You are here

Sea Breeze Power Corp. and Sea Breeze Energy Inc.


On December 30, 2016, Sea Breeze Power Corp. and Sea Breeze Energy Inc. (together, the “Companies”) filed a Proposal under Part III, Division I of the Bankruptcy and Insolvency Act (Canada) and Alvarez & Marsal Canada Inc. was named as the Proposal Trustee. On January 18, 2017, the Companies had filed an amended proposal (the “Amended Proposal”). A copy of the Amended Proposal can be found here.

A meeting of creditors was held at the offices of Fasken Martineau DuMoulin LLP at 2900 – 550 Burrard Street, Vancouver, BC V6C 0A3 on January 18, 2017 at 10:00AM.

The Amended Proposal was accepted by the requisite majority of voting creditors at the meeting. The Proposal Trustee applied for a court hearing (the "Court Hearing") to be held on February 21, 2017 at 9:45AM at 800 Smithe Street, Vancouver, BC to sanction the Amended Proposal.

On February 16, 2017, the Court Hearing was adjourned generally while the Company works to negotiate specifics with respect to the transaction contemplated by the Proposal.

On April 21, 2017, the Companies filed a second amended proposal (the “Second Amended Proposal”). A copy of the Second Amended Proposal can be found here and a copy of the Second Report of the Proposal Trustee can be found here.

The Court approved the application made by the Proposal Trustee at 800 Smithe Street, Vancouver, BC on April 28, 2017 at 9:45AM and the Second Amended Proposal has been sanctioned by the Court and will be binding on all the affected creditors. A copy of the Notice of Application and the Court Order are located here and here.

For more information, please contact the Proposal Trustee:

Vicki Chan
Electronic mail:
Telephone: (604) 639 0847

Contact Us

Vicki Chan
Alvarez & Marsal Canada Inc.
Commerce Place
400 Burrard Street, Suite 1680
Vancouver, BC V6C 3A6

Electronic mail: Vicki Chan
Telephone: (604) 639 0847
Fax: (604) 638 7441