On February 20, 2018, the Court of Queen’s Bench of Alberta granted an Order pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 (“BIA”) and section 13(2) of the Judicature Act, R.S.A. 2000, cJ-2 , whereby Alvarez & Marsal Canada Inc. (“A&M”) was appointed receiver and manager of Manitok Energy Inc. (“Manitok”) and Raimount Energy Corp.
On January 10, 2018, Manitok and Raimount filed Notices of Intention to File a Proposal (“NOI”) pursuant to Part III, Division I of the BIA. On January 19, 2018, an additional subsidiary of Manitok known as Corinthian Oil Corp. (“Corinthian”) filed an NOI. On February 20, 2018, an Order from the Court was granted terminating the NOI proceedings for each of the three debtor companies. A&M was substituted as the trustee in bankruptcy of Manitok, Raimount and Corinthian in the bankruptcy proceedings under estate numbers 25-2332583, 25-2332610 and 25-2335351, respectively.
For information pertaining to the Receivership and Bankruptcy proceedings, please visit www.alvarezandmarsal.com/manitok.
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