Vancouver, British Columbia - DXI Energy Inc. (NEX: DXI.H) ("DXI" or the "Company") announces that the name change to "DXI Capital Corp.", and consolidation of its common share capital, on the basis of one hundred (100) issued common shares for one (1) new common share, will be effective following the close of trading on September 10, 2020. No fractional shares are to be issued and any fraction will be reduced to the nearest lower whole share. The name change and share consolidation has been … [Read more...]
Leucrotta Exploration Inc. Announces Grant of Incentive Stock Options
Calgary, Alberta - Leucrotta Exploration Inc. (TSXV: LXE) (the "Corporation") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to certain of its directors and officers to acquire up to an aggregate of 5,465,000 common shares ("Common Shares") of the Corporation and the granting of Options to certain of its employees and consultants to acquire up to an aggregate of 1,535,000 Common Shares. All of the Options are … [Read more...]
Blacksteel Energy Inc.: Alberta Securities Commission Blanket Order 51-519 – Temporary Exemption from Certain Corporate Finance Requirements
Calgary, Alberta - Blacksteel Energy Inc. (TSXV: BEY) ("Blacksteel" or the "Corporation") announces the Corporation will be relying on Blanket Order 51-519 with respect to the timing for the filing of the 2019 Annual Financial Statements Annual Management Discussion & Analysis and its Statement of Reserves Data and Other Oil and Gas Information, Report on Reserves Data by Independent Qualified Reserves Evaluator, and Report of Management and Directors on Oil and Gas Disclosure for the … [Read more...]
Hemisphere Energy Announces Financial and Operating Results for Q2 2020
Vancouver, British Columbia - Hemisphere Energy Corporation (TSXV: HME) ("Hemisphere" or the "Company") announces its financial and operating results for the three and six months ended June 30, 2020. Q2 2020 Highlights Achieved revenue of $2.5 million. Realized an operating netback of $2.7 million, including hedging gains of $1.4 million. Attained quarterly adjusted funds flow from operations of $1.4 million or $0.02 per share (basic). Increased quarterly production by 20% to … [Read more...]
Leucrotta Announces Q2 2020 Financial and Operating Results
Calgary, Alberta - LEUCROTTA EXPLORATION INC. (TSXV: LXE) ("Leucrotta" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2020. All dollar figures are Canadian dollars unless otherwise noted. HIGHLIGHTS Increased production to 3,797 boe/d in Q2 2020 from 3,119 boe/d in Q2 2019 (2,921 boe/d in Q1 2020). Disposed of certain non-core facility assets for cash proceeds of $2.2 million and reduced working capital … [Read more...]
DXI Energy Inc. Receives Notice of Demand and Seizure of US Subsidiary Shares
Vancouver, British Columbia - DXI Energy Inc. (TSXV: DXI.H) ("DXI" or the "Company"), further to the Company's announcement on April 7, 2020 to discontinue operations in the oil and gas exploration and development industry, the Company received a notice of demand from Hodgkinson Ventures Inc. ("HVI") for repayment of the Company's indebtedness to HVI pursuant to the terms of an Amended and Restated Loan Agreement dated as of June 5, 2017 in the principal sum of $2,000,000, plus all accrued … [Read more...]
Briko Energy Corp. Announces Second Quarter 2020 Financial and Operating Results
Calgary, Alberta - Briko Energy Corp. ("Briko" or the "Corporation") is pleased to report its financial and operating results for the three and six months ended June 30, 2020. Financial and operational information is set out below and should be read in conjunction with Briko's June 30, 2020 condensed unaudited interim financial statements and the related management's discussion and analysis ("MD&A"). Briko's condensed unaudited interim financial statements and MD&A are available for … [Read more...]
Kelt Announces Completion of the Sale of Its Inga Assets
Calgary, Alberta - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") has completed its previously announced disposition of oil and gas assets in its Inga/Fireweed/Stoddart Division (the "Inga Assets"), located in British Columbia, to ConocoPhillips (the "Purchaser"). The effective date for closing adjustments relating to the disposition was July 1, 2020. Kelt received gross cash proceeds of $510.0 million, prior to closing adjustments. In addition, the Purchaser has assumed certain … [Read more...]
DXI Energy provides Voting Results of AGSM and Notice of Name Change to DXI Capital
Vancouver, British Columbia - DXI Energy Inc. (TSXV: DXI.H) ("DXI" or the "Company") today announced the results of its Annual General and Special Meeting of Shareholders held on August 20, 2020 at the Company's Vancouver office. The following sets forth a brief description of each matter which was voted upon at the Meeting and the outcome of the vote: Description of Matter Outcome of Vote Votes For Votes Against Votes Withheld/Abstained 1. Fix the number of directors to be … [Read more...]
Bonavista Completes Recapitalization Transaction
Calgary, Alberta - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced the completion of its previously announced recapitalization transaction (the "Recapitalization Transaction") as further described in the Company's management information circular dated July 2, 2020 and implemented pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement"). As previously announced, pursuant to the approvals obtained … [Read more...]
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