HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - Dec. 20, 2015) - The Board of Directors (the "Board") of Sunshine Oilsands Ltd. (the "Corporation" or "Sunshine") (HKSE:2012) is pleased to announce the following: APPOINTMENT OF CHIEF FINANCIAL OFFICER The Corporation is pleased to announce that Mr. Qiping Men ("Mr. Men") has been appointed as the Chief Financial Officer of the Corporation with effect from December 18, 2015 (Hong Kong Time)/ December 18, 2015 (Calgary Time). Mr. [Read more]
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Marquee Energy Announces Private Placement of Flow-Through Shares
CALGARY, AB--(Marketwired - December 18, 2015) - Marquee Energy Ltd. ("Marquee" or the "Company") (TSX VENTURE: MQL) (OTCQX: MQLXF) announces that it intends to complete a non-brokered private placement of up to 2,500,000 common shares in the capital of Marquee to be issued on a Canadian exploration expense ("CEE") flow-through basis under the Income Tax Act (Canada) at a price of $0.60 per share for aggregate gross proceeds of up to $1.5 million. The shares will be subject to a four month hold [Read more]
Relentless Resources Announces Completion of Private Placement
CALGARY, ALBERTA--(Marketwired - Dec. 18, 2015) - Relentless Resources Ltd. ("Relentless" or the "Company") (TSX VENTURE:RRL) is pleased to announce the completion of its previously announced private placement. The Company issued 5,625,000 common shares of the Company issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through Shares") at a price of $0.16 per Flow-Through Share for aggregate gross proceeds of $900,000. The Flow-Through Shares are subject to a four [Read more]
Oil price collapse named Business Story of the Year for second year in a row
CALGARY - The price of oil — and its far-reaching impact on the Canadian economy — has once again been voted The Canadian Press Business Story of the Year.Editors and news directors across the country chose the crude collapse in a landslide with 24 votes. It's the second year in a row that story got top billing in the annual survey."Was there any Canadian business story this year that wasn't, in part, driven by tumbling oil prices?" asked Nicole MacAdam, senior editor at the Financial Post."From [Read more]
Final Alberta Land Sale for 2015 Nets $12.57 Million
Yesterday's Alberta land sale brought in a total of $12.57 million. This brings the final Alberta land sale proceeds for 2015 to $294.98 million. For comparison, in 2014, Alberta earned $494.04 million which represents a decrease of 40.3% year over year. The chart below shows this sale at 10th highest overall for 2015 which puts it about the middle of the pack. Overall, 47 companies successful completed bids on 111 separate land parcels. Total land area leased was 58,286 hectares with [Read more]
Striker Exploration Corp. Closes Sale of Non-Core Assets for $5.2 Million
CALGARY, ALBERTA--(Marketwired - Dec. 18, 2015) - Striker Exploration Corp. ("Striker" or the "Company") (TSX VENTURE:SKX) is pleased to announce the closing of its previously announced disposition of certain non-core assets for cash consideration of $5.2 million, before closing adjustments. The disposition is effective October 1, 2015, and the assets being sold represent Striker's gross overriding royalty holdings which averaged 48 boe/d for the month of September, 2015, consisting of 44 bbl/d [Read more]
Westcore Announces Increase to Financing Size
SASKATOON, SASKATCHEWAN--(Marketwired - Dec. 17, 2015) - WESTCORE ENERGY LTD. (TSX VENTURE:WTR) ("Westcore" or the "Company") reports that the size of its previously announced equity offering of units (see news release November 19, 2015) has been increased from $500,000 to $600,000. Each unit is being offered at a subscription price of $0.02 per unit and will consist of one common share of the Company and one common share purchase warrant. Each will entitle the holder thereof to acquire one [Read more]
Kinder Morgan presses on with review process while waiting on word from Ottawa
CALGARY - Kinder Morgan gave its final arguments for the proposed Trans Mountain pipeline expansion Thursday but still doesn't know what changes are in store from the new federal government.Ian Anderson, president of Kinder Morgan Canada, said in a conference call he appreciates that federal ministers have given reassurance that projects won't go back to square one in the National Energy Board review, but he is still waiting to hear details of any potential changes to the process."They've said [Read more]
Bonterra Energy Corp. Announces 2016 Capital Budget, Operations Update and Dividend Adjustment
CALGARY, ALBERTA--(Marketwired - Dec. 17, 2015) - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) ("Bonterra" or "the Company") today announces its 2016 capital budget, an operations update, and an adjustment to its dividend level to $0.10 per share commencing with the December 2015 dividend payable January 29, 2016. With the recent further deterioration in commodity prices, Bonterra is proactively making capital allocation decisions to ensure the Company is able to maintain its [Read more]
Chinook Energy Inc. Announces First Half 2016 Capital Program and Amended Credit Facility
CALGARY, ALBERTA--(Marketwired - Dec. 17, 2015) - Chinook Energy Inc. (TSX:CKE) ("our", "we", "us", "Chinook" or the "Company") today announced that its Board of Directors has approved a $13 million capital program for the first half of 2016. Chinook also announced its amended credit facility following the completion of the semi-annual review of its facility by its bank syndicate. First Half 2016 Capital Program Chinook's capital program for the first half of 2016 includes $8 million to [Read more]