Hardie & Kelly OAN Resources Ltd.OAN Resources Ltd.

BANKRUPTCY PROCEEDING

OAN Resources Ltd. (the “Company”) failed to file a proposal by the most recent deadline imposed by the Court of Queen’s Bench of Alberta (the “Court”). Consequently, the Company was deemed to have made an assignment into bankruptcy as of October 16, 2019.

Hardie & Kelly Inc. has been appointed as trustee of the bankrupt estate (the “Trustee”). Notice of the First Meeting of Creditors (the date of which has yet to be confirmed), Statement of Affairs and Proof of Claim form will be sent to known creditors by the Trustee in due course.

Pursuant to section 69.3(1) of the Bankruptcy and Insolvency Act (the “BIA”), creditors are prohibited from continuing or commencing any actions or exercising any rights against the Company except with leave of the Court. 

NOTICE OF INTENTION TO MAKE A PROPOSAL PROCEEDING

On June 14, 2019, the Company filed a Notice of Intention to Make a Proposal (the “NOI”) pursuant to the BIA. Hardie & Kelly Inc. was appointed as the trustee in respect of the proposal proceedings (the “Proposal Trustee”).

On August 27, 2019, the Court granted an Order further extending the time in which the Company must file a proposal through to October 12, 2019; however, the Company failed to do so and was deemed to have made an assignment into bankruptcy on October 16, 2019.

The NOI and related documents can be found below in the Initial Notification to Creditors package.

Court Filings

Proposal Trustee Reports

Court Orders

Contact person for the Trustee – Marc Kelly at 403-536-8510 or mkelly@insolvency.net