Trident Processes Inc.

Documents

Receivership

^{Page last updated: May 4, 2022}

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 May 4, 2022

On March 28, 2022, the Receiver assigned the Debtor into bankruptcy and PricewaterhouseCoopers Inc. was appointed the Trustee of the estate of the Debtor. The first meeting of creditors was held at 2:00 pm Pacific Time on Thursday April 14, 2022. The total realizable value of the assets of the Debtor, are insufficient to repay EDC’s secured loans. As a result, there will be no proceeds available to unsecured creditors.

Status of file as of October 28, 2021

On October 28, 2021 (the "Filing Date"), Export Development Canada (“EDC”) sought and obtained an Receivership Order of the Supreme Court of British Columbia (the “Court”) pursuant to the Bankruptcy and Insolvency Act (the “BIA") and the Law and Equity Act, appointing PricewaterhouseCoopers Inc. as the Receiver and Manager (in such capacity, the "Receiver"), of all of the assets, undertakings and property of Trident Processes Inc. (the "Debtor").

A copy of application materials can be found under the Motion Materials tab.

A copy of the Receivership Order can be found under the Court Order tab.