CALGARY, ALBERTA--(Marketwired - Mar 23, 2015) - Toro Oil & Gas Ltd. (TSX VENTURE:TOO) ("Toro" or the "Company") is pleased to announce the results of its independent reserve evaluation by Sproule Associates Limited ("Sproule") as of December 31, 2014. The evaluation includes the recently acquired Hamilton Lake core property in addition to the [...]
CALGARY, ALBERTA--(Marketwired - Mar 18, 2015) - Toro Oil & Gas Ltd. (TSX VENTURE:TOO) ("Toro" or the "Company") is pleased to announce the Company entered into and closed a series of unrelated arm's length transactions to acquire light oil assets in the Alberta Viking fairway ("Viking Assets"). The Viking Assets include approximately 50 boe/d and [...]
CALGARY, ALBERTA--(Marketwired - Feb 25, 2015) - Toro Oil & Gas Ltd. (TSX VENTURE:TOO) (the "Company" or "Toro") today announced that it has granted an aggregate of 2,076,000 incentive share options under the Company's share option plan, including an aggregate of 1,735,000 options issued to directors and officers of the Company. The options are [...]
CALGARY, ALBERTA--(Marketwired - Jan 22, 2015) - Toro Oil & Gas Ltd. (TSX VENTURE:TOO) ("Toro" or the "Company") announces its approved capital budget and strategic plan for 2015. In light of the current low commodity price environment and limited visibility on timing for recovery, Toro's Board of Directors approved a 2015 conservative capital [...]
Toro Oil & Gas is pleased to report the closing of the previously announced bought deal equity financing cleared via a short-form prospectus. Pursuant to the Public Offering, an aggregate of 15,000,000 common shares at a price of $1.00 per share were issued raising $15 million in gross proceeds. The Public Offering was led by Macquarie Capital [...]
Toro Oil & Gas is pleased to announce the closing of the previously announced bought deal private placement and the issuance of an aggregate of 5,094,500 common shares on a flow-through basis in respect of Canadian Exploration Expenses, at a price of $1.13 per Flow-Through Share for total gross proceeds of approximately $5.8 million. Macquarie [...]
CALGARY, ALBERTA--(Marketwired - Dec 19, 2014) - Toro Oil & Gas Ltd. (TSX VENTURE:TOO) ("Toro" or the "Company") is pleased to report the previously announced acquisition of high quality, low decline, Viking light crude oil producing assets located in east central Alberta (the "Assets") closed today. Total consideration of $25.0 million was [...]
Toro Oil & Gas is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including Dundee Securities Ltd., National Bank Financial and GMP Securities, pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought deal basis [...]
Toro Oil & Gas announces that its previously disclosed rights offering expired on Monday, December 8, 2014. Shareholders were entitled to one right per common share with six rights exchangeable into one Toro common share at an exercise price of $0.03375 per share. Subscribers to Toro's $25 million recapitalization financing were prohibited from [...]
CALGARY, ALBERTA--(Marketwired - Dec 8, 2014) - Toro Oil & Gas Ltd. (TSX VENTURE:TOO) (the "Company" or "Toro") today announced that it has granted an aggregate of 80,000,000 pre-consolidated incentive share options under the Company's share option plan, including an aggregate of 68,500,000 pre-consolidated options issued to directors and officers [...]
CALGARY, ALBERTA--(Marketwired - Dec 5, 2014) - Toro Oil & Gas Ltd. (the "Company" or "Toro") (TSX VENTURE:TOO) is providing a reminder that the rights issued by the Company under its rights offering announced on October 28, 2014 expire at 4:00 p.m. (Calgary time) on December 8, 2014. Every six rights will entitle the holder to purchase one common [...]
CALGARY, ALBERTA--(Marketwired - Nov 23, 2014) - Toro Oil & Gas Ltd, formerly Kallisto Energy Corp. (TSX VENTURE:KEC) (the "Company") reports that a gas well located two kilometers southwest of Airdrie, Alberta began to leak at approximately 6:30pm on Saturday, November 22, 2014. As a precautionary measure, occupants of nearby residences were [...]