All in West! Capital Corporation assets sold by Court of Queen's Bench of Albera
News Release(PDF)
All in West! Capital Corporation update re: enforcement action by its lenders
News Release - August 24, 2016(PDF)
All in West! receives CTO
News Release - May 10, 2016(PDF)
All in West! Capital Corporation receives Notice of Default and Notice of Intention to Enforce Security
News Release - May 4, 2016(PDF)
All in West! Capital Corporation receives Notice of Default and Notice of Intention to Enforce Security
News Release - April 25, 2016(PDF)
All in West! Capital Corporation sells Econolodge
Press Release - February 1, 2016(PDF)
Press Release - January 5, 2016(PDF)
All in West! Capital Corporation releases Q3, 2015 interim financial statements and management's discussion and analysis
Q3 2015 Interim Financial Statements(PDF)
Q3 2015 MD&A (PDF)
All in West! Capital Corporation 2015 AGM presentation available online
2015 AGM Presentation(PDF)
All in West! Capital Corporation releases 2014 year-end financial statements and management's discussion and analysis
Q4 2014 Interim Financial Statements(PDF)
Q4 2014 MD&A (PDF)
All in West! Capital Corporation announces restructuring of mortgage debt
Press Release - May 30th, 2014(PDF)
All in West! Capital Corporation releases 2013 year-end financial statements and managementís discussion and analysis
Q4 2013 Financial Statements(PDF)
Q4 2013 MD&A (PDF)
All in West! Capital Corporation sells Days Inn Hinton-Jasper hotel.
press release (PDF)
Natural gas slump hits hotel firms.
November 26, 2010 - Winnipeg Free Press (PDF)
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All in West! Capital Corporation (All in West!) began as a Capital Pool Corporation in 2005. On April 2, 2007 All in West! closed a $13 million public offering and qualifying transaction. It trades on the TSX Venture Exchange under the symbol ALW. Its objective was to develop and acquire hotels & independent living senior's residences in Western Canada.

By the end of 2007, All in West! owned four hotel properties in Northwestern Alberta. The 2008 financial crisis was devastating to small publicly traded companies including All in West! It sought to grow and diversify, however, raising capital became impossible during the 'Credit Crunch' period. All in West! was undiversified with four assets located in regions of Alberta that are heavily involved with natural gas exploration and drilling. The price of natural gas collapsed in 2008-2009, resulting in decreased exploration, production and general economic activity in the vicinity of the All in West! hotels, this negatively impacted occupancy levels and therefore the operating results of All in West! Management responded by voluntarily waiving all asset management fees. In addition, all payments and fees were waived by the Directors of All in West!

On April 30, 2010, Series A and Series B Debenture payments were ceased and on November 30, 2010 Series C Debenture payments were ceased. Various concessions were also negotiated with some All in West! mortgage holders. On March 7, 2012, the Company delivered formal notice to the indenture trustee for its Series A Debentures, which matured on March 31, 2012, that All in West! would default on its obligation to repay the principal amount and accrued interest on the maturity date. On September 5, 2012, the Company delivered formal notice to the indenture trustee for its Series B Debentures, which matured on September 28, 2012, and its Series C Debentures, which matured on October 1, 2012, that All in West! would default on its obligation to repay the principal amounts and accrued interest on the maturity dates.

All in West! Continually evaluated alternatives available to it. It formed a special committee whose mandate was to evaluate the Corporation's alternatives specifically as it related to its outstanding convertible debentures and to make recommendations to the Board of Directions. The Corporation had engaged a third party investment banking advisor to work with this committee and the Board of Directors. As oil and natural gas prices experienced another significant decline in late 2014 through 2017 the industry responded by aggressively cutting back on capital expenditures, drilling, exploration and the laying off of personnel. As a result of these factors, there was a further decrease in exploration, production and general economic activity in the vicinity of the Corporation's hotels causing the portfolio's occupancy levels and revenues to plummet. All in West! was experiencing significant losses. All in West! disposed of its Hinton properties by early 2016. In the summer of 2016, however, the lenders of the Corporation's remaining assets choose to obtain court orders that put All in West! Grande Cache I and All in West! Grande Cache II into receivership. The receiver approved of the sale of the remaining Grande Cache hotels in 2017. All in West! no longer owns any assets and has no means of producing income. It intends to allow its corporate registration to expire.

copyright © 2017, All in West! Capital Corporation