Clearbeach Resources Inc., Forbes Resources Corp. and 2849536 Ontario Limited

Filing Date: May 20, 2021

Archived On: October 02, 2023

On May 20, 2021 Clearbeach Resources Inc. (“Clearbeach”) and Forbes Resources Corp. (“Forbes”) sought and obtained from the Ontario Superior Court of Justice (Commercial List) an order (the “Initial Order”) under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (“CCAA”) under the above-mentioned court file number. The Initial Order appointed MNP as CCAA monitor. The Initial Order authorized proceedings previously commenced under Part III of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (“BIA”) to be continued under the CCAA. Richter Advisory Group was trustee under these BIA proceedings, which had the following estate numbers:

Clearbeach – 35-2659751
Forbes – 35-2660091

By subsequent order of the Court, dated July 14, 2021, 2849536 Ontario Limited ("2849536") was added as an applicant to the CCAA proceedings.  As directed under this same order, the Monitor carried out assignments in bankruptcy for both Forbes and 2849536, which were effective August 25, 2021.  

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