CALGARY, July 21, 2016 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it is entering into a private placement of 10-year and 12-year senior unsecured notes (the "Notes") totaling CAD$300 million with a group of institutional investors in Canada and the United States. The Notes will be issued in two tranches with CAD$200 million bearing interest at 3.96% and maturing on October 13, 2026 and CAD$100 million bearing interest at 4.11% and maturing on October 13, 2028. Citigroup [Read more]
Conference Board of Canada downgrades Canada’s economic growth forecast
OTTAWA, July 21, 2016 /CNW/ - The wildfires that damaged much of Fort McMurray and the surrounding areas, a weakening global economy, and the ongoing and significant deterioration in business investment have dimmed the growth outlook for Canada. The Conference Board of Canada expects the Canadian economy to grow by just 1.4 per cent in 2016, a downgrade from the 1.6 per cent forecast in the previous edition of the Canadian Outlook. "The economy got off to a good start at the beginning of the [Read more]
Madalena Announces Board and Executive Changes and Shares for Debt Transaction
CALGARY, July 19, 2016 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) announces the departure of Mr. Ray Smith from the board of directors of the Company. Mr. Smith has been a director of Madalena for over 10 years and the board thanks him for his significant contributions to the Company. Madalena also announces the departures of Mr. Stephen Kapusta, Vice President, Engineering and Mr. Robert Stanton, Vice President, Operations. Mr. Kapusta has [Read more]
Painted Pony Announces First Sales of Natural Gas from Townsend Facility
CALGARY, July 19, 2016 /CNW/ - Painted Pony Petroleum Ltd. ("Painted Pony" or the "Corporation") (TSX: PPY) is pleased to provide an update on the commissioning by AltaGas Ltd. ("AltaGas") of the Townsend Facility ("the Facility"). The Facility is a 198 MMcf/d natural gas and liquids processing facility located in the Townsend portion of Painted Pony's Montney assets in northern BC. The Facility began producing natural gas sales volumes on July 7, 2016 with commercial operations beginning on [Read more]
Keyera Announces Timing of 2016 Second Quarter Results Conference Call and Webcast
CALGARY, July 19, 2016 /CNW/ - Keyera Corp. (TSX:KEY) announced today that it expects to release its 2016 second quarter results after market close on Tuesday, August 9, 2016. A conference call and webcast have been scheduled for Wednesday, August 10, 2016 at 8:00 AM Mountain Time (10:00 AM Eastern Time) for interested investors, analysts, brokers and media representatives. The conference call dial-in number is 888-231-8191 or 647-427-7450. A recording of the conference call will be available [Read more]
Enerplus Announces Cash Dividend for August 2016
CALGARY, July 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 August 15, 2016 to all shareholders of record at the close of business on July 29, 2016. The ex-dividend date for this payment is July 27, 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 0.7702. The U.S. dollar [Read more]
Bellatrix Announces Credit Facility Renewal and Extension
TSX, NYSE: BXE - CALGARY, July 18, 2016 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce the completion of its semi-annual borrowing base redetermination and the renewal of its syndicated credit facilities (the "Credit Facilities"). Effective July 15, 2016: the total commitments under the Company's Credit Facilities have been set at $365 million; the Credit Facilities are comprised of a $210 million revolving facility (the [Read more]
Questerre announces flow-through unit private placement
CALGARY, July 18, 2016 /CNW/ - Questerre Energy Corporation ("Questerre" or the "Company") (TSX,OSE:QEC) is pleased to announce that it intends to complete a private placement of flow-through units of the Company. The Company plans to issue up to 17.6 million flow-through units at a price of $0.18 per unit for estimated gross proceeds of $3.17 million (the "Flow-Through Placement"). Each flow-through unit will consist of one Common Share issued on "flow-through" basis ("CDE Flow-Through [Read more]
Northern Blizzard Resources Inc. Announces July 2016 Dividend
CALGARY, July 15, 2016 /CNW/ - Northern Blizzard Resources Inc. ("Northern Blizzard") (TSX: NBZ) announced today a dividend of $0.04 per common share for July 2016. The dividend will be payable on August 15, 2016 to shareholders of record on July 29, 2016. This dividend has been designated as an eligible dividend under the Income Tax Act (Canada). Northern Blizzard offers a Stock Dividend Program ("SDP") where shareholders may elect to receive their dividends in the form of common shares in [Read more]
Twin Butte Energy Ltd. Announces Mailing of Management Information Circular with Respect to Plan of Arrangement and Annual Meeting
CALGARY, July 15, 2016 /CNW/ - (TSX: TBE) – Twin Butte Energy Ltd. ("Twin Butte" or the "Company") is pleased to announce that it has mailed its Management Information Circular and related voting materials to Twin Butte shareholders and debentureholders (collectively, the "Twin Butte Securityholders") in connection with the annual and special meeting to be held on August 10, 2016 (the "Meeting"). At the Meeting, Twin Butte Securityholders will be asked to, among other things, approve the plan of [Read more]
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