On March 7, 2025 the OKR Group of Companies (the “OKR Entities”) sought and obtained an Initial Order of the Court of King’s Bench of Alberta (the “Court”) pursuant to the Companies’ Creditors Arrangement Act (the “CCAA”). PricewaterhouseCoopers Inc. LIT (“PwC”) was appointed as the Monitor.

Subsequently, on June 12, 2025, the Court issued an order that provided the Monitor with enhanced powers to oversee the wind down of the OKR Entities loan portfolio and ultimately any distribution to trade creditors and investors.

Please visit the website of the court-appointed Monitor for more information on the OKR Entities CCAA process and the loan wind-down process. The Monitor will continue to post regular updates to the website as the CCAA Proceedings progress:

Website: https://www.pwc.com/ca/okr-group