Overview
On July 17, 2024, Loop Energy Inc. (“Loop”) filed a Notice of Intention to Make a Proposal pursuant to subsection 50.4(1) of the Bankruptcy and Insolvency Act R.S.C., 1985, c. B-3 (“BIA”) and Crowe MacKay & Company consented to act as Licensed Insolvency Trustee under the Proposal.
As part of a Court-approved restructuring process, certain debts and obligations of Loop Energy Inc. have now been vested in a newly formed entity, 16483640 Canada Ltd. (“164Co”). This transfer was executed under a Reverse Vesting Order, facilitating the sale of Loop’s business as a going concern while assigning certain liabilities, to 164Cco. A copy of the entered order and details of the Loop NOI can be found here: https://crowemackayco.ca/project/loop-energy-inc/.
On or around November 7, 2024, 164Co was assigned into bankruptcy with Crowe MacKay & Company Ltd. appointed as Trustee.
The first meeting of creditors will be held by teleconference on November 26th, 2024 at 10am PST. For further information, or to obtain an invitation to the meeting, please contact Mr. Tetsu Takagaki at tetsu.takagaki @crowemackay.ca
Creditor’s Information
Notice of Bankruptcy