August 6, 2020 - TheNewswire - VANCOUVER, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest"), (TSXV:HRH), (OTC:HLRTF), is pleased to announce the Company has signed a term sheet with a New York based firm for a CDN $5,000,000 convertible loan. Hillcrest announced July 14th that The Company was evaluating a funding proposal which would allow it to potentially access up to $5 million for West Hazel field development activities and the funding was conditional on Hillcrest purchasing the … [Read more...]
Hillcrest announces oversubscribed private placement & warrant incentive program results
August 4, 2020 - VANCOUVER, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest"), (TSXV:HRH), (OTC:HLRTF) is pleased to announce the non-brokered private placement of up 20,000,000 units of the Company (the "Units") at a price of $0.05 per Unit for gross proceeds of up to $1,000,000 (the "Offering") has been oversubscribed resulting in 20,442,000 units being purchased for a total of $1,022,100.00. Each Unit consists of one common share (a "Share") and one-half of a share purchase … [Read more...]
Closing Date for Energy Technology Licensing Agreement Extended to August 10, 2020
VANCOUVER, B.C. - TheNewswire - July 31, 2020 - Hillcrest Petroleum Ltd. (TSXV:HRH) (OTC:HLRTF) (the "Company" or "Hillcrest"), updates our shareholders that both parties involved in the Licensing agreement of US Patented, electrical generation technology, have agreed to extend the closing date from August 1st to August 10th, 2020. The parties do not anticipate the need for further extensions. Upon the agreements being signed, the parties will schedule meetings with various parties who have … [Read more...]
Hillcrest acquires 100% working interest in West Hazel
July 30, 2020 - Vancouver, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF), is pleased to announce it will increase its working interest percentage in the West Hazel field to 100% by acquiring the remaining working interest its Joint Venture Partner. The agreement in principle is effective July 29th and is subject to approval by the TSX Venture Exchange. Hillcrest is acquiring the joint venture partner's interest in exchange for three million (3,000,000) … [Read more...]
Hillcrest announces private placement and grant of options
VANCOUVER, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) announces a non-brokered private placement of up 20,000,000 units of the Company (the "Units") at a price of $0.05 per Unit for a gross proceeds of up to $1,000,000 (the "Offering"). Each unit consists of one common share (a "Share") and one-half of a share purchase warrant (the "Warrant"). Each whole Warrant will be exercisable into an additional common share of the Company at a price of $0.07 per share for a … [Read more...]
Hillcrest Announces conditional approval of early warrant exercise incentive program
Vancouver, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF), is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the "Exchange") of the implementation of an early warrant exercise incentive program (the "Incentive Program") intended to encourage the early exercise of up to 22,894,446 outstanding common share purchase warrants (the "Eligible Warrants") of the Company held by warrant-holders, previously announced in a … [Read more...]
Hillcrest oil production update
Vancouver, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF), is pleased to update our shareholders on developments at our West Hazel asset. Oil production re-commenced at West Hazel, after a brief shut in period in April/May due to low oil prices related to COVID's effect on worldwide oil demand. Daily production rates are stabilizing and still below those when production operations were suspended, but field operations are profitable with current oil prices … [Read more...]
Hillcrest announces early warrant exercise incentive program
VANCOUVER, B.C. - TheNewswire - July 13, 2020 - Hillcrest Petroleum Ltd. (TSXV:HRH) (OTC:HLRTF) (the "Company" or "Hillcrest"), is pleased to announce that will make an application to the TSX Venture Exchange (the "Exchange") for approval of the implementation of an early warrant exercise incentive program (the "Incentive Program") intended to encourage the early exercise of up to 24,166,466 outstanding common share purchase warrants (the "Eligible Warrants") of the Company held by … [Read more...]
Hillcrest Partnership secures exclusivity to deploy US patented technology for electrical generation applications in the european union
May 28, 2020 - TheNewswire - Vancouver, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF), has secured exclusive rights under a Memorandum of Intent to market and deploy US patented technology in the European Union. The Technology has been demonstrated in laboratory tests to potentially improve power generation and electrical vehicle efficiencies by up to 80%. Hillcrest previously announced an exclusive arrangement to market licenses for this patented … [Read more...]
Hillcrest re-starts oil production early
May 25, 2020 - Vancouver, B.C. - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") (TSXV:HRH) (OTC:HLRTF) is pleased to announce production from the Saskatchewan based West Hazel assets re-commenced on May 19th, 2 weeks earlier than originally anticipated. The Company originally intended to re-start production in June, subject to economic oil pricing. The realized price for West Hazel oil is now at profitable levels and the Company has taken the opportunity to sell oil inventory stored on … [Read more...]
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