HONG KONG, June 23, 2014 /CNW/ - This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The board of directors (the "Board") of Sunshine Oilsands Ltd. (the "Company"; HKEX: 2012; TSX: SUO) has noted the decreases in the price of the shares ("Shares") of the Company on Friday, 20 June 2014 and an increase in the trading in the trading volume of the Shares. The Board wishes to state that the Board is not aware of any reason for such [Read more]
News
Toscana Energy Closes Previously Announced Arrangement
CALGARY, June 20, 2014 /CNW/ - Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX: TEI) is pleased to announce that it has closed the previously announced arrangement (the "Arrangement") pursuant to which Toscana Energy acquired all of the class A trust units ("Class A Units") of Toscana Financial Income Trust ("TFIT") for aggregate consideration of 2,071,729 common shares of Toscana Energy ("Common Shares") and all of the issued and outstanding class B trust units of [Read more]
Yangarra Announces Graduation to the Toronto Stock Exchange
CALGARY, June 20, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Corporation") (TSXV:YGR) announces it has received conditional approval from the Toronto Stock Exchange ("TSX") for its graduation from the TSX Venture Exchange to the TSX. The approval is subject to acceptance of the filing of final documentation and Yangarra anticipates that its common shares will start trading on the TSX late next week. [Read more]
Fontaine: First Nations attitudes shifting on resource development
CALGARY - The former national chief of the Assembly of First Nations says attitudes are shifting amongst aboriginal people when it comes to resource development. Phil Fontaine says that 20-years ago the idea of an aboriginal community going into business with the mining or oil and gas industry would have been unheard of. But now, he told an energy and the environment conference in Calgary, resource companies and First Nations frequently discuss equity stakes or joint venture deals and many [Read more]
First Nation to erect symbolic blockade to protest Northern Gateway approval
HARTLEY BAY, B.C. - The women of the Gitga'at Nation of British Columbia will erect a symbolic blockade made of yarn across the Douglas Channel today to protest the federal government's approval of the Northern Gateway pipeline. The crochet chain will stretch 2.5 nautical miles across the opening of the narrow channel tankers will have to navigate to a marine export terminal to be built in Kitimat, on the north coast. Seventy-year-old Lynne Hill says the protest began in the community and [Read more]
Suncor Energy and partners approve new facility to test water treatment and recycling technologies
CALGARY, ALBERTA--(Marketwired - June 19, 2014) - Suncor Energy and five industry partners today announced an estimated $165 million funding commitment to sanction the construction of a dedicated Water Technology Development Centre (WTDC). The WTDC, to be located at Suncor's Firebag facility, will be used to test water treatment and further develop recycling technologies. The goal of the WTDC is to shorten the timeframe needed to develop and commercialize new technologies, as well as [Read more]
Canadian Spirit Resources Inc. Announces Final Closing of Private Placements
CALGARY, ALBERTA--(Marketwired - June 19, 2014) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI)(OTCBB:CSPUF) announces that on June 17, 2014 it accepted final subscriptions on its non-brokered private placements previously announced on May 26, 2014. The gross proceeds raised from this final closing was $1.025 million, and combined with the amounts announced on June 4, 2014 brings the total gross proceeds raised from the two private placements to $6.1 [Read more]
Dejour to Own 99% of Woodrush Production
Plans Q3 Development Program VANCOUVER, British Columbia--(BUSINESS WIRE)--Dejour Energy Inc. (NYSE MKT:DEJ / TSX:DEJ), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, today announced that, subject to final approval from the TSX, it will acquire a further 24% Working Interest in its legacy Woodrush oil and gas production project. The acquired 24% interest encompasses production from 3 oil [Read more]
Quattro Announces Final Closing of Donalda Acquisition of 100 boe/d in East Central Alberta
CALGARY, ALBERTA--(Marketwired - June 19, 2014) - Quattro Exploration and Production Ltd. ("Quattro" or the "Company") (TSX VENTURE:QXP) is pleased to announce the closing of the previously announced Donalda acquisition having an effective date of February 1st, 2014. As previously announced, the acquisition, from a private Alberta-based company, includes a combination of 1,000 mcf/d of natural gas production along with associated gathering, compression and spare equipment. The acquisition [Read more]
Manitok Energy Inc. Announces Cordel-Stolberg and Entice Drilling Results
CALGARY, ALBERTA--(Marketwired - June 19, 2014) - Manitok Energy Inc. (the "Corporation" or "Manitok") (TSX VENTURE:MEI) is pleased to provide an update to the Corporation's 2014 drilling program in the Cordel-Stolberg and Entice areas. Cordel-Stolberg Manitok is pleased to announce that it has successfully drilled, completed and tested its latest two wells. The first well (the "Cardium Well") targeted Cardium oil in the back-limb of the Stolberg structure in the center of the field. The [Read more]