CALGARY, ALBERTA--(Marketwired - Jan 30, 2015) - Crown Point Energy Inc. ("Crown Point" or the "Company") (TSX VENTURE:CWV) today advised shareholders that a Special Committee of the Board has reviewed the purported "binding proposal" for financing (the "Last-Minute Proposal") received from dissident shareholder LAIG Oil Investments ("LAIG") and after careful consideration has determined that it is not a bona fide offer [...]
Shareholders Urged to Vote White Proxy in Support of Second Tranche Financing and Against Dissident Attempt to Take Control of Company CALGARY, ALBERTA--(Marketwired - Jan 26, 2015) - Crown Point Energy Inc. (TSX VENTURE:CWV) ("Crown Point" or the "Company") today advised shareholders to be wary of dissident shareholder LAIG Oil Investments ("LAIG") and its unverified financial capabilities. In light of LAIG's apparent [...]
Shareholders Urged To Vote White Proxy in Support of Second Tranche Financing and Against Dissident Attempt to Take Control of Company CALGARY, ALBERTA--(Marketwired - Jan 23, 2015) - Editor's Note: There is a graphic associated with this press release. Crown Point Energy Inc. (TSX VENTURE:CWV) ("Crown Point" or the "Company") today announced that it is filing on SEDAR and is mailing a Letter to Shareholders and [...]
CALGARY, ALBERTA--(Marketwired - Jan 12, 2015) - Crown Point Energy Inc. (TSX VENTURE:CWV) ("Crown Point" or the "Company") today announced positive preliminary results for the second of two oil and gas exploration wells at its 25.78%-owned Tierra del Fuego ("TDF") concessions in Argentina. Crown Point also provided other updates, including that its initial TDF exploration well is on production and that drilling has [...]
CALGARY, ALBERTA--(Marketwired - Jan 5, 2015) - Crown Point Energy Inc. ("Crown Point" or the "Company") (TSX VENTURE:CWV) announced today that it has called a special meeting of shareholders (the "Meeting") for February 24, 2015. The purpose of the Meeting is two-fold: to obtain shareholder approval of a previously disclosed financing, and to respond to a meeting requisition by dissident investor LAIG Oil Investments [...]
CALGARY, ALBERTA--(Marketwired - Dec 22, 2014) - Crown Point Energy Inc. ("Crown Point" or the "Company") (TSX VENTURE:CWV) today responded to misleading comments made by dissident shareholder LAIG Oil Investments ("LAIG") regarding Crown Point and its transformative equity financing (the "Strategic Financing") with two strategic Argentinian investors. "Our Strategic Financing is a transformative move for Crown Point [...]
CALGARY, ALBERTA--(Marketwired - Dec 22, 2014) - Crown Point Energy Inc. (TSX VENTURE:CWV) ("Crown Point" or the "Company") today announced that due to current market conditions it has amended the terms of its previously announced US$15 million private placement of common shares to two new strategic investors, Liminar Energia S.A. and GORC S.A. (the "Investors"). Crown Point also announced that it has closed the first [...]
CALGARY, ALBERTA--(Marketwired - Dec 9, 2014) - Crown Point Energy Inc. ("Crown Point" or the "Company") (TSX VENTURE:CWV) today announced test results for the first of two exploration wells at its 25.78%-owned Tierra del Fuego ("TDF") concessions in Argentina. Crown Point also provided an update on the second exploration well, for which test results are expected by the end of December. "The test of our first exploration [...]
CALGARY, ALBERTA--(Marketwired - Dec 4, 2014) - Crown Point Energy Inc. (TSX VENTURE:CWV) ("Crown Point" or the "Company") announces that in response to a requisition made by LAIG Oil Investments ("LAIG"), Crown Point has called a special meeting of shareholders (the "Special Meeting") to be held on March 24, 2015. Crown Point's Board selected the date for the Special Meeting based on a recommendation from a special [...]
CALGARY, ALBERTA--(Marketwired - Dec 1, 2014) - Crown Point Energy Inc. ("Crown Point" or the "Company") (TSX VENTURE:CWV) today announced its operating and financial results for the three and nine months ended September 30, 2014. Crown Point also provided an outlook for the fourth quarter of 2014. All dollar amounts are expressed in US dollars unless otherwise stated. "We are encouraged by rising prices for our [...]
CALGARY, ALBERTA--(Marketwired - Nov 21, 2014) - Crown Point Energy Inc. ("Crown Point" or the "Company") (TSX VENTURE:CWV) today provided an update on its 14-well development, exploration and recompletion program at its Tierra del Fuego ("TDF") concessions in Argentina, in which Crown Point has a 25.78% working interest. "The latest update provides further evidence that we are able to increase TDF production as our [...]
Crown Point today announced that it has signed a US$15 million investment agreement under which it will raise new capital through an issue of 51,724,138 common shares on a private placement basis at a price of US$0.29 per Share to two strategic investors based in Argentina. Crown Point also announced details of a new loan facility. "This Agreement will strengthen our balance sheet with significant new capital and will [...]