CALGARY, ALBERTA–(Marketwired – Dec. 21, 2016) – Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSX VENTURE:MAH)(OTCQB:MKSEF) announces that it plans to complete a non-brokered private placement of up to 12,500,000 units (the “Units”) of Marksmen at a price of $0.10 per Unit for aggregate gross proceeds of up to $1,250,000 (the “Offering”). There is no minimum Offering. The Units will be comprised of one (1) common share (“Common Share”) and one-half of one (1/2) share purchase warrant (“Warrant”) of Marksmen. Each whole Warrant entitles the holder thereof to purchase one Common Share for $0.25 expiring two (2) years from the … Continue Reading
CGX Energy Announces Changes to its Board of Directors
TORONTO, Dec. 21, 2016 /CNW/ – CGX Energy Inc. (TSX-V – OYL) (“CGX Energy” or the “Company“) announced today that Messrs. Ronald Pantin, Serafino Iacono, Marino Ostos, and Michael Galego (collectively, the “Pacific Nominees“) have all resigned as members of the board of directors of the Company (the “Board“), effective November 30, 2016. The Company would like to thank the Pacific Nominees for their contributions.
The Company is pleased to announce the appointments of Messrs. Daniel A. Gillett and Erik Lyngberg to the board of directors effective immediately and subject to applicable regulatory approval. Mr. … Continue Reading
Saturn Minerals Inc. Extends Private Placement
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 21, 2016) – Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) (“Saturn” or the “Company”) is pleased to announce an extension and increase of its previously announced Private Placement. Based on current acquisition, exploration and development opportunities management of the Company has decided to extend and increase the Private Placement from 10,000,000 Units (the “Units”) at a price of CAD $0.10 per Unit for gross proceeds of up to CAD $1,000,000 (one million dollars) to 40,000,000 Units for gross proceeds of up to CAD $4,000,000 (four million dollars), on the same terms and conditions previously announced.
Each Unit … Continue Reading
Pengrowth Cancels Debentureholder Meeting
CALGARY, ALBERTA–(Marketwired – Dec. 21, 2016) – Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) (“Pengrowth” or the “Company”) announces an update to its plan regarding the early redemption of its outstanding 6.25% convertible unsecured subordinated debentures due March 31, 2017 (the “Debentures”). As a result of ongoing negotiations with its term noteholders, to amend certain covenants in the notes and to extend the terms of some series of notes, the Company has agreed to cancel the meeting of Debentureholders that was scheduled to be held on Thursday, December 22, 2016 and to forgo its plan to early redeem the Debentures on December 30, … Continue Reading
Serinus Energy Inc.: Further Extension of Satu Mare Concession
CALGARY, ALBERTA–(Marketwired – Dec. 21, 2016) – Serinus Energy Inc. (“Serinus”, “SEN” or the “Company”) (TSX:SEN)(WARSAW:SEN) is pleased to announce that today the National Agency for Mineral Resources (“NAMR”), the Romanian regulator, has granted an additional extension approval for the Phase 3 Extension Addendum (the “Addendum”) for the Satu Mare License (“Satu Mare”) in northwest Romania. On October 31, 2016, the Company announced the approval of the Addendum but noted that the start of the three year term was retroactively set to May 28, 2015, the date that the Company originally applied for the extension. Given that the delay in … Continue Reading
TransGlobe Energy Corporation Announces Closing of Canadian Asset Acquisition and Mid-Quarter Egypt Update for Q4 2016
CALGARY, ALBERTA–(Marketwired – Dec. 20, 2016) – TransGlobe Energy Corporation (TSX:TGL)(NASDAQ:TGA) (“TransGlobe” or the “Company”) announces the closing of the Canadian acquisition in the Harmattan area of west central Alberta and a mid-quarter Egypt update for the fourth quarter of 2016. All dollar values are expressed in Canadian dollars unless otherwise stated.
