Petrodorado Energy is providing an update to its press release of August 8, 2017 wherein it announced that it had entered into an amalgamation agreement dated August 7, 2017, as amended, with Western Atlas Resources pursuant to which Western Atlas would amalgamate with Petrodorado’s wholly owned subsidiary, 1128014 B.C. Ltd., which would continue as one corporation wholly owned by the Company. Petrodorado is currently in [...]
Petrodorado Energy, is pleased to announce that it has set a meeting date of March 7, 2018 at 10 a.m. for the special meeting to be held to consider the reverse take-over transaction with Western Atlas Resources, amongst other matters, all as more particularly described in previous news releases of the Company, including the most recent news release of the Company dated February 5, 2018. The Meeting will be held at the [...]
Petrodorado Energy has confirmed that the Company’s proposed Reverse Takeover Transaction with Western Atlas Resources has been conditionally approved by the Executive Listing Committee of the TSX Venture Exchange. Final acceptance of the RTO and the listing of the common shares in the capital of the Resulting Issuer is conditional upon completion of all remaining filing requirements under sections 5.1 to 5.3 of Exchange [...]
Petrodorado Energy is pleased to provide an update to its press release of August 8, 2017 wherein it announced that it had entered into an amalgamation agreement dated August 7, 2017 with Western Atlas Resources Inc. pursuant to which Western Atlas will amalgamate with Petrodorado’s wholly owned subsidiary, 1128014 B.C. Ltd., which will continue as one corporation wholly owned by the Company. Pursuant to an amending [...]
Petrodorado Energy is pleased to announce that it has entered into an amalgamation agreement dated August 7, 2017 with Western Atlas Resourcespursuant to which WAR will amalgamate with Petrodorado’s wholly owned subsidiary 1128014 B.C. Ltd., which will continue as one corporation wholly owned by the Company. Pursuant to the Amalgamation Agreement, WAR’s shareholders will be issued an aggregate of 31,313,150 common shares [...]
Petrodorado Energy is pleased to announce that, further to its news release dated April 25, 2017, Petrodorado has closed its non-brokered private placement raising gross proceeds of $1,000,000 through the issuance of 13,333,333 units at a price of $0.075 per Unit. Each Unit consists of one common share and one-half of one share purchase warrant, with each full warrant entitling the holder to acquire an additional common [...]
Petrodorado Energy has filed its interim Financial Results and Management Discussion & Analysis for the three months ended March 31, 2017. During the three months ended March 31, 2017, the Company closed the transaction to sell its remaining corporate operations in Colombia through the sale of its wholly-owned subsidiary. Upon closing of the sale, management has ceased operations in Colombia and, as such, has reclassified [...]
Petrodorado Energy is pleased to announce that it will conduct a non-brokered private placement of up to 13,333,333 units at a price of $0.075 per Unit, for gross proceeds of up to $1,000,000. Each Unit will consist of one common share and one-half-of-one common share purchase warrant, each full warrant entitling the holder to acquire an additional common share at a price of $0.15 per share for a period of sixty months.
Petrodorado Energy has filed its 2016 Year Financial Results and Management Discussion & Analysis. Financial Statements Highlights include: Special Distribution of $16.0 million to Company shareholders Working capital of $1.0 million Virtually no remaining contractual commitments $ (U.S. dollars) Year ended December 31, 2016 Year ended December 31, 2015 Wor...
Petrodorado Energy announces the issuance of stock options to directors and officers of the Company. The Company announces that the Board of Directors has awarded a total of 560,000 options to directors and officers. The options are exercisable into common shares in the capital of the Company at an exercise price of $0.10 per share. The options vest as to one third immediately with an additional one third vesting on the [...]
Petrodorado Energy has filed its interim Financial Results and Management Discussion & Analysis for the three and nine months ended September 30, 2016. Financial Statements Highlights include: - Special Distribution (as defined below) of $16.0 million to Company shareholders - Working capital of $1.1 million, total available funds of $1.2 million * - Virtually no remaining contractual commitments $ (U.S. dollars [...]
Petrodorado Energy provides an operations update and announces a 5:1 consolidation of the Company’s common shares. Operations Update The Company has successfully executed a settlement agreement with the operating partner of the Buganviles Block with regards to the release of Petrodorado from future involvement in this exploration area. Under the terms of the settlement agreement, the operating partner will indemnify and [...]
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