Paleo Resources Inc. announced today that, further to its April 8, 2021 news releases, it settled outstanding indebtedness in the aggregate amount of CDN$3,085,218.75 owing to the former holders of the outstanding 2019 debentures, through the issuance of an aggregate of 89,172,302 common shares of the Corporation at a deemed price of CDN$0.03 per share . The common shares issued in connection with the Debt Settlement are [...]
Paleo Resources Inc. announces that it received an order from the Alberta Securities Commission dated July 5, 2021 granting the full revocation of the cease trade order previously issued on May 6, 2021. Upon the issuance of the cease trade order, the common shares of Paleo were suspended from trading on the TSX Venture Exchange . The common shares will reinstate trading on the TSXV at the opening of trading on Monday [...]
Paleo Resources Inc. announced today that a cease trade order has been issued by its principal regulator, the Alberta Securities Commission, for failure to file its audited annual financial statements, management's discussion and analysis and related certifications for the fiscal year ended December 31, 2020 on or before April 29, 2021, as required under applicable securities laws. The delay in the completion of the [...]
Paleo Resources Inc. announced today that the holders of the Corporation's outstanding 2019 debentures in the aggregate principal amount of CDN$2,682,799 have provided notice to require the Corporation to repurchase all amounts outstanding under the Debentures, in accordance with the terms of such Debentures. The Debentures provide the holders with the right, upon at least 30 days written notice prior to the date that is [...]
Paleo Resources Inc. announces that it has entered into a Common Stock Purchase and License Agreement with Field Genie, Inc. Field Genie, Inc. is a technology service provider that uses advanced artificial intelligence techniques to deliver solutions using spatial/geo intelligence and computer vision, including real-time detection and recognition of objects and patterns. Material terms of the agreement are as follows [...]
Paleo Resources Inc. announced today that, further to its March 10, 2021 news release, it settled outstanding indebtedness in the aggregate amount of US$2,096,618.63 owing to Roger S. Braugh, Jr. , a director and officer of Paleo, and Chris Pettit & Associates PC, controlled by Christopher J. Pettit, a director of Paleo, as trustee of a Trust , through the issuance of an aggregate of 132,474,848 common shares of the [...]
Paleo Resources Inc. announced today that the entire amount of the existing loan from Energy Reserve Capital, LLC to the Corporation's wholly-owned subsidiary, Paleo Resources , Inc. has been assigned to Roger S. Braugh, Jr., a director and officer of Paleo, and Chris Pettit & Associates PC, controlled by Christopher J. Pettit, a director of Paleo, as trustee of a Trust, in the aggregate amount, including principal and [...]
Paleo Resources Inc. announced today that, further to its news release dated December 23, 2019, it has completed the acquisition of EF Resources, Inc. , the owner of the EnergyFunders financial technology platform, subject to final approval of the TSX Venture Exchange. The Acquisition was completed pursuant to the terms of a merger agreement, whereby EFR merged with a US subsidiary of Paleo. Pursuant to the Acquisition [...]
Paleo Resources Inc. announces that, further to its April 29, 2020 news release in relation to the timing of the filing of its year end financial statements, the Corporation announces that it has filed its year end 2019 financial statements, MD&A and reserves data today. The Corporation also announces that due to logistics and delays caused by the COVID-19 pandemic, it is relying on the exemption provided in Alberta [...]
Paleo Resources Inc. announces that due to logistics and delays caused by the COVID-19 pandemic, it is relying on the exemption provided in Alberta Blanket Order 51-517 Temporary Exemption from Certain Corporate Finance Requirements of the Alberta Securities Commission to postpone the filing of the following continuous disclosure documents : the Corporation's Annual Audited Financial Statements for the year ended [...]
Paleo Resources Inc. announces that testing operations for the Dorn Prospect well have concluded. The Dorn Prospect well produced non-commercial quantities of gas and water from multiple prospective sandstone sections, and Paleo has decided to plug and abandon the well as a dry hole. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release [...]
Paleo Resources Inc. announced today that it has entered into a definitive Merger Agreement under which Paleo will acquire EF Resources, Inc. , the owner of the EnergyFunders financial technology platform. The transaction has been unanimously approved by the board of directors of both Paleo and EFR. Pursuant to the terms of the Agreement, the transaction is expected to be completed through a merger of EFR and an indirect [...]
+242,86 %
-28,57 %
