Prairie Provident Resources Enters Court-Supervised Restructuring Under CCAA
Bitget2026/10/29 01:38- Prairie Provident Resources entered CCAA creditor protection on October 27, 2026, with proceedings stayed until November 6, 2026.
- Alvarez & Marsal Canada was appointed monitor with broad authority over operations and cash management.
- At an October 30, 2026 hearing, the monitor will seek a stay extension and authorization for a sale and investment solicitation process.
- All directors and officers resigned effective October 27, 2026; day-to-day operations are expected to continue under the monitor’s direction.
- Trading in the company’s common shares was halted October 27, 2026, pending the TSX’s review of continued listing eligibility.
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