April 12, 2022
Robus Resources Inc., a Calgary, Alberta-based oil and gas company with property and operations in Alberta,was placed in receivership on April 12 on application by Robus Services LLC, its senior secured creditor. In February 2020, Robus Services LLC extended a loan to the company in the principal amount of USD $7 million. As at the end of January, the total debt outstanding to Robus Services LLC was almost USD $15 million. A&M was appointed receiver. Counsel is BDP Law for Robus Services LLC; Cassels for the receiver; and Gowlings for the company and Ernst Methot.
By Dina Milivojevic