Original Traders Energy Group

On January 30, 2023 the Ontario Superior Court of Justice (Commercial List) (the "Court") issued an order (the "Initial CCAA Order") pursuant to the Companies' Creditors Arrangement Act ("CCAA"). This order provided for certain relief, including a stay of proceedings against Original Traders Energy Ltd., 2496750 Ontario Inc., OTE Logistics LP, and Original Traders Energy LP (collectively, the “OTE Group") and ordered that KPMG Inc. be appointed as Court-appointed monitor of the Applicants (in such capacity, the “Monitor”).

On December 30, 2024, the Monitor filed an assignment in bankruptcy of Original Traders Energy LP and OTE Logistics LP.  The Monitor was appointed as Trustee (the “Trustee”) of the Estate of the Bankrupt by the Official Receiver, subject to affirmation by the creditors of the Trustee’s appointment or substitution of another Trustee by the creditors.

The first meeting of creditors of Original Traders Energy LP will be held on February 6, 2025 at 10:00 am EST via virtual meeting or Phone Conference. Conferencing details will be made available upon request.