On June 30, 2020, an initial order was granted in relation to Northern Silica Corporation, Heemskirk Mining Pty. Ltd., Heemskirk Canada Holdings Limited, Heemskirk Canada Limited, Custom Bulk Services Inc. and HCA Mountain Minerals (Moberly) Limited (collectively, the “NSC Companies” or the “Debtors”) pursuant to proceedings under the Companies’ Creditors Arrangement Act, RSC 1985, c C-36, as amended.
Since the granting of the SISP Order, the Debtors received further orders that terminated the SISP, approved the asset purchase agreement (APA) with Vitreo Minerals Ltd.
On September 11, 2020, the NSC Companies applied for and were granted an approval and vesting order that, inter alia: terminated the SISP; approved the APA submitted by the Purchaser as the Successful Bid (as defined in the SISP).