Court of Queen's Bench of Alberta

ASC issues public interest orders in response to criminal fraud conviction against James Russell Neilson

Retrieved on: 
Friday, October 21, 2022
Securities Act of 1933, Mission statement, ASC, The Criminal Code, Alberta Securities Commission, Theft, Investment, Neilson, Court of Queen's Bench of Alberta, Fraud, AB, Criminal code, Canadian Securities Administrators, Private investigator, Security (finance), Financial adviser

Two of Neilson's fraud convictions arose from fraudulent representations he made in conjunction with investments in ABACA Solutions Inc. (ABACA) and APO Group Inc. that grossly overstated ABACA's financial situation.

Key Points: 
  • Two of Neilson's fraud convictions arose from fraudulent representations he made in conjunction with investments in ABACA Solutions Inc. (ABACA) and APO Group Inc. that grossly overstated ABACA's financial situation.
  • In some cases, Neilson showed investors fraudulently manufactured banking and financial statements to convince them to invest.
  • Seven individuals paid Neilson nearly $1.2 million for shares in ABACA, while a corporate investor paid approximately $1million in a separate transaction.
  • As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

Hussein Borhot Sentenced to 12 years Imprisonment

Retrieved on: 
Thursday, May 26, 2022
Criminal code, ISIS, AB, Court of Queen's Bench of Alberta, Public, DNA, Federal, Court, PPSC, Terrorism, The Criminal Code, Public Prosecution Service of Canada, Online gambling

CALGARY, AB, May 26, 2022 /CNW/ -Today, in the Court of Queen's Bench of Alberta, Hussein Borhot was sentenced to a total of 12 years in prison for travelling to Syria and partaking in ISIS activities, including kidnapping.

Key Points: 
  • CALGARY, AB, May 26, 2022 /CNW/ -Today, in the Court of Queen's Bench of Alberta, Hussein Borhot was sentenced to a total of 12 years in prison for travelling to Syria and partaking in ISIS activities, including kidnapping.
  • The Court agreed with the joint submissions and imposed the recommended sentences, which are to be served consecutively in accordance with s. 83.26 of the Criminal Code.
  • He will also be subjected to a DNA order, and a firearm prohibition order for 10 years following his release.
  • On April 28, 2022, Mr. Borhot pleaded guilty to two of the four offences he was facing.

Hussein Borhot Pleads Guilty to Two Terrorism Offences

Retrieved on: 
Thursday, April 28, 2022
Public, Weapon, PPSC, Criminal code, Court of Queen's Bench of Alberta, Code, ISIS, AB, The Criminal Code, Public Prosecution Service of Canada, Online gambling

CALGARY, AB, April 28, 2022 /CNW/ - Today, in the Court of Queen's Bench of Alberta, Hussein Borhot pleaded guilty to travelling to Syria and participating in the activities of a terrorist group contrary to s. 83.18(1) of the Criminal Code.

Key Points: 
  • CALGARY, AB, April 28, 2022 /CNW/ - Today, in the Court of Queen's Bench of Alberta, Hussein Borhot pleaded guilty to travelling to Syria and participating in the activities of a terrorist group contrary to s. 83.18(1) of the Criminal Code.
  • He also pleaded guilty to kidnapping contrary to s. 279(1), for the benefit of the terrorist group, thereby committing an offence contrary to s. 83.2 of the Code.
  • The maximum penalties for these offences are 10 years and life imprisonment, respectively.
  • Once training was complete, he was provided with weapons and went on to fight in battles with other ISIS members.

DIRTT Seeks Summary Judgment Against Falkbuilt, Smed and Loberg

Retrieved on: 
Friday, March 4, 2022
Private Securities Litigation Reform Act, Employment, TSX, SMED, AB, DRT, Securities Exchange Act of 1934, News, This Time I Mean It, Company, Court of Queen's Bench of Alberta, Toronto Stock Exchange, Nature, Technology, Nasdaq, GLOBE, Judgement, Risk management, Loberg

1901-06550 (the Action), seeking an expedited, pre-trial, final determination of its liability claims against Falkbuilt Ltd., Falkbuilt, Inc., Mogens Smed (Smed), Barrie Loberg (Loberg), and others.

Key Points: 
  • 1901-06550 (the Action), seeking an expedited, pre-trial, final determination of its liability claims against Falkbuilt Ltd., Falkbuilt, Inc., Mogens Smed (Smed), Barrie Loberg (Loberg), and others.
  • In the Action, DIRTT seeks, among other things, an order restraining the defendants from competing with DIRTT, a judgment for its losses and damages, and an accounting and disgorgement of the defendants' gains from their wrongful misconduct.
  • In the summary judgment application DIRTT filed an affidavit tendering over 1,200 pages of evidence supporting its liability claims in the Action.
  • This includes excerpts of Questioning transcripts that document admissions made under oath by Smed, Loberg and other witnesses, and related documents.

