BOE Report

Rubellite Energy Inc. Financing

This press release is being issued pursuant to section 5.2 of National Instrument 62-104 – Take-Over Bids and Issuer Bids. CALGARY, AB, March 28, 2023 /CNW/ - Dreamworks Investment Holdings Ltd. ("Dreamworks") and Susan L. Riddell Rose ("S. Rose") has acquired an aggregate of 3,514,600 common shares ("Common Shares") of Rubellite Energy Inc. ("Rubellite") at a price of $2.85 per Common Share for aggregate consideration of $10,016,610. The Common Shares were acquired by Dreamworks and S. [Read more]

Rubellite Energy Inc. announces closing of previously announced non-brokered private placement offering of flow-through common shares

CALGARY, AB, March 28, 2023 /CNW/ - (TSX: RBY) – Rubellite Energy Inc. ("Rubellite", or the "Corporation") is pleased to announce it has closed its previously announced non-brokered private placement offering of common shares ("Flow-Through Shares") issued on a "flow through" basis (the "Offering"). Pursuant to the Offering, the Corporation issued the maximum 7.0 million Flow-Through Shares at an issue price of $2.85 per Flow-Through Share, for gross proceeds of approximately $20.0 million. [Read more]

Spartan Delta Corp. announces $1.7 billion Montney asset sale, distribution of proceeds to shareholders, creation of a new growth-oriented pure-play Montney oriented company and transition of Spartan Delta to a deep basin focused corporation

CALGARY, AB - Spartan Delta Corp. ("Spartan" or the "Company") (TSX: SDE) is pleased to announce that it has entered into a definitive purchase and sale agreement (the "Agreement") with Crescent Point Energy Corp. ("Crescent Point") which provides for the sale of the Company's Gold Creek and Karr Montney assets (the "Assets") for cash consideration of $1.7 billion, subject to customary adjustments as provided for in the Agreement (the "Asset Sale"). Spartan will transfer 4,000 BOE/d1 of [Read more]

CanAsia Energy Corp. – Completed purchase of Andora Minority shares

CALGARY, AB, March 27, 2023 /CNW/ - CanAsia Energy Corp. ("CanAsia") (TSXV: CEC) announced today that its subsidiary Andora Energy Corporation ("Andora") completed the purchase of Andora common shares owned by minority shareholders for a cash payment of $0.044 per share. CanAsia, which previously owned 88.2% of the Andora common shares, now owns 100% of the Andora common shares. The transaction was completed by consolidating Andora common shares so that minority shareholders of Andora each [Read more]

Source Rock Royalties closes Alberta light oil royalty acquisition with capital commitment

CALGARY, AB - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR) (TSXV: SRR.WT), a pure-play oil and gas royalty company with an established portfolio of light oil focused royalties, announces that it has closed the acquisition of a 5% gross overriding royalty (the "GORR") in three light oil properties in Central Alberta (the "GORR Lands"). The purchase price was $1.6 million, and the transaction has an effective date of January 1, 2023. The GORR Lands are operated by a private [Read more]

Yangarra announces closing of bought deal financing

CALGARY, AB - Yangarra Resources Ltd. ("Yangarra" or the " Company ") (TSX: YGR) announces the closing of its recently announced bought deal equity financing, completed by way of a short form prospectus, for the sale of 6,791,440 common shares issued on a flow-through basis (the "FT Shares") in respect of Canadian development expenses ("CDE") at a price of $2.54 per FT Share, including the full exercise of the over-allotment option granted to the underwriters, for aggregate gross proceeds of [Read more]

Woodfibre LNG accelerates Canada’s pathway to net zero

West coast project announces plan to be the first LNG export facility in the world to achieve net zero emissions SQUAMISH, BC, March 23, 2023 /CNW/ - Woodfibre LNG is proud to announce its Roadmap to Net Zero, a tangible plan to achieve net zero emissions by the time operations start in 2027, 23 years ahead of government regulation. This roadmap will see Woodfibre LNG be the first LNG export facility in the world to achieve net zero, and includes commitments to be net zero both through the [Read more]

Journey Energy Inc. announces closing of bought deal public offering of flow-through common shares

CALGARY, AB - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") is pleased to announce it has closed the bought deal flow-through share financing that was previously announced on March 1, 2023.  The full 15% over-allotment was exercised bringing the total equity issuance to 3,040,031 flow-through common shares (the "Flow Through Shares") at a price of $6.62 per share for total gross proceeds of $20,125,005.  The financing was successfully concluded by Journey's syndicate [Read more]

Poll: Majority of Canadians agree – The world needs more Canadian energy

CALGARY, AB - More than three-in-four Canadians (77 per cent) agree Canada has an opportunity to play a key role in enhancing energy security worldwide, according to a new public opinion poll conducted March 17 to 19 by Research Co. for Canada Action. "Our polling feedback suggests Canadians want to be the supplier of choice to meet growing oil and natural gas demand worldwide. As a responsible nation that values its workers, families, and the environment, a strong Canadian presence in the [Read more]

Kiwetinohk Energy announces leadership change

CALGARY, AB - Kiwetinohk Energy Corp. (TSX: KEC) today announced the departure of John Maniawski, President of the Green Energy division effective immediately. "On behalf of the Board of Directors and our staff, I would like to thank John for his contributions to Kiwetinohk," said CEO Pat Carlson. "John led the power team to advance seven projects to various degrees through the Alberta power project approval process." Kiwetinohk continues to execute on its Green Energy development plan [Read more]