ROK Resources Inc. is pleased to announce that it intends to proceed with a $4 million financing consisting of senior secured notes of the Company , with each Note consisting of a principal amount of $1,000 and with interest payable thereon at a rate of 14% per annum and with a term of three years from the date of issuance thereof , but with the ability of the Company to fully repay the Notes at no penalty after two years [...]
Regina, Saskatchewan: ROK Resources Inc. is pleased to announce that it has closed on its previously announced bolt-on acquisition of certain non-operated producing oil and gas assets in Southern Saskatchewan, along with associated land leases, a facility, and related assets. The Acquisition has an effective date of April 1, 2021. Total consideration paid for the Asset was $1,500,000 in cash and 2,000,000 Class B common [...]
ROK Resources Inc. has filed its 2020 Year Financial Results, Reserve Report, and Management Discussion & Analysis. Financial Statements Highlights include: Generated oil and gas revenues of $0.6 million, which was the result of the sale of 30,489 boe at an average price of $19.63 per boe. Working capital of $1.6 million to be used in exploration activities and general operations. $ Year ended December 31, 2020 Year ended [...]
ROK Resources Inc. is pleased to announce that it has entered into a Purchase and Sale Agreement, dated March 26, 2021 to acquire certain producing oil and gas assets in Southeastern Saskatchewan. Closing of the acquisition is expected to occur on or about April 30, 2021 with an effective date of April 1, 2021, subject to the completion of a financing transaction to provide funding to purchase the Assets, as well as the [...]
Not for Distribution to U.S. News Wire Services or Dissemination in the United States ROK Resources Inc. is pleased to announce that it intends to proceed with a financing consisting of units of the Company , with each Unit consisting of one common share in the capital of the Company and one half of one common share purchase warrant at a price of $0.20 per Unit for gross proceeds of up to $2,200,000 . Each Warrant will be [...]
ROK Resources Inc. is pleased to announce that it has entered into a Purchase and Sale Agreement, dated March 15, 2021 to acquire certain producing oil and gas assets in Southeastern Saskatchewan. Closing of the acquisition is expected to occur on or about April 30, 2021 with an effective date of April 1, 2021, subject to the completion of a diligence review on the Assets, the completion of a financing transaction to [...]
ROK Resources Inc. , announced the results of its December 31, 2020 independent reserves evaluation. The evaluation for the Company as at December 31, 2020 was conducted by GLJ Ltd. of Calgary and was conducted in accordance with the definitions, standards and procedures contained in the Canadian Oil and Gas Evaluators Handbook and National Instrument 51-101 - Standards for Disclosure of Oil and Gas Activities . Please [...]
ROK Resources Inc. is pleased to announce that it has closed its previously announced financing consisting of units of the Company at a price of $0.20 per Unit for total gross proceeds of $1,392,000 . Each Unit consisted of a common share in the capital of the Company and included one half of one common share purchase warrant , with each Warrant exercisable at a price of $0.30 to purchase one Common Share for a period of [...]
Not for distribution to U.S. news wire services or dissemination in the United States ROK Resources Inc. announces that, pursuant to its previous news release dated August 28, 2020, it intends to amend the terms of its private placement financing to add warrants such that the financing will now consist of units of the Company , with each Unit consisting of one common share in the capital of the Company and one half of one [...]
ROK Resources Inc. is pleased to announce that it intends to proceed with a financing consisting of common shares in the capital of the Company at a price of $0.20 per Common Share for gross proceeds of up to $2,000,000 . The Offering is expected to be non-brokered and is subject to approval of the TSX Venture Exchange, including the pricing and other material terms thereof. The Company expects to use the proceeds from [...]
/ ACCESSWIRE / August 21, 2020 -ROK Resources Inc. announces that it has filed its interim Financial Results and Management Discussion & Analysis for the three and six months ended June 30, 2020. Financial Statements Highlights include: In June 2020, the Company closed the acquisition of producing oil and gas properties located within the Glen Ewen area of Southeast Saskatchewan. The acquired assets also include [...]
Not for distribution to U.S. news wire services or dissemination in the United States ROK Resources Inc. is pleased to announce its Glen Ewen operating results and the addition of production in Saskatchewan as well as providing a corporate overview and update. Commenting today, President and CEO Cam Taylor stated: "With the acquisition of the Glen Ewen Property and the addition of Jeff Chisholm and Kent McDougall to our [...]
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