CALGARY, Dec. 10, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) and Angle Energy Inc. ("Angle") (TSX: NGL) are pleased to announce that they have today received securityholder approval for the previously announced plan of arrangement (the "Arrangement") pursuant to which Bellatrix will acquire all the issued and outstanding common shares of Angle (the "Angle Shares") and 5.75% convertible unsecured subordinated debentures of Angle with a maturity [Read more]
News
First Mountain Exploration Ltd. Announces the Commencement of Drilling Operations at Atlee Buffalo
CALGARY, Dec. 10, 2013 /CNW/ - First Mountain Exploration Ltd. ("First Mountain" or the "Company") (TSX Venture: FMX) is pleased to announce it has commenced a horizontal drilling program in the Atlee Buffalo area of Alberta. On December 9, 2013 the well FMEL 03HZ ATL-BUFF 14-20-21-5W4M (the "well") was spud and it is expected the well will reach a total depth of approximately 1,765 meters on December 17, 2013. Once completed, First Mountain plans to install production facilities and have the [Read more]
Hemisphere Energy Closes Bought Deal Equity Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 10, 2013) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Hemisphere Energy Corporation ("Hemisphere" or the "Company") (TSX VENTURE:HME) is pleased to announce that it has closed the bought deal equity financing announced on November 21, 2013 (the "Offering"). The Company issued 4,182,550 units, comprised of one common [Read more]
Sunshine Oilsands President & CEO and CFO Resign
Sunshine Oilsands President & CEO, John Zahary and CFO Robert Pearce, have resigned from the company. In a press release the company very briefly mentions their departures: The Board of Directors has accepted the resignations of John Zahary, President and Chief Executive Officer and of Robert Pearce, Chief Financial Officer. Assuming the position of interm President & CEO will be Executive Vice President, Corporate Operations, Owen Sealock. Click here to read the entire [Read more]
TORC Oil & Gas Ltd. Announces 2014 Disciplined Growth Budget and Sustainable Increase to Dividend
CALGARY, Dec. 10, 2013 /CNW/ - TORC Oil & Gas Ltd. ("TORC" or the "Company") (TSX: TOG) is pleased to announce that its Board of Directors has approved a 2014 capital budget of $125 million. TORC's strategic objectives associated with the 2014 capital budget are consistent with the Company's long term objectives of delivering disciplined growth in combination with a sustainable and growing dividend. TORC's 2014 capital budget is specifically focused on: Investing in high rate of return light [Read more]
Sunshine Oilsands Ltd. Announces First Closing of Private Placement Financing of HK $336 Million of Common Shares and Warrants under the General Mandate and Senior Management Changes
CALGARY, Alberta and HONG KONG, Dec. 10, 2013 /CNW/ - First Closing of Private Placement Sunshine Oilsands Ltd. ("Sunshine" or the "Corporation") (HKEX: 2012, TSX: SUO) is pleased to announce that it has completed the first closing of its private placement of units of the Corporation ("Units") at a price of HK $1.70 per Unit (approximately CDN $0.23 per Unit) (the "Subscription Price"), which was announced by the Corporation on December 3, 2013. Each Unit is comprised of one Class "A" Common [Read more]
PanTerra Announces Non-Brokered Private Placement
TSX-V: PRC CALGARY, Dec. 9, 2013 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") is pleased to announce that it plans to complete a non-brokered private placement of up to 10,000,000 units (the "Units") at a price of $0.05 per Unit for total gross proceeds to the Corporation of up to $500,000 (the "Offering"). Each Unit will consist of one common share (a "Common Share") in the capital of the Corporation and one-half of one warrant to purchase a Common Share (a "Warrant"). [Read more]
Canadian Oil Sands’ Board Announces Selection of Successor President and CEO
CALGARY, ALBERTA--(Marketwired - Dec. 9, 2013) - Canadian Oil Sands Limited (COS) (TSX:COS)(OCTQX:COSWF) today announced that its Board of Directors has selected Ryan Kubik, the current Chief Financial Officer of COS, to be the President and Chief Executive Officer of the company effective January 1, 2014. Mr. Kubik will also become a director of COS. Mr. Kubik succeeds Marcel Coutu upon his retirement from these positions on January 1, 2014. Ryan Kubik, CA, CFA, has over 20 years of [Read more]
Canadian Oil Sands’ 2014 Budget: Major Capital Projects Nearing Completion
CALGARY, ALBERTA--(Marketwired - Dec. 9, 2013) - Canadian Oil Sands Limited (COS) (TSX:COS)(OTCQX:COSWF) today announced 2014 capital expenditures of $1.1 billion, with the majority of expenditures directed to the previously disclosed major projects. COS is estimating a production range for Syncrude of 95 million to 110 million barrels in 2014; equivalent to 34.9 million barrels to 40.4 million barrels net to COS' 36.74 per cent interest in the project. 2014 Capital Program [Read more]
Traverse Energy Ltd. Closes First Tranche of Private Placement Financing
CALGARY, ALBERTA--(Marketwired - Dec. 9, 2013) - Traverse Energy Ltd. (the "Corporation") (TSX VENTURE:TVL) is pleased to announce that it has successfully closed a first tranche of its previously announced non-brokered private placement (the "Private Placement") of common shares of the Corporation ("Shares") issued on a "flow through" basis eligible for the renunciation of Canadian development expenses within the meaning of the Income Tax Act (Canada). The Corporation issued 2,391,250 Shares [Read more]