Headwater Exploration Inc. announces that the Company's board of directors has approved a 2021 capital budget of $85 - $90 million designed to provide December 2020 to fourth quarter average 2021 production growth of approximately 125%. The approved budget is expected to leave Headwater with a working capital surplus of approximately $45 million at the end of 2021. 2021 GUIDANCE SUMMARY Average Daily Production Crude oil [...]
Headwater Exploration Inc. announces it has received written consents from shareholders holding a majority of the issued and outstanding common shares of Headwater approving the Company's previously announced transaction with Cenovus Energy Inc. . Pursuant to the Transaction, Headwater will acquire 100% of Cenovus' assets in the Marten Hills area of Alberta. Headwater will issue 50 million Common Shares and 15 million [...]
Headwater Exploration Inc. announces it has entered into a definitive agreement with Cenovus Energy Inc. for a transformational transaction to acquire 100% of Cenovus' assets in the Marten Hills area of Alberta for approximately $100 million. Pursuant to the Transaction, Headwater will acquire a 100% working interest in approximately 2,800 barrels per day of medium oil production and 270 net sections of Clearwater rights [...]
Headwater Exploration Inc. announces its operating and financial results for the three and six months ended June 30, 2020. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited condensed interim financial statements and the related management's discussion and analysis . These filings will be available at www.sedar.com and the Company's website at [...]
Headwater Exploration Inc. is pleased to announce that the nominees listed in the management information circular dated April 27, 2020 were elected as directors of Headwater at Headwater's annual and special meeting of shareholders held today, June 15, 2020. The detailed results of the vote for the election of directors held at the Meeting are set out below. Election of Directors On a vote by electronic ballot, each of [...]
Headwater Exploration Inc. announces its operating and financial results for the three months ended March 31, 2020. Selected financial and operational information is outlined below and should be read in conjunction with the unaudited interim condensed financial statements and the related management's discussion and analysis . These filings will be available at www.sedar.com and the Company's website at [...]
?Headwater Exploration Inc. announces?its operating and financial results for the three?months and year ended December 31, 2019. Selected financial and operational information is outlined below and should be read in conjunction with the audited financial statements and the related management's discussion and analysis .? These filings will be available at www.sedar.com and the Company's website at www.headwaterexp.com. In [...]
Headwater Exploration Inc. is pleased to announce that it has completed its previously announced financing transactions for aggregate gross proceeds of $50.0 million, the appointment of a new management team and the reconstitution of the board of directors of the Company . Private Placements The financing transactions consisted of: a non-brokered private placement of units of the Company for gross proceeds of $20.0 [...]
Corridor Resources Inc. is pleased to announce the closing of its previously announced brokered private placement offering of subscription receipts of Corridor pursuant to which Corridor issued 32,608,696 Subscription Receipts at an issue price of $0.92 per Subscription Receipt for aggregate proceeds of $30 million. Stifel FirstEnergy and National Bank Financial Inc. co-led the Subscription Receipt Private Placement [...]
Corridor Resources Inc. announces an update to the financing previously announced in a press release issued by the Company on January 13, 2020. Further to an investment agreement with Neil Roszell, Jason Jaskela, Ali Horvath, Jonathan Grimwood and Terry Danku, Corridor agreed to: a non-brokered private placement of units of Corridor for gross proceeds of $20.0 million; a brokered private placement of common shares of [...]
Corridor Resources Inc. is pleased to announce it has entered into a definitive investment agreement with Neil Roszell, Jason Jaskela, Ali Horvath, Jonathan Grimwood and Terry Danku which provides for: a non-brokered private placement of units of Corridor for gross proceeds of $20.0 million ; a brokered private placement of common shares of Corridor for gross proceeds of up to $30.0 million ; the appointment of a new [...]
Corridor Resources Inc. announced today its third quarter financial results. The following table provides a summary of Corridor’s financial and operating results for the three and nine months ended September 30, 2019, with comparisons to the three and nine months ended September 30, 2018. Corridor's unaudited financial statements and management's discussion and analysis for the third quarter have been filed on SEDAR [...]