Hardie & Kelly Clarocity CorporationClarocity Corporation

Receivership Proceedings

On June 11, 2019, the Court of Queen’s Bench of Alberta (the “Court”) issued an Order (the “Receivership Order”) appointing Hardie & Kelly Inc. as receiver (the “Receiver”) of Clarocity Corporation (the “Company”). 

Status Update as of July 10, 2019 – The Court granted two Orders on July 10, 2019 approving of the sale of substantially all of the assets of Clarocity and discharging the Receiver thereby concluding the proceedings. There were no funds available for distribution to unsecured creditors or by extension shareholders.

Sale of Assets

On July 10, 2019, the Court granted an Order approving the acceptance of a Purchase and Sale Agreement (the “PSA”) entered into between the Receiver as vendor and iLOOKABOUT Corp. (“iLA”) as purchaser providing for iLA to acquire all of the known assets of the Company which principally included the 100% interest in the shares of the Company’s United States subsidiary Clarocity Inc., a patent, bank accounts and receivables.

Court Filings

Court Orders

Receiver’s Reports