CALGARY, ALBERTA--(Marketwired - Dec. 12, 2014) - Relentless Resources Ltd. ("Relentless" or the "Company") (TSX VENTURE:RRL) is pleased to announce an increase by $346,925 and completion of its previously announced non-brokered private placement. The Company issued 4,513,890 common shares of the Company ("Common Shares") at a price of $0.225 per Common Share and 4,930,740 Common Shares issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through Shares") at a price of [Read more]
News
CaiTerra International Energy Corporation Announces $5.0 Million Non-Brokered Private Placement of Common Shares and Flow-Through Common Shares
CALGARY, ALBERTA--(Marketwired - Dec. 12, 2014) - CaiTerra International Energy Corporation (TSX VENTURE:CTI) (the "Company") announces that it intends to complete a non-brokered private placement of: (i) up to 17,500,000 common shares Company ("Common Shares") at a price of $0.20 per Common Share; and (ii) up to 6,000,000 common shares of the Company issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) with respect to Canadian exploration expense ("Flow-Through Shares") at a [Read more]
Following report that 2015 demand will be lower than previously thought, oil prices fall again
NEW YORK - Another forecast of weak global demand, another nosedive for oil.A 6-month rout in the price of oil accelerated this week, culminating in a 4 per cent drop Friday — its third such drop in 5 days — to its lowest level since May of 2009, when the U.S. was still in recession. Friday's trigger was a lowered expectation for oil consumption from the International Energy Agency.The benchmark U.S. oil price closed down $2.14 to close at $57.81 a barrel in New York. It is now 46 per cent below [Read more]
Groundstar Resources Limited Announces Non-Brokered Private Placement Financing of Up to $1.5 Million
CALGARY, ALBERTA--(Marketwired - Dec. 11, 2014) - Groundstar Resources Limited (TSX VENTURE:GSA) (the "Company") is pleased to announce that it intends to complete an offering of up to 15,000,000 common shares in the capital of the Company to be issued on a "flow-through" basis within the meaning of the Income Tax Act (Canada) (the "Flow-Through Shares") at a price of $0.10 per Flow-Through Share by way of a non-brokered private placement for total gross proceeds of up to $1.5 million (the [Read more]
Trilogy Energy Corp. Implements a Normal Course Issuer Bid
CALGARY, ALBERTA--(Marketwired - Dec. 12, 2014) - Trilogy Energy Corp. ("Trilogy") (TSX:TET) announces today that, further to its December 8th, 2014 news release, it has made the necessary filings, and received the necessary approvals, to make a normal course issuer bid through the facilities of the Toronto Stock Exchange ("TSX"). Trilogy may purchase up to 6,490,470 of its common shares ("Common Shares"), representing approximately 10% of the 64,904,707 public float outstanding as at December [Read more]
Toro Announces Expiry of Rights Offering and Final Share Consolidation Ratio
CALGARY, ALBERTA--(Marketwired - Dec. 12, 2014) - Toro Oil & Gas Ltd. (the "Company" or "Toro") announces that its previously disclosed rights offering expired on Monday, December 8, 2014. Shareholders were entitled to one right per common share with six rights exchangeable into one Toro common share at an exercise price of $0.03375 per share. Subscribers to Toro's $25 million recapitalization financing were prohibited from participating in the rights offering. 81.68% of total possible [Read more]
Keyera to Acquire Majority Ownership Interest in Ricinus Gas Plant
CALGARY, Dec. 12, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it has reached an agreement to acquire a 70.79% ownership interest in the Ricinus deep-cut gas plant in west central Alberta (the "Ricinus Plant") for $65 million. The acquisition is subject to closing conditions including but not limited to the waiver or expiration of rights of first refusal held by the other owners of the Ricinus Plant. The Ricinus Plant, which is located 22 kilometres south of Keyera's [Read more]
Ivanhoe Energy provides update on the status of ongoing strategic and financial initiatives to obtain additional financing
Company does not expect to make the cash interest payment due December 31 on convertible debentures VANCOUVER, Dec. 12, 2014 /CNW/ - Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) (TSX: IE.DB) announced today that the company's Board of Directors has been engaged in a process with its financial advisors to devise and implement a strategy to address Ivanhoe's liquidity, funding requirements and capital structure. Strategic and financial alternatives under consideration are focused on relieving [Read more]
Husky Energy Begins Steam Operations at Sunrise Energy Project
CALGARY, ALBERTA--(Marketwired - Dec. 11, 2014) - Husky Energy (TSX:HSE) has commenced steam operations at the in situ Sunrise Energy Project in northeast Alberta. "The production of steam is the last major milestone before first oil," said CEO Asim Ghosh. "As a longer-life project, Sunrise will deliver steady production and cash flow to support our expansive portfolio of projects." The Phase 1 60,000 barrels per day (bbls/day, gross) project is being developed with two processing plants. [Read more]
Yoho Resources Inc. Announces Year End Financial Results, Corporate Reserves and Duvernay Contingent Resource Assessments as at September 30, 2014
CALGARY, ALBERTA--(Marketwired - Dec. 11, 2014) - Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) has filed today on SEDAR the financial statements for the year ended September 30, 2014 and the related managements' discussion and analysis ("MD&A"). Yoho today also filed its Annual Information Form for the year ended September 30, 2014 which includes the Company's reserves data and other oil and gas information for the year ended September 30, 2014 as mandated by National [Read more]