Glencoe Offering Circular

The following are for viewing only. To receive a PDF copy of either the Offering Circulars or the Confidentiality Agreement please email

Chigwell Non-Unit

Chigwell Viking Units

Chigwell Land Summary

Chigwell Duvernay Rights

Other Properties

Additional detailed information on the property is provided above in the Non-Confidential Offering Circular. If you would like a pdf. version please contact

Execution of a Confidentiality Agreement (below) will allow potential purchasers to gain access to the Data Book and the Virtual Data Room. 

General Timing of Offering

It is the Receiver’s intention to identify and notify selected qualified parties with whom they would like to explore transactions with by Friday, August 4, 2017. Final due diligence and provision of comments to the purchase and sale agreements template are expected to be completed on or about August 21, 2017. The successful bids will be selected with their executed purchase and sale agreement countersigned and a non-refundable deposit cheque for 10% of the purchase price cashed on September 1, 2017. Court approvals are anticipated by September 22, 2017 and Closings would be anticipated to occur as soon as possible thereafter.

Note that the proposed effective date is August 1, 2017.

Confidential Information

Potential purchasers that have executed the Confidentiality Agreement will be provided with confidential information and confidential updates, accessible with a username and password to the Virtual Data Room. A purchase and sale agreement template to be used in this process will also be available.

Bidding Documents

The non-binding offer should contain the offer price for the property, proposed effective date, any financing conditions, approval requirements, as well as expected timing to remove offer conditions and execute a purchase and sale agreement.


The Properties will be sold on an as is, where is basis subject to approval of the Court of Queen’s Bench of Alberta and will be sold free and clear of all encumbrances, to the extent permitted by law and the Court.

The Receiver and CB Securities make no representation or warranty as to the accuracy or completeness of the information provided in connection with this Offering.  Each potential purchaser should rely on their own investigation and due diligence to satisfy itself as to all matters relating to this Offering.  No representations or warranties will be provided by the Receiver in a purchase and sale agreement.

The Receiver and CB Securities reserve the right to modify the timing, procedures, and terms and conditions of this Offering, or to terminate this Offering at any time.  The Receiver also reserves the right to accept or reject any or all offers at its sole discretion for any reason whatsoever.

Non-Binding Bids received by CB Securities prior to noon on August 2, 2017, the formal Non-Binding Bid Date, shall be kept in strict confidence by CB Securities until such time.

Prospective purchasers wishing to participate in this Offering are requested to direct their inquiries to Darryl Derouin at (403) 781-7041 or email at