Ventures West Transport Limited Partnership

Filing Date: November 29, 2019

Please be informed that on November 29, 2019, an Initial Order (the "Initial Order") was granted by the Court of Queen's Bench of Alberta under the Companies' Creditors Arrangement Act, R.S.C. 1985 c. C-36, as amended, in respect of Tlicho Landtran Transport Ltd., 1456998 Alberta Ltd., 1456982 Alberta Ltd. and Ventures West Transport Limited Partnership (collectively, the "Companies").  The Initial Order provided for relief including a stay of proceedings (the "Stay") pursuant to which creditors are restrained from enforcing or exercising any rights or remedies against the Companies.  The Stay is currently in effect until June 15, 2020.

MNP Ltd. was appointed as Monitor in the CCAA proceedings. The Monitor's duties are set out in the Initial Order and any further Orders granted in the CCAA proceedings, and include the following:

  1. Monitoring the Companies operations and cash flow during the CCAA proceedings;
  2. Reporting to the Court as to the Companies' restructuring efforts and compliance with the Initial Order;
  3. Overseeing any claims process that may be approved as part of the CCAA proceedings;
  4. Advising the Court and the creditors as to the reasonableness and fairness of any plan that may be proposed for the Companies; and
  5. Assisting the Companies in implementing a sale process for the Companies' assets (the "Sale Process").

Publicly available documents will be posted on the Monitor's website as they become available.

Contact Information

Senior Vice President

Servicing Calgary and 1 other offices.