Paleo Resources Inc. announced today that it has increased the size of its previously announced non-brokered private placement offering of 7.5% subordinated secured convertible debentures to CDN$4,024,200 . In addition, Paleo announced that it has completed the closing of the first tranche of the private placement of debentures for gross proceeds of CDN$2,036,245 , subject to final approval of the TSX Venture Exchange [...]
Paleo Resources Inc. announced today its intention to complete a non-brokered private placement offering of 7.5% subordinated secured convertible debentures in the principal amount of up to CDN$2,700,000 . The debentures will bear interest at a rate of seven and a half percent per annum, payable monthly in arrears on the 15th day of the following month, and will mature on the date that is three years from the closing [...]
Tanager Energy Inc. announces that the Corporation will change its name to “Paeo Resources Inc.” effective April 10, 2019. The common shares of the Corporation will commence trading under the new name on the TSX Venture Exchange with the new trading symbol “PRE” at market open on Wednesday, April 10, 2019. There is no consolidation or change in the share capital. Common share certificates bearing [...]
Tanager Energy Inc. announced today the Company has obtained the approval by its directors of a strategic plan for the balance of the 2019 fiscal year. Following its recent announcement of the appointment of a new CEO, the plan includes the following principal elements: Place Tanager’s three Polk County, Texas Yegua formation wells into production via installation of gas pipelines. Drill and complete two additional [...]
Tanager Energy Inc. is pleased to announce the appointment of Mr. Marc Rhoades as the new Chief Executive Officer of Tanager. Mr. Rhoades has over 28 years of experience serving as a senior executive of upstream oil and gas companies operating in Texas and Oklahoma. Mr. Rhoades previously served as CEO of Greenbrier Operating Company from 1990 until the successful sale in 2000 to Coastal Oil & Gas.. He then co-founded [...]
Tanager Energy Inc. is pleased to announce that it has reached a settlement with plaintiff William Robinson , ACH Management, LLC and other parties involved in litigation concerning the ACH Credit Facility. Pursuant to the Settlement, upon Tanager’s payment to the Plaintiff in the total amount of US$1,000,000, to be paid in equal installments over 4 months from January through April, 2019, the principal amount of [...]
Tanager Energy Inc. announced today that, further to its September 24, 2018 news release, the board of directors of Tanager approved an amendment to the existing loan from Energy Reserve Capital, LLC to its wholly-owned US subsidiary, Tanager Energy USA, Inc. , to increase the principal amount from US$400,000 to US$1,250,000, subject to TSX Venture Exchange final approval. All other terms of the loan remain unchanged [...]
Tanager Energy Inc. announces its financial and operating results for the three and nine months ended September 30, 2018. This press release contains forward looking statements. Please refer to our cautionary language on forward-looking statements and other matters set forth at the end of this press release and the end of the Management’s Discussion and Analysis for the three and nine months ended September 30, 2018 [...]
Tanager Energy Inc. announced today that its wholly-owned US subsidiary, Tanager Energy USA, Inc. , has received a loan from Energy Reserve Capital, LLC in the amount of US$400,000, subject to TSX Venture Exchange final approval. In addition, Tanager USA has converted the outstanding obligations owing to Paleo Oil Company, LLC in the amount of US$1,745,591 into a promissory note, subject to TSX Venture Exchange final [...]
Tanager Energy Inc. announces its financial and operating results for the three and six months ended June 30, 2018. This press release contains forward looking statements. Please refer to our cautionary language on forward-looking statements and other matters set forth at the end of this press release and the end of the Management’s Discussion and Analysis for the three and six months ended June 30, 2018 and 2017 [...]
Tanager Energy Inc. announced today that it has appointed BDO Canada LLP as auditor of Tanager effective August 29, 2018. The resignation of Tanager’s former auditor, Ernst and Young LLP, was accepted by the Company effective August 29, 2018. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Tanager Energy Inc. is an oil and [...]
CALGARY, Alberta, April 09, 2018 -- Tanager Energy Inc. announced today that it has received notice from Haloroc Energy Inc. that it is withdrawing its capital commitment to subscribe for common shares in the amount of US$10 million in connection with the proposed acquisition, private placement and related transactions announced on March 27, 2018. Tanager intends to continue its efforts to source other capital for the [...]
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