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On April 12, 2022, Alvarez & Marsal Canada Inc. was appointed as the receiver and manager (the “Receiver”) of the assets of Robus Resources Inc. (“Robus” or the “Company”) pursuant to an Order of the Court of Queen’s Bench of Alberta (as at then was). The Receiver has engaged Sayer Energy Advisors to assist it with a sale of all of Robus’ oil and natural gas interests located in Alberta (the “Property”). The Receiver has also provided a sale and investment solicitation process (“SISP”) outlining the details of the receivership sale. The Court of King’s Bench of Alberta approved the SISP on December 14, 2022, along with granting approval and reverse vesting order to complete a stalking horse credit bid (the “Stalking Horse Transaction”) to sell the Property of Robus to Robus Equity Acquisition Corporation for approximately USD$9.1 million. The purpose of the SISP is to determine whether a higher and better offer than the Stalking Horse Transaction may be obtained. Further details regarding the marketing process, Stalking Horse Transaction and a copy of the SISP is found on Sayer’s website at www.sayeradvisors.com . The Property is located in the Joarcam area of Alberta and consists of primarily non-operated […]
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