CALGARY, ALBERTA--(Marketwired - Dec. 30, 2013) - Waldron Energy Corporation ("Waldron" or the "Corporation") (TSX:WDN) is pleased to announce that it has closed the previously announced non-brokered private placement for 9,454,781 common shares on a flow-through basis ("Flow-Through Shares") at $0.45 per share for gross proceeds of approximately $4.3 million. Waldron is also pleased to announce that it has received conditional listing approval from the Toronto Stock Exchange ("TSX") for [Read more]
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Octagon 88 Resources Provides Shareholders with Corporate Update
ZUG, Switzerland--(BUSINESS WIRE)--Octagon 88 Resources Inc., (OTCBB:OCTX) is pleased to provide its shareholders with a corporate update as a direct result of the Manning Projects validation and the recent successful financing in CEC North Star Ltd. Octagon 88 has positioned itself to target an upgrade to a senior listing as management believes this will enable the Company to pursue its corporate strategy of mergers and acquisitions of assets in addition to its ownership of CEC North [Read more]
Artisan Energy Announces Viking Light Oil Acquisition and Farm-Out of Various Exploration Operations
CALGARY, ALBERTA--(Marketwired - Dec. 30, 2013) - Artisan Energy Corporation ("Artisan" or the "Corporation") (TSX VENTURE:AEC) announces the following corporate activities: Viking Light Oil Acquisition Artisan has signed a purchase and sale agreement (subject to certain closing conditions) with Magnum Energy Inc. ("Magnum") (TSX VENTURE:MEN), to acquire Magnum's 50% working interest in 2,720 gross acres (1,360 net acres) of land in the Provost area of Alberta (the "Provost [Read more]
Magnum Energy Inc. Announces Disposition of Provost, Alberta Property
CALGARY, ALBERTA--(Marketwired - Dec. 30, 2013) - MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) Magnum announces that the Corporation has signed a purchase and sale agreement (subject to certain closing conditions) with Artisan Energy Corporation ("Artisan"), to sell Magnum's 50% working interest in the Provost area of Alberta (the "Provost Asset"). The purchase price for the Provost Asset is $5,600,000, which will be comprised of the following: [Read more]
Small B.C. chamber slams proposed pipeline
VANCOUVER - A group representing hundreds of businesses in the Vancouver Island tourism mecca of Tofino, B.C., is criticizing the BC Chamber of Commerce for its stand on the Northern Gateway pipeline project.Earlier this month, the BC Chamber of Commerce released the results of a poll that found 47 per cent of British Columbians support the pipeline that would carry bitumen from Alberta's oilsands to the West Coast.It also released a letter that declared its "strong support" for the oil pipeline [Read more]
Oil above US$100 on upbeat economic outlook
Crude oil closed above US$100 a barrel Friday, the first time it has crossed that threshold since October.Benchmark West Texas Intermediate crude for February delivery rose 77 cents to close at $100.32 in trading on the New York Mercantile Exchange.The price got a boost from a drop in applications for unemployment benefits and expectations of a decline in U.S. crude stockpiles.Both inspired optimism about the U.S. economic recovery and, in turn, lifted expectations for energy demand.The last [Read more]
Contact Exploration Announces Private Placement of Flow-Through Common Shares
CALGARY, ALBERTA--(Marketwired - Dec. 26, 2013) - Contact Exploration Inc. ("Contact" or the "Company") (TSX VENTURE:CEX) announces that it is carrying out a non-brokered private placement (the "Private Placement") of common shares in the capital of the Company, to be issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through Shares"). Contact expects to issue up to 5,555,556 Flow-Through Shares in the Private Placement, at a price of $0.36 per share, for maximum [Read more]
Kitimat chief wants jobs for people in town expecting bust-to-boom times
VICTORIA - A decade ago, Kitamaat Village in northwest British Columbia was broke as residents of the First Nations community faced non-existent job and economic development prospects. But that was then. Now, Haisla Nation Chief Ellis Ross is waiting for the bust-to-boom times as restructuring of the Rio Tinto aluminum smelter continues and oil company giants such as Shell and Chevron consider liquefied natural gas developments near the village site, bringing plenty of labour and service [Read more]
Alexander Energy Ltd. Announces Closing of Final Tranche of the Recapitalization Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 24, 2013) - Alexander Energy Ltd. (TSX VENTURE:ALX) ("Alexander" or the "Corporation") is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement (the "Private Placement") in connection with the recapitalization of the Corporation. Under this final tranche of the Private Placement, Alexander issued an aggregate of 15,151,668 units ("Units") at a price of $0.15 [Read more]
Palliser Oil & Gas Corporation Announces Change to Board of Directors
CALGARY, Dec. 23, 2013 /CNW/ - Palliser Oil & Gas Corporation ("Palliser" or the "Company") (TSX VENTURE: PXL) announces a change to the Board of Directors. Ken Crowther advises that for personal reasons, he will be resigning his position as a Director of the Company as ofJanuary 1, 2014. On behalf of the Board of Directors, Senior Management, the staff and shareholders of Palliser, we wish to thank him for his time and service to the Company and we wish him much success in the [Read more]