of Application for Court Approval of Proposal (revised)
Contact Us
#110, 5800 – 2nd Street SW
Calgary, Alberta T2H 0H2
Sahib Singh– [email protected]
Phone: 403.531.0531
Fax: 403.640.0591