Prairie Provident Resources Inc. is pleased to announce that it has entered into an agreement with Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents including Haywood Securities Inc. , for a brokered "best efforts" equity financing for aggregate gross proceeds of up to approximately $9,100,000, comprised of: an offering up to 96,470,589 units of the Company at a price of [...]
Prairie Provident Resources Inc. is pleased to provide an update on its first two Basal Quartz wells in the Michichi area of Central Alberta. Prairie Provident spud the first Basal Quartz horizontal well, 102/03-19-030-18W4, on October 15, 2024. Following the nine-day drilling operation, the well was fracture stimulated and brought on-stream through production test facilities, with produced natural gas being conserved, on [...]
Prairie Provident Resources Inc. announces its financial and operating results for the three and nine months ended September 30, 2024. The Company's condensed interim consolidated financial statements for the three and nine months ended September 30, 2024 and related Management's Discussion and Analysis for the third quarter are available on its website at www.ppr.ca and filed on SEDAR+ at www.sedarplus.ca. THIRD QUARTER [...]
Prairie Provident Resources Inc. is pleased to announce the successful completion of its previously announced equity rights offering , which expired at 5:00 p.m. on October 28, 2024. Prairie Provident issued an aggregate of 480,000,000 common shares of the Company pursuant to the Rights Offering and the Standby Commitment at a price of $0.025 per share, for aggregate gross proceeds of $12.0 million. This includes the [...]
Prairie Provident Resources Inc. announces that Ryan Rawlyk has resigned as President and Chief Executive Officer of Prairie Provident to pursue other interests. In conjunction with Mr. Rawlyk's resignation, the Company announces the appointment of Dale Miller as Executive Chairman, succeeding Patrick McDonald who has retired as Chairman. Mr. Miller has served as a director of the Company since August 2023 and is a [...]
TORONTO, Oct. 28, 2024 /CNW/ - The following issues have been halted by CIRO: Company: Prairie Provident Resources Inc. TSX Symbol: PPR.RT All Issues: No Reason: Pending Delisting Halt Time : 12:00 PM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory [...]
Prairie Provident Resources Inc. is pleased to announce the closing of the initial $10.0 million subscription by its principal shareholder, PCEP Canadian Holdco, LLC , under the Company's previously-announced $13.2 million rights offering . Up to 529,579,000 common shares of Prairie Provident are issuable under the Rights Offering at a subscription price of $0.025 per share, for an aggregate subscription price, if fully [...]
September 13, 2024 - Prairie Provident Resources Inc. announces an agreement to extend the maturity of its senior secured credit facility to March 31, 2026 and enhance its flexibility with modified covenants. The Company also announces a $13.2 million rights offering supported by participation commitments of $12 million, comprised of $11.6 million from its largest shareholder, PCEP Canadian Holdco, LLC , and $400,000 from [...]
Prairie Provident Resources Inc. announces an extension to the maturity date of its senior secured credit facility until September 20, 2024 as well as the deferral of all interest payment obligations thereunder. The Company and its lender are actively engaged in discussions on a further extension of the First Lien Loan. ABOUT PRAIRIE PROVIDENT Prairie Provident is a Calgary-based company engaged in the exploration and [...]
Prairie Provident Resources Inc. announces its operating and financial results for the three and six months ended June 30, 2024. The Company's interim consolidated financial statements and related Management's Discussion and Analysis for the second quarter are available on its website at www.ppr.ca and filed on SEDAR+ at www.sedarplus.ca. SECOND QUARTER 2024 FINANCIAL AND OPERATING HIGHLIGHTS Production averaged 2,045 [...]
Prairie Provident Resources Inc. announces an extension to the maturity date of its senior secured credit facility until August 30, 2024 as well as the deferral of all interest payment obligations thereunder. The Company and its lender are actively engaged in discussions on a further extension of the First Lien Loan. The Company also announces that David Stobbe, Senior Controller and Chief Financial Officer has departed [...]
Prairie Provident Resources Inc. announces an extension to the maturity date of its senior secured credit facility until July 31, 2024 as well as the deferral of all interest payment obligations thereunder. The Company and its lender are actively engaged in discussions on a further extension of the First Lien Loan. ABOUT PRAIRIE PROVIDENT Prairie Provident is a Calgary-based company engaged in the exploration and [...]
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