CALGARY, Dec. 23, 2016 /CNW/ - Trident Exploration Corp. ("Trident" or the "Company") is pleased to announce that it has closed an equity offering and property acquisition. In a rights offering that was backstopped by the Company's major shareholder, Trident issued approximately 59.3 million shares at a price of $0.3793 per share for gross cash proceeds of $22.5 million. The fee for the backstop was paid in shares and represented 5% of the issue or approximately 3.0 million shares. After [Read more]
Bellatrix Announces Closing of $80 Million Non-Core Asset Sale
TSX, NYSE: BXE - CALGARY, Dec. 21, 2016 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce that it has completed the previously announced sale of certain non-core assets in the greater Harmattan area of Alberta (the "Harmattan asset sale"). Pursuant to the Harmattan asset sale, the Company received net cash proceeds of approximately $65 million, and made a $15 million vendor take back loan ("VTB Loan") to the purchaser. The VTB Loan bears [Read more]
Madalena Announces Sale of Point Loma Debenture
(All dollar figures are expressed in United States Dollars, unless otherwise noted) CALGARY, Dec. 20, 2016 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) announces that it has sold its CAD $3 million convertible debenture (the "Convertible Debenture") of Point Loma Resources Ltd. (TSXV: PLX) ("Point Loma") for cash proceeds of $522,000 (CAD $700,000). The Convertible Debenture was part of the consideration Madalena received when the non-core Canadian [Read more]
AIMCo Acquires Ownership Stake in Howard Energy Partners
EDMONTON, Dec. 20, 2016 /CNW/ - Alberta Investment Management Corporation ("AIMCo"), on behalf of certain of its clients, is pleased to announce that it has agreed to acquire an ownership stake in Howard Energy Partners from EnLink Midstream Partners, LP (NYSE:ENLK). The investment, representing an ownership stake of approximately 28% of Howard Energy Partners, makes AIMCo the second largest unitholder in the company. The transaction is expected to close during the first quarter of 2017, subject [Read more]
Vermilion Energy Inc. Closes Acquisition of Producing Properties in Germany
CALGARY, Dec. 19, 2016 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We" or "Our") (TSX, NYSE: VET) is pleased to announce that we have completed the previously announced acquisition of interests in production and exploration assets in Germany (the "Acquisition") from Engie E&P Deutschland GmbH, for total consideration of €33 million ($46.2 million), based on the effective date of January 1, 2016. After adjustments for cash flows between the effective date and closing date, Vermilion's cash [Read more]
Enerplus Announces Cash Dividend for January 2017
CALGARY, Dec. 19, 2016 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) announces that a cash dividend in the amount of CDN$0.01 per share will be payable on January 13, 2017 to all shareholders of record at the close of business on December 30, 2016. The ex-dividend date for this payment is December 28, 2016. The CDN$0.01 per share dividend is equivalent to approximately US$0.01 per share if converted using the current Canadian/US dollar exchange rate of 0.7497. The U.S. [Read more]
ARC Resources Ltd. Confirms January 16, 2017 Dividend Amount
CALGARY, Dec. 16, 2016 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") confirms that an eligible dividend of $0.05 per share will be paid on January 16, 2017 to shareholders of record on December 30, 2016. The ex-dividend date is December 28, 2016. As at December 16, 2016 the trailing 12-month payments to investors, including the December 15, 2016 payment, total $0.70 per share. ARC offers a Dividend Reinvestment Plan ("DRIP") and Stock Dividend Program ("SDP") as optional plans for its [Read more]
Paramount Resources Ltd. Announces the Closing of a Grant by Cavalier Energy of a Royalty for $100 million, the Sale of 5.0 million Seven Generations Shares for $150 million and a Dividend of its Remaining 3.8 million Seven Generations Shares
CALGARY, Dec. 16, 2016 /CNW/ - Cavalier Royalty Paramount Resources Ltd. ("Paramount" or the "Company") (TSX:POU) and Cavalier Energy ("Cavalier"), Paramount's wholly-owned subsidiary, jointly announced today that Cavalier has closed a transaction pursuant to which it has granted a royalty (the "Cavalier Royalty") to an unrelated third party on its oil sands properties (the "Royalty Lands") for cash consideration of $100 million. The Cavalier Royalty will be calculated on a sliding scale [Read more]
Spectra Energy Stockholders Overwhelmingly Approve Merger With Enbridge
HOUSTON, Dec.15, 2016 /CNW/ -- Spectra Energy Corp (NYSE: SE) ("Spectra Energy") announced that during a special stockholder meeting held earlier today, Spectra Energy stockholders voted overwhelmingly to approve the previously announced combination of Spectra Energy with Enbridge Inc. (TSX, NYSE: ENB) ("Enbridge") in a stock-for-stock merger transaction. Approximately 73 percent of the total outstanding shares of Spectra Energy common stock, and approximately 98 percent of the total shares [Read more]
Northern Blizzard Resources Inc. Announces December 2016 Dividend
CALGARY, Dec. 15, 2016 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard") (TSX: NBZ) announced today a cash dividend of $0.02 per common share for December 2016. The dividend will be payable on January 16, 2017 to shareholders of record on December 30, 2016. This dividend has been designated as an eligible dividend under the Income Tax Act (Canada). Northern Blizzard Northern Blizzard is a Canadian crude oil production and development company focused on maximizing oil recovery from [Read more]
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