CALGARY, ALBERTA--(Marketwired - Nov. 18, 2014) - Arsenal Energy Inc. ("Arsenal" or the "Corporation") (TSX:AEI) announces an increase of the previously announced bought deal financing led by Paradigm Capital Inc., as lead underwriter on behalf of a syndicate of underwriters including Acumen Capital Finance Partners Limited, National Bank Financial Inc., and Industrial Alliances Securities Inc. (collectively, the "Underwriters"). Under the terms of the agreement, Arsenal will now issue 799,900 [Read more]
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Valparaiso Energy Inc. – Shares For Debt
CALGARY, Nov. 18, 2014 /CNW/ - Calgary, Alberta – November 18, 2014. Valparaiso Energy Inc. (the "Corporation") (NEX: VPO.H) wishes to announce that the Corporation has issued 500,000 common shares on the conversion of Convertible Debt for an outstanding share subscription in the amount of $25,000.00. After the above issuance, the Corporation will have 47,221,569 shares outstanding. These shares trade on the NEX board of the TSX Venture Exchange under the symbol VPO.H. THIS PRESS RELEASE, [Read more]
Alberta RCMP say natural gas pipeline intentionally shot with high-powered rifle
HINTON, Alta. - RCMP in western Alberta are investigating the shooting of a natural gas pipeline but don't believe it was malicious.Mounties say the Talisman Energy pipeline was intentionally hit with one bullet from a high-powered rifle on the weekend.The line, located about 60 kilometres north of Hinton, leaked a large quantity of natural gas before safety devices shut it down.There was no explosion.Const. Steve Lundberg describes the shooting as isolated.He says it's common for people in the [Read more]
U.S. Senate debates Keystone XL before milestone vote on pipeline bill
WASHINGTON - The woman who almost forced U.S. President Barack Obama to make a decision on the Keystone XL pipeline stood quietly on the Senate floor as her plans went down in flames Tuesday.Democratic Sen. Mary Landrieu had pushed the chamber to take its first-ever vote on the pipeline after a half-decade of debate. The result was what Senate-watchers called the biggest nail-biter vote in years.She fell one vote shy of putting a pipeline bill on the president's desk — which would have forced [Read more]
Petrus Resources Ltd. Announces Third Quarter Results and Record Exit Production in October
CALGARY, ALBERTA--(Marketwired - Nov. 18, 2014) - Petrus Resources Ltd. ("Petrus" or the "Company") is pleased to report its operating and financial results for the third quarter of 2014. Highlights include: Production averaged 4,928 boe per day in the third quarter of 2014, up from 3,162 boe per day in the third quarter of 2013, an increase of 46% per debt-adjusted share. The operating netback was $27.86 per boe in the third quarter of 2014, compared to $30.74 per boe in the same period a [Read more]
TransCanada Highlights Reasons to Approve Keystone XL
WASHINGTON, D.C.--(Marketwired - Nov. 18, 2014) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) President and CEO Russ Girling today provided a comment in advance of the debate and vote on U.S. Senate bill 2280. "I was very pleased to see another vote in the House of Representatives in favor of Keystone XL, a vote that demonstrates such broad bi-partisan support for the project. The majority of the U.S. Congress, in keeping with public opinion surveys, wants to see the Keystone [Read more]
Arsenal Energy Announces Bought Deal Financing
CALGARY, ALBERTA--(Marketwired - Nov. 17, 2014) - Arsenal Energy Inc. ("Arsenal" or the "Company") (TSX:AEI) announces it has entered into an equity financing agreement, on a bought deal basis, with Paradigm Capital Inc., as lead underwriter, on behalf of a syndicate of underwriters (collectively, the "Underwriters"). Under the terms of the agreement Arsenal will issue 753,800 common shares to be issued on a "flow- through" basis pursuant to the Income Tax Act (Canada) (the "Tax Act") in [Read more]
Southern Pacific Announces $19.5 Million Non-Core Asset Disposition
CALGARY, ALBERTA--(Marketwired - Nov. 17, 2014) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today announced the signing of an agreement to dispose of its entire interest in its Red Earth assets. The consideration for this sale is $19.5 million cash and the transaction is expected to close on or about November 25, 2014. The Red Earth assets were non-core to the Company, consisting of 135 sections of land and a pilot project thermal facility. Southern Pacific [Read more]
TransCanada Comments on Materials from Sandell Asset Management
CALGARY, ALBERTA--(Marketwired - Nov. 17, 2014) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today commented on materials made public by Sandell Asset Management (Sandell): "TransCanada appreciates constructive input from shareholders and we actively engage in open dialogue with them to discuss all aspects of our operations and corporate strategy. We received materials from Sandell a few months ago containing a very similar and flawed analysis to the one that was published [Read more]
Activist investor Sandell pushes for changes at TransCanada Corp.
CALGARY - An activist investor is urging pipeline and power giant TransCanada Corp. (TSX:TRP) to make big changes to its corporate structure in order to boost its share price.In a letter released Monday, Sandell Asset Management Corp. said the Calgary-based company hasn't made the most of its master limited partnership, TC Pipelines LP — a publicly traded vehicle with tax benefits into which TransCanada has been transferring some of its U.S. assets.It also wants TransCanada — the company behind [Read more]