CALGARY, Alberta, Sept. 30, 2024 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the closing of the initial $10.0 million subscription by its principal shareholder, PCEP Canadian Holdco, LLC (“PCEP”), under the Company’s previously-announced $13.2 million rights offering (the “Rights Offering”).

Up to 529,579,000 common shares of Prairie Provident (“Common Shares”) are issuable under the Rights Offering at a subscription price of $0.025 per share, for an aggregate subscription price, if fully subscribed, of $13,239,475. The $10.0 million subscription by PCEP represents its pro rata share (approximately 75.5%) of the Rights … Continue Reading

CALGARY, Alberta, Sept. 13, 2024 (GLOBE NEWSWIRE) — September 13, 2024 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces an agreement to extend the maturity of its senior secured credit facility (the “First Lien Loan”) to March 31, 2026 and enhance its flexibility with modified covenants. The Company also announces a $13.2 million rights offering (the “Rights Offering”) supported by participation commitments of $12 million, comprised of $11.6 million from its largest shareholder, PCEP Canadian Holdco, LLC (“PCEP”), and $400,000 from directors and management, as well as complementary amendments to its outstanding second lien notes.

Net … Continue Reading

CALGARY, Alberta, Aug. 30, 2024 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces an extension to the maturity date of its senior secured credit facility (the “First Lien Loan”) until September 20, 2024 as well as the deferral of all interest payment obligations thereunder. The Company and its lender are actively engaged in discussions on a further extension of the First Lien Loan.

ABOUT PRAIRIE PROVIDENT

Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta, including a position in the emerging Basal Quartz … Continue Reading

CALGARY, Alberta, Aug. 14, 2024 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its operating and financial results for the three and six months ended June 30, 2024. The Company’s interim consolidated financial statements and related Management’s Discussion and Analysis (MD&A) for the second quarter are available on its website at www.ppr.ca and filed on SEDAR+ at www.sedarplus.ca.

SECOND QUARTER 2024 FINANCIAL AND OPERATING HIGHLIGHTS

CALGARY, Alberta, July 30, 2024 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces an extension to the maturity date of its senior secured credit facility (the “First Lien Loan”) until August 30, 2024 as well as the deferral of all interest payment obligations thereunder. The Company and its lender are actively engaged in discussions on a further extension of the First Lien Loan.

The Company also announces that David Stobbe, Senior Controller and Chief Financial Officer has departed the Company. The Company is recruiting a replacement and will provide an update as details become … Continue Reading

CALGARY, Alberta, June 27, 2024 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces an extension to the maturity date of its senior secured credit facility (the “First Lien Loan”) until July 31, 2024 as well as the deferral of all interest payment obligations thereunder. The Company and its lender are actively engaged in discussions on a further extension of the First Lien Loan.

ABOUT PRAIRIE PROVIDENT

Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta, including a position in the emerging Basal Quartz … Continue Reading

CALGARY, Alberta, May 15, 2024 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces voting results from its annual shareholders’ meeting held today.

At the meeting, each of Patrick McDonald, Glenn Hamilton, Dale Miller, Ryan Rawlyk, Matthew Shyba and Kathy Turgeon was elected, by ordinary resolution, as a director of the Company for the ensuing year, to hold office until the close of the next annual meeting of shareholders.

Following are details as to the number of votes cast ‘for’ the election of each director nominee at the meeting, and the percentage that figure represented … Continue Reading

CALGARY, Alberta, May 15, 2024 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its operating and financial results for the first quarter ended March 31, 2024. The Company’s interim consolidated financial statements and related Management’s Discussion and Analysis (MD&A) for the quarter are available on its website at www.ppr.ca and filed on SEDAR+ at www.sedarplus.ca.

FIRST QUARTER 2024 FINANCIAL AND OPERATING HIGHLIGHTS

CALGARY, Alberta, April 02, 2024 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces its operating and financial results for the fourth quarter and year ended 2023. Prairie Provident’s audited annual consolidated financial statements and related Management’s Discussion and Analysis (MD&A) for the year ended December 31, 2023 and Annual Information Form dated April 2, 2024 for the same period are available on the Company’s website at www.ppr.ca and filed on SEDAR+ at www.sedarplus.ca.

2023 ANNUAL FINANCIAL AND OPERATIONAL HIGHLIGHTS

CALGARY, Alberta, March 05, 2024 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce that it has closed the previously announced sales of its Evi assets in Northern Alberta for net proceeds of $22.5 million after adjustments, based on an effective date of August 1, 2023, and certain non-core assets located in the Provost area of Central Alberta for net proceeds of $1.7 million after adjustments, based on an effective date of July 1, 2023. The purchasers have assumed all future abandonment and reclamation obligations (ARO) pertaining to the sold assets, which carry … Continue Reading

CALGARY, Alberta, Feb. 22, 2024 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX: PPR) is pleased to announce the results of its December 31, 2023 independent reserves evaluation (the “Sproule Report”) conducted by Sproule Associates Limited (“Sproule”).

The Sproule Report highlights that despite minimal capital spending, reserves additions were realized year-over-year driven primarily by positive technical revisions associated with lower fixed costs, reactivations, and optimizations. A 16-year reserve life index on total proved reserves underscores the potential of the assets to deliver meaningful growth and shareholder value.

CALGARY, Alberta, Dec. 15, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce the appointment of Mr. Ryan Rawlyk to the Board of Directors effective January 1, 2024. Its appointment coincides with the previous announcement appointing Mr. Rawlyk as the President & CEO effective January 1, 2024.

ABOUT PRAIRIE PROVIDENT:

Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta. The Company’s strategy is to optimize cash flows from our existing assets, providing low risk development and stable low decline cash flow.… Continue Reading