Powder Mountain Energy is pleased to announce that the previously announced combination of Passport Energy and Amarok Energy by way of a three cornered amalgamation proceeding under a plan of arrangement under section 193 of the Business Corporations Act (Alberta) to form Powder Mountain pursuant to an amended and restated arrangement agreement [...]
Passport Energy and Amarok Energy are pleased to announce that their respective shareholders have approved at their respective shareholders' meeting held June 12, 2014, all of the shareholders resolutions required to proceed with the combination of the companies by way of a three cornered amalgamation proceeding under a plan of arrangement under [...]
Passport Energy is pleased to announce that it has closed its previously announced subscription receipt private placement offering. Passport has issued 53,229,109 subscription receipts at a price of $0.18 per Subscription Receipt for gross proceeds of approximately $9,581,240. The gross proceeds are currently being held in escrow by Olympia Trust [...]
Passport Energy and Amarok Energy announce that they have entered into an amended and restated arrangement agreement dated as of May 14, 2014 that amends and restates the arrangement agreement dated April 25, 2014 among Amarok, 1815766 Alberta Inc. and Passport that was previously announced by Passport and Amarok on April 30, 2014. A copy of the [...]
Passport Energy and Amarok Energy are pleased to announce that further to the joint press release dated March 21, 2014 announcing the execution of a non-binding letter of intent between Passport and Amarok to merge the companies by way of a plan of arrangement under the Business Corporations Act (Alberta), the parties have entered into a definitive [...]
Passport Energy and Amarok Energy are pleased to announce that they have entered into a non-binding letter of intent to complete a merger between the two companies. It is currently anticipated that the Proposed Transaction will proceed by way of a court approved plan of arrangement under the Business Corporations Act. The Proposed Transaction will [...]
Passport Energy today announced that it intends to complete a non-brokered private placement of common shares of Passport for a minimum offering of $20,000,000 and a maximum offering of $30,000,000. Passport has entered into subscription agreements dated January 8, 2014 with 32 Degrees Diversified Energy Fund II (Canadian) L.P. and 32 Degrees [...]
Passport Energy wishes to announce that it has granted an aggregate of 7,150,000 stock options to certain directors, officers, employees, and consultants of the Company. The options have a term of five (5) years and an exercise price of $0.05 per share. The Company trades on the TSX Venture Exchange under the trading symbol "PPO".
Passport Energy provides, further to its news release dated November 27, 2013, the following additional details of the previously announced land acquisition. Passport has entered into an agreement with a private oil and gas company to acquire 22 1/4 contiguous sections (5,760 acres) of 100% owned land in the Hardy area of SE Saskatchewan for [...]
Passport Energy advises that it has entered into an agreement with a private oil and gas company to acquire 22 1/4 contiguous sections (5,760 acres) of 100% owned land in the Hardy area of SE Saskatchewan. The acquisition price will, subject to certain conditions being met, be paid by Passport in cash. Passport believes the acreage is located in a [...]
Passport Energy is pleased to announce that it has filed its 51-101 reserve report on its reserves in the Hardy area of SE Saskatchewan. Corporate Reserve Update: GLJ has assigned Passport, total proved company interest reserves of 49,000 bbls (166,000 gross bbls), representing an 81% increase in the company's total proved reserves when compared to [...]
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