Comments
Transcript
April 4, 2016 1601-03143 NOTICE TO CREDITORS
April 4, 2016 Court File No. 1601-03143 NOTICE TO CREDITORS In the Court of Queen’s Bench of Alberta, Judicial District of Calgary In the Matter of the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, As amended And in the matter of Sanjel Corporation, Sanjel Canada Ltd., Terracor Group Ltd., Suretech Group Ltd., Suretech Completions Canada Ltd., Sanjel Energy Services (USA) Inc., Sanjel (USA) Inc., Suretech Completions (USA) Inc., Sanjel Capital (USA) Inc., Terracor (USA) Inc., Terracor Resources (USA) Inc., Terracor Logistics (USA) Inc., Sanjel Middle East Ltd., Sanjel Latin America Limited and Sanjel Energy Services DMCC (collectively, the “Company” or “Sanjel”) TAKE NOTICE that on the 4th day of April, 2016, Sanjel made an application for protection from its creditors under the Companies’ Creditors Arrangement Act (“CCAA”) and an Order was granted by the Honourable Justice Romaine of the Court of Queen’s Bench of Alberta (the “Initial Order”). Pursuant to the Initial Order, PricewaterhouseCoopers Inc. was appointed as monitor of the Company (the “Monitor”). In accordance with section 23(1)(a) of the CCAA and the Initial Order, a copy of the Initial Order is available on the Monitor’s website at www.pwc.com/ca/sanjel . The Initial Order granted the Company various relief, including but not limited to, imposing a stay of proceedings against Sanjel and its assets, and providing Sanjel an opportunity to prepare and file a plan of arrangement or compromise under the CCAA for the consideration of its creditors and other stakeholders. Under the Initial Order, Sanjel is to continue to carry on business in a manner consistent with the preservation of its respective businesses and assets. Please be advised that the Initial Order prohibits the termination of the supply of any goods or services currently provided to the Company. Please contact either the Monitor or Sanjel to discuss any concerns regarding the future supply of goods or services. The Initial Order does not prohibit any person from requiring immediate payment for goods or services. Additional information will be provided to you regarding filing of claims for any amounts that may be owing to you for goods or services delivered prior to April 4, 2016. Copies of future Court orders and other materials relating to these proceedings will be posted to the Monitor’s website during these proceedings. We recommend that creditors who have questions check this website regularly. If you have any questions or wish to speak to a representative of PricewaterhouseCoopers Inc. please contact us at (403) 509-7382. Sincerely, PricewaterhouseCoopers Inc. In its capacity as Monitor of Sanjel Corporation et al Paul Darby Senior Vice President PricewaterhouseCoopers Inc. 111 5 Avenue SW, Suite 3100, Calgary, Alberta, Canada T2P 5L3 T: +1 403 509 7382, F: +1 403 781 1825, www.pwc.com/ca