Arctic Glacier Income Fund, Arctic Glacier Inc., Arctic Glacier International Inc. and the additional applicants listed below (collectively, "Arctic Glacier") commenced proceedings under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended ("CCAA") and were granted an order (the "Initial Order") of the Court of Queen's Bench (Winnipeg Centre) on February 22, 2012.
The Initial Order, among other things, imposed a stay of proceedings against the creditors of Arctic Glacier. Pursuant to the Initial Order, Alvarez & Marsal Canada Inc. was appointed Monitor of the business and financial affairs of Arctic Glacier.
On February 23, 2012, the Monitor commenced ancillary proceedings in the United States Bankruptcy Court for the District of Delaware under Chapter 15 of the United States Bankruptcy Code, 11 U.S.C. & 101-1330, as amended, seeking recognition of the CCAA proceedings as foreign main proceedings, and to give effect to the Initial Order in the United States. On March 16, 2012 the United States Bankruptcy Court granted an order, among other things, recognizing the CCAA proceedings as foreign main proceedings and giving effect to the Initial Order in the United States.
Additional Applicants:
Arctic Glacier California Inc.
Arctic Glacier Grayling Inc.
Arctic Glacier Lansing Inc.
Arctic Glacier Michigan Inc.
Arctic Glacier Minnesota Inc.
Arctic Glacier Nebraska Inc.
Arctic Glacier Newburgh Inc.
Arctic Glacier New York Inc.
Arctic Glacier Oregon Inc.
Arctic Glacier Party Time Inc.
Arctic Glacier Pennsylvania Inc.
Arctic Glacier Rochester Inc.
Arctic Glacier Services Inc.
Arctic Glacier Texas Inc.
Arctic Glacier Vernon Inc.
Arctic Glacier Wisconsin Inc.
Diamond Ice Cube Company Inc.
Diamond Newport Corporation
Glacier Ice Company, Inc.
Ice Perfection Systems Inc.
ICEsurance Inc.
Jack Frost Ice Service, Inc.
Knowlton Enterprises, Inc.
Mountain Water Ice Company
R&K Trucking, Inc.
Winkler Lucas Ice and Fuel Company
Wonderland Ice, Inc.