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Bellatrix Exploration Ltd.
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Overview

THE ASSETS OF BELLATRIX EXPLORATION LTD. WERE PURCHASED BY SPARTAN DELTA CORP. ON JUNE 1, 2020.

 

On October 2, 2019 Bellatrix Exploration Ltd. applied for and received an order for protection pursuant to the Companies’ Creditors Arrangement Act (“CCAA”), from the Court of Queen’s Bench of Alberta. The Initial Order includes a stay of proceedings against the Company and the appointment of PricewaterhouseCoopers Inc. as monitor.

On June 1,
 2020 Bellatrix Exploration Ltd. announced the closing of its sale transaction approved by the Court of Queen’s Bench of Alberta on May 8, 2020 in Bellatrix’s proceedings under the Companies’ Creditors Arrangement Act (the “CCAA”). As a result, Spartan Delta Corp. has acquired substantially all of Bellatrix’s assets relating to its oil and gas business.

More information and publicly filed materials are made available on the website of PricewaterhouseCoopers Inc., the Court-appointed monitor in the CCAA proceedings, at http://www.pwc.com/ca/bellatrix

 

Board Responsibilities

Board has assumed responsibility for the stewardship of the Company, including:

  • review and adoption of a strategic planning process
  • establish or cause to be established systems to identify the principal risks of the Company’s business and the implementation of appropriate procedures to manage these risks
  • succession planning, including appointing, training and monitoring senior management
  • the Company’s communication policy
  • establish or cause to be established the Company’s internal control and management information systems

Board of Directors Mandate - October 2014

Bellatrix Exploration Ltd.
1920, 800 5th Avenue SW
Calgary, Alberta T2P 3T6
Main: 403-266-8670
Fax: 403-264-8163
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Bellatrix Exploration
Investor Relations
investor.relations@bxe.com
Emergency Contact
1-403-266-8670