CALGARY, ALBERTA--(Marketwired - Sept. 23, 2014) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to announce that it has closed its previously announced private placement. The Company issued approximately 38,510,000 common shares ("Common Shares") at an issue price of $4.00 per Common Share and 200,000 Common Shares issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through Shares") at an issue price of $4.80 per Flow-Through Share, for aggregate gross [Read more]
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High North Resources Ltd. to Appoint New Director and Corporate Update
CALGARY, ALBERTA--(Marketwired - Sept. 23, 2014) - High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is pleased to announce the following recent developments: New Director The Company has entered into an agreement with Redhill Resources Corp. (the "Shareholder") to appoint a new director to the board of directors (the "Board") following the Company's upcoming annual and special meeting of shareholders on September 25, 2014 (the "Meeting"). The Shareholder owns or [Read more]
Seven Generations Files Preliminary Prospectus in Connection with Initial Public Offering
CALGARY, Sept. 23, 2014 /CNW/ - Seven Generations Energy Ltd. (the "Company" or "7G") is pleased to announce that it has filed a preliminary long form prospectus (the "Prospectus") with the securities commissions of each of the provinces of Canada other than Québec in connection with an initial public offering of its common shares. The offering is to be made through a syndicate of underwriters co-led by RBC Dominion Securities Inc., Credit Suisse Securities (Canada), Inc. and Peters & Co. [Read more]
Quebec backs environmentalists to stop TransCanada exploratory drilling
MONTREAL - A judge has suspended exploratory drilling for the TransCanada oil terminal in eastern Quebec after objections by environmentalists.The decision by Quebec Superior Court Justice Claudine Roy to grant a temporary injunction on Tuesday stops the Alberta-based company from conducting seismic surveys in Cacouna until Oct. 15.That work involved studying the composition of the sea bed in that part of the Lower St. Lawrence to determine where the port could be built.The marine terminal would [Read more]
Fracking opponents say Liberal win in New Brunswick will pause shale gas sector
FREDERICTON - The Liberal victory in New Brunswick will provide a needed break in the development of the shale gas industry, say opponents of hydraulic fracturing who vowed to hold the party to its promise to impose a moratorium on the disputed practice.Lois Corbett of the Conservation Council of New Brunswick said Liberal Leader Brian Gallant's win in Monday's provincial election will give politicians and experts time to study fracking while slowing growth of the shale gas sector."This pause [Read more]
Pine Cliff Energy Ltd. Completes $60,065,000 Common Share Offering
CALGARY, ALBERTA--(Marketwired - Sept. 23, 2014) - Pine Cliff Energy Ltd. ("Pine Cliff") (TSX VENTURE:PNE) is pleased to announce that it has closed its previously announced short form prospectus offering of 29,300,000 common shares (the "Common Shares") at a price of $2.05 per Common Share for gross proceeds of $60,065,000 (the "Offering"). The Offering was made pursuant to an underwriting agreement with a syndicate of underwriters co-led by FirstEnergy Capital Corp., GMP Securities L.P. and [Read more]
Crescent Point Announces Closing of Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - Sept. 23, 2014) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) has closed its recently announced bought deal financing for an offering of 17,290,000 Crescent Point common shares at $43.40 per share to raise gross proceeds of approximately $750 million. The underwriters have also exercised in part their over-allotment option to purchase an additional 1,145,000 Crescent Point common shares at the offering price. As a result, [Read more]
Cardinal Energy Ltd. Announces Closing of Equity Financing
CALGARY, ALBERTA--(Marketwired - Sept. 23, 2014) - Cardinal Energy Ltd. ("Cardinal") (TSX:CJ) is pleased to announce that it has closed its previously announced public offering of 10,000,000 common shares through a syndicate of underwriters co-led by CIBC and RBC Dominion Securities Inc. and including Macquarie Capital Markets Canada Ltd., FirstEnergy Capital Corp., GMP Securities L.P., National Bank Financial Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc. and Dundee Securities Ltd. at a [Read more]
Madalena Announces Appointment and Grant of Options to New Independent Directors
CALGARY, Sept. 23, 2014 /CNW/ - Madalena Energy Inc. (TSX-V: MVN) and (OTC: MDLNF) (the "Company" or "Madalena") is pleased to announce that Messrs. Douglas E. Brooks and Steven Sharpe, two new independent directors have joined the Madalena board of directors (the "Board"). "This is an exciting time for Madalena following our recent transformational transaction and our transition to a more balanced business strategy", said Raymond Smith, Chairman of the Board. "We are very pleased that Douglas [Read more]
Strategic Oil & Gas Ltd. Announces Private Placement Financing of Up to $50 Million
CALGARY, ALBERTA--(Marketwired - Sept. 23, 2014) - Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) ("Strategic" or the "Company") has undertaken a non-brokered private placement (the "Private Placement") of up to 125 million common shares at a price of $0.40 per common share for gross proceeds of up to $50.0 million, subject to regulatory approvals. A significant portion of the Private Placement will be acquired by insiders, including Bay Partners Resource Funds, Tom Claugus, other directors and [Read more]