Aspenleaf Energy is pleased to announce the completion of the previously announced arrangement, pursuant to which Aspenleaf acquired all of the issued and outstanding common shares of Arcan Resources at a price of $0.11 per share in cash. Pursuant to the Arrangement, Arcan became a wholly-owned subsidiary of Aspenleaf and the two entities [...]
Arcan Resources is pleased to announce that the proposed plan of arrangement involving the acquisition of Arcan by Aspenleaf Energy was approved at the special meeting of shareholders called to consider the Arrangement, and has been approved by the Alberta Court of Queen's Bench. The shareholder meeting was held in accordance with the interim order [...]
Arcan Resources announces that it has filed its first quarter 2015 financial statements and related management discussion and analysis on the System for Electronic Document Analysis and Retrieval at sedar.com. Arcan is moving forward in respect of the upcoming special meeting of holders of common shares of the Company. At the Meeting, Shareholders [...]
Further to its press release of April 22, 2015, Arcan Resources announces that it has commenced the mailing process, and filed its meeting materials, in respect of the upcoming special meeting of holders of common shares of the Company. At the Meeting, Shareholders will be asked to vote in respect of a proposed plan of arrangment pursuant to which [...]
Arcan Resources is pleased to announce that today it has entered into an arrangement agreement with Aspenleaf Energy pursuant to which Aspenleaf will, subject to certain conditions, acquire all of the issued and outstanding common shares of Arcan for $0.11 per share in cash. The consideration offered for the Shares pursuant to the Arrangement [...]
Arcan announces its financial and operating results as well as reserves for the year ended December 31, 2014. "Corporate initiatives to strengthen our balance sheet dominated our news flow in 2014, culminating in the February 2015 conversion of $171.3 million of debentures into equity. Some key operational achievements were also worth highlighting [...]
Arcan Resources announces that Murray Hinz has resigned as a director of the Company. The Company and its board of directors thank Mr. Hinz for his many valuable contributions to the Company and wish him well in his future endeavors. Arcan Resources is an Alberta, Canada corporation that is principally engaged in the exploration, development and [...]
Arcan Resources announces the appointment of Mr. Lorie Waisberg and Mr. Henry Cohen to the Board of Directors of the Company, and the appointment of Mr. Waisberg as Chairman of the Board of Directors. The anticipated appointment of Messrs. Waisberg and Cohen to the Board was announced previously in connection with the recent transaction pursuant to [...]
Arcan Resources is pleased to announce that following the close of markets today, the exchange of its $86.25 million 6.25% convertible unsecured subordinated debentures due February 28, 2016 and $85.0 million 6.50% convertible unsecured subordinated debentures due October 31, 2018 into an aggregate of 1,141,666,667 common shares of Arcan was [...]
Arcan Resources announced today a further update regarding the anticipated closing of the exchange of its $86.25 million 6.25% convertible unsecured subordinated debentures due February 28, 2016 and $85.0 million 6.50% convertible unsecured subordinated debentures due October 31, 2018 into common shares (the "Exchange Shares") at an exchange price [...]
Arcan Resources announces that the closing of the exchange of its $86.25 million 6.25% convertible unsecured subordinated debentures due February 28, 2016 and $85.0 million 6.50% convertible unsecured subordinated debentures due October 31 into equity will not occur on Feb 6, 2015 as previously announced. Arcan has agreed with the ad hoc committee [...]
Arcan Resources is pleased to announce that the holders of its $86.25 million 6.25% convertible unsecured subordinated debentures due February 28, 2016 and $85.0 million 6.50% convertible unsecured subordinated debentures due October 31, 2018 have approved, by way of extraordinary resolution, the previously announced transaction to exchange Arcan's [...]
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