On April 29, 2016, Edge Resources Inc., (“Edge”), of which Brad Nichol was a director and Chief Executive Officer, Mr. Steinke was the Chief Financial Officer, Mr. Cooper was a director and Mr. Reeves was a director and corporate secretary, received an order of the Court of Queen’s Bench of Saskatchewan appointing Grant Thornton as receiver over the company’s Saskatchewan-based assets and, on September 2, 2016, received an order of the Court of Queen’s Bench of Alberta appointing Grant Thornton as receiver over the company’s Alberta-based assets. The receiver was discharged on the Alberta-based assets on December 19, 2016 and on the Saskatchewan-based assets on February 1, 2017. On August 5, 2016 Edge received a cease trade order from the Alberta Securities Commission for failure to file financial statements. Since a Receiver had been appointed for Edge on April 29, 2016, the officers and directors of Edge were no longer in control of the assets or undertaking of Edge, being replaced by Grant Thornton (the Receiver). This made it impossible, following such date, for the directors of Edge to affect the continuance of Edge’s public filings. A copy of the order may be provided by request.
Mr. Cooper was an officer and a director of Reparo Energy Partners Corp. (formerly, Northern Sun Exploration Company Inc.) (“Reparo”), a company which made and satisfied a proposal with its creditors on August 17, 2009, pursuant to the Bankruptcy and Insolvency Act (Canada). Mr. Cooper was an officer and a director of Reparo when on March 6, 2015, the British Columbia Securities Commission issued a cease trade order for failure to file its annual audited financial statements. Reparo was subsequently delisted from the TSX Venture Exchange. On October 29, 2015, Mr. Cooper and Mr. Brad Nichol were subject to a management cease trade order issued by the British Columbia Securities Commission in respect of Aroway Energy Inc., for failure to file annual audited financial statements, and subsequently Aroway Energy Inc. was cease traded by the British Columbia Securities Commission on January 4, 2016, and delisted from the TSX Venture Exchange. Mr. Cooper is also a director of StartMonday Technology Corp. and was subject to an MCTO dated May 1, 2019, issued by the British Columbia Securities Commission for failure to file its annual audited financial statements. The British Columbia Securities Commission on July 10, 2019, issued a cease trade order and StartMonday Technology Corp. was subsequently delisted from the CSE.
Mr. Reeves was a director and Corporate Secretary of Quattro Exploration and Production Ltd. (“Quattro”) when, on May 3, 2016, due to the failure of Quattro to file its annual audited financial statements and management discussion and analysis for the year ended December 31, 2015, the Alberta Securities Commission issued a management cease trade order (the “Quattro MCTO”) ordering the cessation of trading in the securities of Quattro by its senior management and directors, including Mr. Reeves. On June 20, 2016, the ASC, pursuant to the filing of the outstanding annual audited financial statements and management discussion and analysis of Quattro, revoked the Quattro MCTO. On September 8, 2016, Quattro received an order from the Court of Queen’s Bench of Alberta granting creditor protection pursuant to the Companies’ Creditors Arrangement Act (Alberta). The order was extended by the court until November 30, 2016 on October 7, 2016. On February 2, 2017, Quattro received an order of the Court of Queen’s Bench of Alberta appointing Hardy & Kelly Inc. as receiver over the company’s assets. On May 8, 2017, Quattro received a cease trade order from the Alberta Securities Commission for failure to file financial statements. Since a Receiver had been appointed for Quattro on February 2, 2017, the officers and directors of Quattro were no longer in control of the assets or undertaking of Quattro, being replaced by Hardy & Kelly Inc. (the Receiver). This made it impossible, following such date, for the directors of Quattro to affect the continuance of Quattro’s public filings. A copy of the order may be provided by request.
Mr. Reeves was the Corporate Secretary of Perisson Petroleum Corporation (“Perisson”) on May 1, 2018, when the ASC issued an MCTO ordering the cessation of trading in the securities of Perisson by certain of its insiders, including Mr. Reeves, for its failure to file annual audited financial statements, annual management’s discussion and analysis,