On November 27, 2020, Rifco Inc. announced that it is providing an update on court proceedings and the proposed management buyout. The Company stated that further to the originating notice brought by 933672 Alberta Ltd., Tim Peterson, Ruth Peterson, Sorbrick Capital Corp., 812787 Alberta Ltd., Big Country Holdings Ltd., Norman Storch, and Jeffrey Newhouse the Company was successful in obtaining an adjournment of the matter on November 25, 2020. The Company added that submissions of 933672 Alberta requesting interim injunctive relief were denied by the Court of Queen’s Bench. The Company stated that the Court provided that the Company would seek advice from the Court if it was to adjourn or cancel its annual meeting scheduled for December 11, 2020. The matter was adjourned to December 7, 2020 to allow for each side to present evidence and cross examine on such evidence.