CALGARY, Alberta and HONG KONG, Dec. 18, 2014 /CNW/ -- This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). The board of directors of Sunshine Oilsands Ltd. (the "Corporation"; HKEX: 2012, TSX: SUO) announces that share options to acquire shares in the capital of the Corporation were granted by the Corporation to certain directors under its share option scheme adopted on January 26, [Read more]
News
High North Resources Ltd. Announces New Director, President and Chief Executive Officer
CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") announces the resignation of Colin Soares as President and Chief Executive Officer of the Company effective December 18, 2014, and the appointment of Paul Starnino as President and Chief Executive Officer and as a member of the board of directors of High North effective December 18, 2014. Paul Starnino has been involved in the oil and natural gas business for over 28 [Read more]
Bonterra Energy Corp. Provides Corporate Update
CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) ("Bonterra" or "the Company") today provides an update on the Company's position in light of recent market and industry developments. As a resource based business, Bonterra is directly impacted by changes in commodity prices, and recently has been managing through an unexpected period of significant oil price declines. Due to this rapid price erosion and extreme volatility, accurately [Read more]
Spyglass Resources Corp. Announces Closing of Previously Announced $100 Million Asset Sale
CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL)(OTCQX:SGLRF) announces closing of the previously announced disposition of a non-operated 50 percent working interest in the Dixonville Montney "C" oil pool for $100 million. Proceeds from the sale have been used to reduce bank debt. Spyglass Resources Corp. is an intermediate oil and natural gas company, headquartered in Calgary, Alberta and currently operates oil and gas [Read more]
Relentless Resources Announces Completion of Second Tranche of Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Relentless Resources Ltd. ("Relentless" or the "Company") (TSX VENTURE:RRL) is pleased to announce that it has completed a second tranche of its previously announced non-brokered private placement. Relentless issued 1,852,000 common shares of the Company issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through Shares") at a price of $0.27 per Flow-Through Share for aggregate gross proceeds of approximately $0.5 [Read more]
Eagle Energy Trust Announces Completion of Acquisition of Producing Petroleum Properties in North Central Alberta
CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Eagle Energy Trust ("Eagle") (TSX:EGL.UN) is pleased to announce that its subsidiary has completed the previously announced acquisition of a 50% non-operated working interest in producing petroleum properties in the Dixonville Montney "C" oil pool in north central Alberta for a purchase price of $100 million (the "Dixonville Acquisition"). The Dixonville Acquisition was funded with $55 million of Eagle's available cash and the balance from [Read more]
Stonehaven Announces Private Placement of $3.4 Million of Flow-Through Shares
CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Stonehaven Exploration Ltd. ("Stonehaven" or the "Company") (TSX VENTURE:SE) reports that the Company is undertaking a private placement offering (the "Offering") of 2,267,000 common shares of the Company to be issued on a "flow-through" basis (the "Flow-Through Shares") at a price of $1.50 per Flow-Through Share, resulting in gross proceeds of $3,400,500. The gross proceeds of the Flow-Through Shares will be used by the Company to incur [Read more]
Northern Spirit Resources Inc. Announces Private Placement of Flow-Through Common Shares and Normal Course Issuer Bid for Its Common Shares
CALGARY, ALBERTA--(Marketwired - Dec. 18, 2014) - Northern Spirit Resources Inc. ("Northern Spirit" or the "Corporation") (TSX VENTURE:NS) is pleased to announce that it has commenced a non-brokered private placement to raise gross proceeds of up to $1 million (the "Private Placement"). Pursuant to the Private Placement, the Corporation will issue up to 10,000,000 common shares of the Corporation to be issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through [Read more]
New Brunswick government introducing moratorium on hydraulic fracturing
FREDERICTON - Five conditions must be met before New Brunswick will lift a moratorium on hydraulic fracturing, Premier Brian Gallant said Thursday in a move that has frustrated the energy sector but pleased environmentalists.The provincial government introduced legislation that would prohibit fracking throughout the province until concerns about health, the environment and First Nations input are addressed.Gallant placed conditions on the legislation including a process to consult with First [Read more]
Twin Butte announces revised 2015 capital plan and dividend reduction
CALGARY, Dec. 18, 2014 /CNW/ - Twin Butte Energy Ltd. ("Twin Butte") (TSX: TBE) The industry has seen a significant drop in oil pricing over the last 7 weeks, which even with Twin Butte's strong hedge position could negatively impact the Company's cash flow for 2015. To ensure the viability of the Company's business plan and to position for potential business opportunities a market downturn may bring, a reduction in both the 2015 capital plan and the dividend is being implemented. The [Read more]