Acquisition Highlights- Canada
Lonestar Closes Debenture Financing
SYLVAN LAKE, ALBERTA–(Marketwired – Dec. 20, 2016) – Lonestar West Inc. (TSX VENTURE:LSI) (the “Company” and/or “Lonestar“) announces that it has completed a subordinate secured debenture financing in the aggregate amount of $800,000 (the “Debentures“). The Debentures carry an annual interest rate of 14% and have a maturity date of January 31, 2019. The obligations under the Debentures are secured by the Company’s grant of a security interest in its assets (including the assets of its subsidiaries) in favour of the debenture holders. This security interest is subordinate to the Company’s indebtedness held by HSBC Bank Canada and rank equally … Continue Reading
Bonterra Energy Corp. Announces 2017 Operational and Financial Budget and Operations Update for 2016
CALGARY, ALBERTA–(Marketwired – Dec. 20, 2016) – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) (“Bonterra” or “the Company”) today announces its 2017 operational and financial budget.
In the interests of maintaining a prudent balance between funds flow and capital spending plus dividends, Bonterra has set its 2017 capital expenditures budget at approximately $70 million which will largely be directed to new wells and facility upgrades primarily in the Pembina Cardium area. Given Bonterra’s low corporate production decline rate of approximately 19 percent, the 2017 capital budget is anticipated to increase average annual production by approximately five percent over 2016, with … Continue Reading
Changfeng Announces Mailing of Management Information Circular for Special Meeting to Approve Continuation into British Columbia
TORONTO, ONTARIO–(Marketwired – Dec. 20, 2016) – Changfeng Energy Inc. (TSX VENTURE:CFY) (“Changfeng” or the “Company“), announced today that the Management Information Circular relating to the special meeting of shareholders of the Company to be held on January 23, 2017 (the “Meeting“) has been filed on SEDAR and mailed to the holders of common shares of the Company.
The Meeting has been called to approve a proposed continuation of the Company into the provincial jurisdiction of British Columbia in order to facilitate the application of the Company for listing on The Stock Exchange of Hong Kong Limited that the Company … Continue Reading
Jadestone Energy appoints new Chief Financial Officer
Dan Young joins leadership team driving new strategy
SINGAPORE, SINGAPORE–(Marketwired – Dec. 20, 2016) – Jadestone Energy Inc. (TSX VENTURE:JSE) (the “Company”), is pleased to announce the appointment of energy sector specialist, Dan Young, as its Chief Financial Officer, effective 18 January 2017.
Mr. Young has more than 20 years’ experience in senior oil and gas and natural resources investment banking, advisory and consulting roles, and joins the new-look leadership team driving a major shift in strategy for the Asia Pacific focused oil and gas group.
Jadestone Energy Executive Chairman, Paul Blakeley said: “We’re delighted to welcome Dan on board, … Continue Reading
Tornado Global Hydrovacs Announces Chief Financial Officer Departure
CALGARY, ALBERTA–(Marketwired – Dec. 20, 2016) – Tornado Global Hydrovacs Ltd. (“Tornado” or the “Company”) (TSX VENTURE:TGH) announces that Connie Ping, Chief Financial Officer and Vice President Administration is no longer an officer of Tornado.
Bill Rollins has been appointed Interim Chief Financial Officer of the Company. Mr. Rollins will serve in this role while the Board of Directors conducts a search for a new Chief Financial Officer.
About Tornado Global Hydrovacs Ltd.
The Company designs and manufactures hydrovac trucks in Canada and sells hydrovac trucks for excavation service providers to the oil and gas industry and the municipal markets … Continue Reading
Serinus Energy Inc.: CS-3 Well in Tunisia Temporarily Shut-in
CALGARY, ALBERTA–(Marketwired – Dec. 20, 2016) – Serinus Energy Inc. (“Serinus” or the “Company“) (TSX:SEN)(WARSAW:SEN) today announced that a failure of the electrical submersible pump (“ESP”) for Well CS-3 on the Chouesh Es Saida Concession in Tunisia has resulted in a temporary loss of full production from this well. Despite the diligent efforts of the Company’s Tunisian technical team, it has been determined that a replacement ESP will be required to bring this well back onto production. The average daily production for the fourth quarter to date from this well has been 260 barrels of oil equivalent per day (“BOE/d”), … Continue Reading