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 [...]
: Corridor Resources Inc. today announced that the Board of Directors has commenced a formal process to explore and develop strategic alternatives with a view to enhancing shareholder value. Corridor has retained RBC Capital Markets as financial advisor to assist in undertaking the Strategic Review. Corridor is uniquely positioned due to the significant cash on its balance sheet, no debt and its low decline producing [...]
Corridor Resources Inc. announced today its second quarter financial results. The following table provides a summary of Corridor’s financial and operating results for the three and six months ended June 30, 2019, with comparisons to the three and six months ended June 30, 2018. Corridor's unaudited financial statements and management's discussion and analysis for the second quarter have been filed on SEDAR at [...]
Corridor Resources Inc. is pleased to announce that the New Brunswick Government has undertaken an initial step in removing the hydraulic fracturing moratorium. We have been advised that the Government has commenced the process to allow for exemptions to the moratorium on a regional basis. We understand the Government intends to conduct a consultation process with New Brunswick First Nations prior to considering any [...]
Corridor Resources Inc. announces that a new management presentation was made by Steve Moran, President and CEO, at the annual meeting of shareholders held on May 14, 2019. This presentation is now available on Corridor's website. Corridor is also pleased to announce that shareholders approved at the Shareholders' Meeting each of the resolutions set forth in the Notice of 2019 Shareholders' Meeting and the Management [...]
Corridor Resources Inc. announced today its first quarter financial results for 2019. The following table provides a summary of Corridor’s financial and operating results for the three months ended March 31, 2019, with comparisons to the three months ended March 31, 2018. Corridor's unaudited financial statements and management's discussion and analysis for the first quarter have been filed on SEDAR at www.sedar.com [...]
Corridor Resources Inc. announced today its 2018 year-end financial results and reserves evaluations. Corridor's annual financial statements, annual management's discussion and analysis and Annual Information Form for the year ended December 31, 2018 have been filed on SEDAR at www.sedar.com and are available on Corridor's website at www.corridor.ca. All amounts referred to in this press release are in Canadian dollars [...]
: Corridor Resources Inc. is pleased to provide an update on its operations in New Brunswick. Update on Pricing, Additional Financial Hedges, Production and Guidance 2018/2019 In our press release dated November 13, 2018, Corridor announced the following financial hedges for the winter of 2018/2019: 2,500 mmbtupd of natural gas production at a fixed price of $US12.72/mmbtu for January 2019 and 2,500 mmbtupd at a fixed [...]
: 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, 2018, with comparisons to the three and nine months ended September 30, 2017. Corridor's unaudited financial statements and management's discussion and analysis for the third quarter have been filed on [...]
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