Independent special situations principal
One accountable principal.When it matters.
Doug Bailey, CPA, steps into complex Canadian corporate situations as the named principal, with the authority and responsibility to carry the mandate through.
Sole Director · Interim CEO · Interim CFO
Board Advisor · Other principal capacities
01 / Experience
Experience earned
in the seat.
25+
Years of public-company CEO, CFO and board experience
6
Public and private board appointments across Canadian issuers
Over$1bn
Raised across equity, debt, private credit, grants and project finance
Doug Bailey, CPA · Public-company leadership, restructuring, capital markets and complex transactions.
02 / The role
Authority to act.
Responsibility to follow through.
When a board, lender group, shareholder or counsel needs someone in the seat, NorthHelm provides a named principal with a defined mandate.
Someone needs to take the seat
A Canadian-resident sole director, officer, interim CEO or interim CFO is needed. The role may involve a residual entity, a court-supervised mandate, or active creditor and shareholder dynamics. Authority and indemnification must fit the responsibilities.
Roles with particular exposure
Sensitive seats can include sanctions-adjacent wind-downs, court-supervised executive roles and public-company officer positions. The specific appointment and indemnification are calibrated to the situation.
The structure is complex
A recapitalization, plan of arrangement, cross-border transaction or bespoke debt and equity deployment needs judgment inside the corporation and execution alongside counsel and other advisors.
Restructuring needs accountable execution
Pre-filing workouts, interim management, CCAA, receivership coordination and comprehensive recapitalizations can require a principal inside the company, working alongside counsel, a Monitor or a Licensed Insolvency Trustee.
The board needs trusted oversight
Board leadership, independent committee work and sensitive governance matters need clear responsibility and sound judgment. Financial distress is one possible trigger, not a requirement for engagement.
03 / Selected work
The work behind
the judgment.
Different companies. Different circumstances. Direct experience where governance, capital structure and execution intersect.
01Falcon Oil and Gas Ltd. / Tamboran Resources Corporation
Canadian-resident Sole Director, Sole Officer, and Sole Shareholder via golden share
Appointed into Falcon's residual BC parent shell following a C$239 million plan of arrangement involving cross-border and sanctions-sensitive architecture. Counsel: Torys LLP.
02Southern Energy Corp.
Management Advisor
Complex cross-border refinancing of a TSX-V listed Canadian issuer with US operating assets. US$23.5 million closed February 12, 2026.
03Razor Energy Corp.
Co-Founder, President, CEO, and Director
Listed via CPC Qualifying Transaction on TSXV Tier 2; graduated to Tier 1 June 2017. Led acquisition, financing, and integration of a multi-asset Alberta producer with approximately $32.2 million of public equity raised and a senior secured AIMCo term loan scaled to $63.9 million. Executed a June 2023 recapitalization that eliminated $63.9 million of senior debt through transfer of FutEra Power equity to AIMCo, combined with an $8 million rights offering. Subsequently led the company through formal CCAA proceedings initiated January 2024, culminating in a court-approved SISP transaction with Texcal Energy Canada that closed December 2024. Counsel, Monitor, and stakeholder coordination throughout.
04Striker Exploration Corp.
Co-Founder, President, CEO, and Director
Recapitalized Elkwater Resources during the 2014 to 2015 oil price collapse through a $25 million non-brokered private placement and concurrent rights offering. Scaled through approximately $131 million of equity raised and $127.4 million of M&A deployed, including a $105 million bought deal co-led by Desjardins, TD Securities, and FirstEnergy with fully exercised over-allotment. Production scaled from approximately 170 to over 2,000 boe/d. Exited through a premium all-share plan of arrangement with Gear Energy in July 2016.
05FutEra Power Corp.
Co-Founder and Director
Governed Canada's first 21 megawatt hybrid geothermal and natural gas power facility with approximately $50 million of project financing. First-of-a-kind transaction structuring.
06Hyperion Exploration Corp.
Co-Founder and Chief Financial Officer
Led the Triple 8 Energy recapitalization, reorganization, 1:20 share consolidation, and rebranding to Hyperion. Raised approximately $76.6 million of equity across private placement and two bought deals with fully exercised over-allotments. Deployed approximately $60.6 million across four Cardium-focused acquisitions, scaling production from zero to 1,500 boe/d. Established IFRS reporting and internal controls frameworks.
07Canadian Phoenix Resources Corp.
Chief Financial Officer
Led a three-transaction 2008 corporate reorganization: the $58.5 million Marble Point Energy control acquisition, the Serrano Energy transaction for approximately 50.1% ownership, and the $14.25 million Blue Parrot asset acquisition. The Marble Point and Serrano positions were subsequently monetized through the Teine Energy amalgamation and Baytex Energy plan of arrangement, establishing the cash foundation for Canadian Phoenix's 2012 plan of arrangement with Renegade Petroleum.
Selected experience of Doug Bailey. Roles, periods and transaction descriptions are retained from the current NorthHelm website; they are not client endorsements.
How the mandate works
A clear role.
A defined end-state.
The appointment follows the situation. Some roles carry executive authority; a board advisor provides independent perspective without executive responsibility.
Clear authority
Written scope, reporting cadence and termination mechanics establish the mandate.
Alongside the right advisors
Where a formal insolvency process is necessary, NorthHelm works alongside counsel and the appointed Licensed Insolvency Trustee while remaining responsible for execution inside the company or vehicle.
A deliberate handback
The mandate passes back to permanent leadership or the appointed insolvency professional when the work is complete.
04 / NorthHelm research
Reserve Growth
and Equity Returns
We did not find a reliable link between reserve growth per share and the following year’s stock return.
The results remain uncertain. This does not prove there is no link. For boards and investors, the next questions concern spending, funding, ownership and entry price. These are diligence questions, not validated return predictors.
Read the report
05 / A clear next step
When the situation
needs a principal.
A short initial call is often enough to determine whether NorthHelm is the right fit. No formal materials are required for a first discussion, just enough context on the capital structure, sector and immediate pressures.
Start a confidential conversationEngagements are subject to a conflicts check, agreed scope and appropriate indemnification.