April 23, 2021

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Trustee: The Bowra Group

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Yellow Arrow Oiltools Ltd., an Edmonton, Alberta-based company that provided engineering services in the manufacturing, design, and customization of drilling motors and downhole drilling equipment to the oil and gas industry, filed for bankruptcy on April 23, listing approximately $1.3 million in liabilities, including $373.7 thousand to BMO. The company attributes its financial difficulties and operational challenges to the downturn in the oil and gas economy and unexpected health issues of key personnel. The Bowra Group is the bankruptcy trustee.