CALGARY, ALBERTA--(Marketwired - Sept. 24, 2014) - Baytex Energy Corp. ("Baytex") (TSX:BTE) (NYSE:BTE) announces the completion of the previously announced disposition of its North Dakota assets (the "Assets") to SM Energy Company, effective July 1, 2014, for gross proceeds of approximately $357 million (US$330.5 million). After tax net proceeds from the sale, estimated at $275 million, will be applied against outstanding indebtedness. Production from the Assets averaged approximately 3,200 [Read more]
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Blackbird Energy Inc. Announces Increase to Financings From $35.5 Million to $37.4 Million
CALGARY, ALBERTA--(Marketwired - Sept. 24, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce that, in connection with its previously announced offering of special warrants and flow-through common shares on a "bought deal" private placement basis, Blackbird and the syndicate of underwriters led by National Bank Financial Inc. and including Raymond James Ltd., Haywood Securities Inc., TD Securities Inc., Cormark Securities Inc. and Jennings [Read more]
Leucrotta Launches Website
CALGARY, ALBERTA--(Marketwired - Sept. 24, 2014) - Leucrotta Exploration Inc. ("Leucrotta") (TSX VENTURE:LXE) is pleased to announce that its new website (www.leucrotta.ca) is operational and a new Corporate Presentation has been posted to the website. [Read more]
Strategic Oil & Gas Ltd. Announces Private Placement Financing to Increase to $70 Million and Include Flow-Through Share Component
CALGARY, ALBERTA--(Marketwired - Sept. 24, 2014) - Strategic Oil & Gas Ltd. (TSX VENTURE:SOG) ("Strategic" or the "Company") is pleased to announce that it has increased the maximum size of its previously announced non-brokered private placement (the "Private Placement") to gross proceeds of $70 million. The Private Placement is now comprised of a combination of common shares ("Common Shares") and flow-through common shares ("Flow-Though Shares") to be issued on a flow-through basis in [Read more]
Petrus Resources Ltd. Announces Closing of $155 Million Private Placement
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]
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]