Alberta Court of Appeal allows appeal

Retrieved on: 
Thursday, December 16, 2021
Bankruptcy and Insolvency Act, ASC, Alberta Securities Commission, Canadian Securities Administrators, Bankruptcy, Court of Queen's Bench of Alberta, AB, Private investigator, Property management, Judgement

CALGARY, AB, Dec. 16, 2021 /CNW/ -In a Memorandum of Judgment, the Alberta Court of Appeal has allowed an appeal from a decision of the Court of Queen's Bench of Alberta, concluding that a judgment owing to the Alberta Securities Commission (ASC) did not fall within the exceptions to discharge from bankruptcy enumerated under the Bankruptcy and Insolvency Act (Canada).

Key Points: 
  • CALGARY, AB, Dec. 16, 2021 /CNW/ -In a Memorandum of Judgment, the Alberta Court of Appeal has allowed an appeal from a decision of the Court of Queen's Bench of Alberta, concluding that a judgment owing to the Alberta Securities Commission (ASC) did not fall within the exceptions to discharge from bankruptcy enumerated under the Bankruptcy and Insolvency Act (Canada).
  • The ASC is the regulatory agency responsible for administering the province's securities laws.
  • It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors.As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

InPlay Oil Corp. And Prairie Storm Resources Corp. Announce Completion of Strategic Cardium Combination

Retrieved on: 
Tuesday, November 30, 2021
Storm, Arrangement, Central Alberta, NOT, SEDAR, Canada Business Corporations Act, Acquisition, Company, Toronto Stock Exchange, PSEC, IPO, Funding, TSX, Willesden, TSX Venture Exchange, Letter, OTCQX, Atlas, Borrowing base, GLOBE, Effective date, Court of Queen's Bench of Alberta, Horizontal, FOR, Growth, Issuer, Oil, Security (finance)

CALGARY, Alberta, Nov. 30, 2021 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") and Prairie Storm Resources Corp. (TSXV: PSEC) ("Prairie Storm") are pleased to announce that they have closed on today's date (the "Effective Date") the previously announced plan of arrangement under section 193 of the Business Corporations Act (Alberta) (the "Acquisition"). Pursuant to the Acquisition, InPlay acquired all of the issued and outstanding common shares of Prairie Storm (the "Prairie Storm Shares") on the basis of $0.2514 in cash and 0.0524 of a common share of InPlay ("InPlay Shares") in exchange for each Prairie Storm Share outstanding and Prairie Storm became a wholly-owned subsidiary of InPlay. As a final step of the Acquisition, InPlay, Prairie Storm and Prairie Storm's wholly-owned subsidiary, Prairie Storm Energy Corp., were subsequently amalgamated under the name "InPlay Oil Corp." (the "Resulting Issuer").

Key Points: 
  • Pursuant to the Acquisition, InPlay acquired all of the issued and outstanding common shares of Prairie Storm (the "Prairie Storm Shares") on the basis of $0.2514 in cash and 0.0524 of a common share of InPlay ("InPlay Shares") in exchange for each Prairie Storm Share outstanding and Prairie Storm became a wholly-owned subsidiary of InPlay.
  • As a final step of the Acquisition, InPlay, Prairie Storm and Prairie Storm's wholly-owned subsidiary, Prairie Storm Energy Corp., were subsequently amalgamated under the name "InPlay Oil Corp." (the "Resulting Issuer").
  • Previous holders of subscription receipts of InPlay are not required to take any action in order to receive the underlying InPlay Shares.
  • InPlay Oil is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production.

Brookfield Infrastructure Closes Strategic Acquisition of Inter Pipeline

Retrieved on: 
Thursday, October 28, 2021
Ontario Energy Board, Brookfield Infrastructure Partners, DRIP, Partnership, Bermuda, Toronto Stock Exchange, Primary Dealer Credit Facility, IPL, TSX, Exchange, Acquisition, GLOBE, Multilateral, BIP, Hearing, Kate White, Registered, Transport, Arrangement, Computershare, DRS, Inter Pipeline, SEDAR, NYSE, Brookfield Asset Management, Court of Queen's Bench of Alberta, Letter, News, The Meeting, Inter, Line of credit, Petroleum, Canada Business Corporations Act, NEWS, Person, Minority, Attempted purchase of Time Warner Cable by Comcast, Telephone, National, Board, Proxy, Uncertainty, Director, Heartland Petrochemical Complex, Oil, Security (finance), Bank

BROOKFIELD, NEWS, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), together with its institutional partners (collectively, "Brookfield Infrastructure") and Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) are pleased to announce the successful completion of Brookfield Infrastructure's strategic acquisition of Inter Pipeline pursuant to the previously announced statutory plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement").

