Montana Exploration and Gale Force Petroleum are pleased to announce that they have completed the plan of arrangement, pursuant to which Montana has acquired all of the issued and outstanding shares of Gale Force in exchange for common shares of Montana. Simultaneously, CA$9,304,364 of Montana's secured debts and CA$374,141 of Gale Force's [...]
Gale Force Petroleum and Montana Exploration are pleased to announce that at the special meeting of the Gale Force securityholders held on September 8, 2015, the GFP Securityholders approved the previously announced plan of arrangement pursuant to which MTZ will acquire all of the issued and outstanding shares of Gale Force in exchange for common [...]
Gale Force and Montana Exploration announced that they had entered into an arrangement agreement pursuant to which MTZ will acquire all of the issued and outstanding Common Shares and Series III Preferred Shares of Gale Force by way of a statutory plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement"). Gale Force [...]
Montana Exploration and Gale Force are pleased to announce that they have entered into an arrangement agreement pursuant to which MTZ will acquire all of the issued and outstanding common shares and Series III preferred shares of Gale Force by way of a statutory plan of arrangement under the Canada Business Corporations Act. The purpose of the [...]
Gale Force Petroleum today announced that it has concluded the sale of an 80% working interest in its Pine Mills properties in Wood County, Texas. The Company retained a non-operated 20% working interest in the Pine Mills properties. The sale price received for the sold interests was US$2 million plus the Company is entitled to a carry of its [...]
Gale Force Petroleum today announced that it has entered into a purchase and sale agreement to sell 80% out of its 99% working interest in its Pine Mills property in Wood County, Texas, for US$2 million. The Closing of the transaction is expected in early June, 2015, and is subject to customary environmental and title due diligence.
Gale Force Petroleum today announced that it has received US$450,000 cash for the full and final repayment of the Note Receivable secured by the Thunder properties and for the purchase of overriding royalty interests in the same properties. The transaction whereby the Note was originally issued to the Company and whereby the Company had reserved [...]
Gale Force Petroleum today announced that it has sold its remaining interests in the Catfish Creek properties in Henderson & Anderson Counties, Texas, for US$750,000. With the proceeds from the sale of the properties, the Company paid down US$750,000 on its bank loan facility, reducing the outstanding balance owing on the facility to US$1,000,000.
Gale Force Petroleum today announced that it has purchased an additional 10% working interest in its Pine Mills properties in Wood County, Texas, for US$200,000.00 and the mutual release of all claims. This increases the Company's ownership to an approximate 99% working interest throughout the properties.
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