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A partial report preview for 2585929 Alberta Ltd. (ResidualCo) is shown below.  Where indicated by "Yes," CreditRiskMonitor contains this information in its extensive database.  To get access to the full report and learn more about CreditRiskMonitor's robust financial risk analysis and timely news service, request a personalized demo and free trial today.

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2585929 Alberta Ltd. (ResidualCo)
4409 94 Street NW
EDMONTON, AB  T6E 6T7  Canada
Filed a Notice of Intention to Make a Proposal on 11/14/2023
On 11/14/2023, Athabasca Minerals Inc. filed a Notice of Intention to Make a Proposal to its Creditors under the Bankruptcy and Insolvency Act (Canada). Pursuant to the Notice of Intention, KSV Restructuring Inc. was appointed as the Trustee in the Corporation's Proposal proceedings and will assist the Corporation in its restructuring efforts.
On 4/19/2024, Athabasca Minerals Inc. and its associated subsidiaries, AMI Silica Inc., AMI Aggregates Inc., AMI RockChain Inc., TerraShift Engineering Ltd, 2132561 AlbertaLtd., and 2140534 Alberta Ltd., were granted an extension to 5/13/2024 to file a joint proposal to their creditors under section 50.4(9) of the BIA.
On 4/26/2024, the previously announced transaction contemplated by the subscription agreement between Athabasca Minerals Inc and Badger Mining Corporation (Purchaser) providing for the acquisition of Athabasca Minerals Inc by the Purchaser was closed. With the closing of the Transaction all previously issued and outstanding common shares of the Corporation have been exchanged on a 1:1 basis for common shares in the newly incorporated entity, 2585929 Alberta Ltd. (“ResidualCo”). Badger is now the sole shareholder of the Corporation, which has emerged from BIA proceedings.
This entity represents the bankrupt estate of the former business (assets) of Athabasca Minerals Inc that was not sold to Badger Mining Corporation on 4/26/2024.
This company is no longer actively traded on any major stock exchange.
Business Summary
2585929 Alberta Ltd. (“ResidualCo”), formerly Athabasca Minerals Inc., represents the residual assets of Athabasca Minerals Inc. (ABI), that were not acquired by Badger Mining Corporation on 4/26/2024 pursuant to the subscription agreement transacted between the companies under ABI's Bankruptcy and Insolvency proceedings.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202312/31/2022Yes----

Industries
SIC Code Description
1442 Construction sand and gravel
7372 Prepackaged software
1446 Industrial sand
7371 Computer programming services

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board DonaldPaulencu 6/19/2017 8/7/2015
Chief Executive Officer RobertBeekhuizen 6/19/2017 6/19/2017
Chief Financial Officer LucasMurray 10/5/2017 10/5/2017
4 additional Officers and Directors records available in full report.

Business Names
Business Name
ABM
Aggregates Management Inc.
Aggregates Marketing Inc.
7 additional Business Names available in full report.

General Information
Outstanding Shares: 78,582,686 (As of 9/30/2023)
Stock Exchange: CVE


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Tuesday, November 19, 2024