Key Points: 
  • BROOKFIELD, NEWS, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), together with its institutional partners (collectively, "Brookfield Infrastructure") and Inter Pipeline Ltd. ("Inter Pipeline") (TSX: IPL) are pleased to announce the successful completion of Brookfield Infrastructure's strategic acquisition of Inter Pipeline pursuant to the previously announced statutory plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement").
  • Brookfield Infrastructure will file an early warning report, pursuant to National Instrument 62103, in respect of its acquisition of Inter Pipeline Shares.
  • Following the closing of the Arrangement and the delisting of the Inter Pipeline Shares from the TSX, it is expected that Inter Pipeline and Bison Acquisition Corp. (the "Purchaser") will amalgamate to form "Inter Pipeline Ltd." ("Amalco").
  • Brookfield Infrastructure Partners is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with over US$625 billion of assets under management.

AgJunction Enters into Arrangement Agreement to be Acquired by KUBOTA Corporation for CAD $0.75 per Share in All Cash Deal

Retrieved on: 
Friday, October 8, 2021
Water, Report of the Special Committee on the Termination of the National Emergency, Proxy, The Meeting, Farmer, The Purchase Price, SEDAR, DLA, LLP, Board, Adoption, Purchasing, Chairperson, Meeting, Arrangement, Committee, COVID-19, CAD, Canada Business Corporations Act, Hoskin, Fairness opinion, TSX, Solution, Mori Hamada & Matsumoto, Food, Minority, Board of directors, Tokyo Stock Exchange, Failure, Toronto Stock Exchange, Review, Court of Queen's Bench of Alberta, PSC, Environment, Automation, Transaction, Multilateral, Sale and purchase of ship, DLA Piper, Duckworth, GLOBE, Industry, AG, Nature, Security (finance), Audit, Retail

The proposed transaction (the "Transaction") is to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta).

Key Points: 
  • The proposed transaction (the "Transaction") is to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta).
  • AgJunction will seek approval of the Transaction by its shareholders at a special meeting expected to be held in November 2021 (the "Meeting").
  • The Arrangement Agreement contains customary representations and warranties of each party and interim operational covenants by AgJunction.
  • Founded in 1890, Kubota Corporation is a global leading manufacturer of agricultural, turf, construction equipment and industrial engine.

Inter Pipeline and Brookfield Infrastructure Provide Update on Strategic Transaction and Executive Transition Plan

Retrieved on: 
Thursday, September 23, 2021
Chairperson, Arrangement, Securities Act of 1933, Brookfield Asset Management, Person, Transport, The Meeting, Mountain, Bermuda, Brookfield Infrastructure Partners, Hearing, Inter Pipeline, Transaction, Toronto Stock Exchange, Director, Disclosure, News, Canada Business Corporations Act, NEWS, Multilateral, Circular, Proxy, Meeting, Workforce, Infrastructure, MI, BIP, Indian stock exchange, International Accounting Standards Board, Board of directors, IFRS, NYSE, Minority, Partnership, Court of Queen's Bench of Alberta, Heartland Petrochemical Complex, Acquisition, Company, SEDAR, Petroleum, International Accounting Standards Committee, GLOBE, Â, TSX, Mission statement, Board, Special, IPL, COVID-19, Uncertainty, Management, Property management, Security (finance), Holding company, Tax advisor

The Circular has been filed on Inter Pipeline's profile on SEDAR at www.sedar.com and is available on Inter Pipeline's website at www.interpipeline.com.

Key Points: 
  • The Circular has been filed on Inter Pipeline's profile on SEDAR at www.sedar.com and is available on Inter Pipeline's website at www.interpipeline.com.
  • Brookfield Infrastructure may vote the Common Shares acquired by it under its takeover bid of Inter Pipeline, which was completed on September 3, 2021, as part of the "minority" approval.
  • Mr. Bayle will also resign from the Board of Directors (the "Board") of Inter Pipeline effective the same day.
  • As part of the Executive Transition Plan, effective September 21, 2021, Mr. Hawksworth was appointed Deputy Chief Financial Officer of Inter Pipeline.

Combined Company to Operate as Kiwetinohk Energy Corp.

Retrieved on: 
Thursday, August 19, 2021
GLOBE, Interim order, Intention, Director, News, Court of Queen's Bench of Alberta, Board of directors, Arrangement, Security (finance)

In accordance with the Interim Order, Distinction wishes to advise its shareholders that Distinction and Kiwetinohk have agreed to amend the plan of arrangement appended to the business combination agreement dated June 28, 2021, to provide that the entity resulting from the amalgamation of Distinction and Kiwetinohk will be called "Kiwetinohk Energy Corp.".

Key Points: 
  • In accordance with the Interim Order, Distinction wishes to advise its shareholders that Distinction and Kiwetinohk have agreed to amend the plan of arrangement appended to the business combination agreement dated June 28, 2021, to provide that the entity resulting from the amalgamation of Distinction and Kiwetinohk will be called "Kiwetinohk Energy Corp.".
  • There have been no other material changes to the Arrangement and Distinction anticipates that the combination will be completed in September 2021.
  • This news release includes certain statements that may be deemed "forward-looking statements".
  • More particularly, and without limitation, this news release contains forward looking statements and information concerning the Arrangement and the name change.