OKR Group of Companies

CCAA

^{Page last updated: March 16, 2025}

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.

Status of file as of March 17, 2025

On March 17, 2025 the Court granted an Order approving:

• An extension of the stay of proceedings to April 2, 2025;
• An increase in the Administration Charge to $350,000;
• Investigatory powers for the Monitor to enable it to complete its investigations including permitting the Monitor to image the Applicants electronic records to protect information for future investigations; and
• An adjournment of the balance of the Comeback Application to April 2, 2025.

The Monitor has posted its First Report to the Court (found under the Monitor's Reports tab), which speaks to the approvals granted alongside an update on the activities since the Filing Date. Court materials related to the hearing are available under the Court Materials tab.

A Copy of the Court Order will be posted once available under the Court Orders tab.

Status of file as of March 7, 2025

On March 7, 2025 (the "Filing  Date"), the OKR Group of Companies (collectively the “Company” or “the Petitioners”) sought and obtained an Initial Order of the Court of King’s Bench of Alberta (the “Court”) pursuant to the Companies’ Creditors Arrangement  Act (the “CCAA”).  Please refer to Court Order for the list of Companies the Order applies to.

PricewaterhouseCoopers Inc. LIT (“PwC”) was appointed as the Monitor.

As a result of the CCAA filing, there is a stay of proceedings in place until March 17, 2025, (the “Initial Stay”), subject to any extensions of the Initial Stay that the Court might grant upon application by the Petitioners.

Notice of the CCAA and the Monitor’s appointment will be emailed or mailed to all affected creditors shortly.

The initial application materials have been posted under the Court Materials tab. The Initial Order is or will be posted under the Court Orders tab as soon as its received from counsel.

The next court hearing will be held on Monday, March 17, 2025.

The Monitor will post regular status updates to this website and post future Monitor reports and court materials, as they become available during the CCAA proceedings.