March 10, 2022 /CNW/ - - Rubellite Energy Inc. is pleased to announce that it has agreed with the syndicate of underwriters led by Peters & Co. Limited to increase the size of the previously announced bought deal financing . Rubellite will now issue 6,200,000 common shares at a price of $3.55 per Common Share for gross proceeds of $22.0 million pursuant to the Offering. The underwriters will have an option to purchase up [...]
March 10, 2022 /CNW/ - - Rubellite Energy Inc. is pleased to announce that it has entered into a bought deal financing with a syndicate of underwriters led by Peters & Co. Limited , pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought-deal basis, 4.8 million common shares of Rubellite at a price of $3.55 per Common Share for gross proceeds of approximately $17 million . The [...]
- Rubellite Energy Inc. , a pure play Clearwater oil exploration and development company, is pleased to: Report fourth quarter and year-end 2021 financial and operating results; Provide a summary of the Company's year-end 2021 reserves as evaluated by the independent engineering firm McDaniel and Associates Consultants Ltd. ; Provide a drilling operations update; Announce that Rubellite has entered into a letter of [...]
CALGARY, AB, Jan. 18, 2022 /CNW/ - - Rubellite Energy Inc. , a pure play Clearwater oil exploration and development company, is pleased to release its fourth quarter and current production results, announce a material expansion in Rubellite's land base and prospect inventory and provide operational and hedging updates, all of which highlight successful advancement of Rubellite's growth focused business plan centered [...]
- Rubellite Energy Inc. , a pure play Clearwater oil exploration and development company, is pleased to release its inaugural quarter for the period ended September 30, 2021. Financial and operating results reflect the 27-day period from September 3, 2021, which was the effective date of the Plan of Arrangement under the Business Corporations Act involving Perpetual Energy Inc. , the shareholders of Perpetual, and [...]
Rubellite Energy is pleased to announce the closing of its previously announced financings, a new credit facility and provide an operations update. Rubellite has raised $83.5 million in equity, all priced at $2.00 per share, through a combination of: (i) a $33.5 million arrangement warrant financing whereby shareholders of Perpetual Energy Inc. were issued arrangement warrants (the "Arrangement Warrants") which provided [...]
Rubellite Energy Inc. is pleased to confirm that its outstanding warrants to purchase common shares of the Company will expire on October 4, 2021. An aggregate of 16,734,816 Rubellite Warrants were issued pursuant to the previously announced and recently completed plan of arrangement involving Perpetual Energy Inc., Rubellite and the shareholders of Perpetual. The currently outstanding common shares of the Company are [...]
Rubellite Energy Inc. is pleased to provide a capitalization, governance and operations update and release 2022 guidance following the completion on September 3, 2021 of the plan of arrangement involving Perpetual Energy Inc., Rubellite and the shareholders of Perpetual. Capitalization Update: The common shares and warrants of Rubellite issued in connection with the Plan of Arrangement are expected to commence trading on [...]
Perpetual Energy Inc. and Rubellite Energy Inc. are pleased to announce that the previously announced Plan of Arrangement under the Business Corporations Act involving Perpetual, the shareholders of Perpetual, and Rubellite was completed on September 3, 2021. The completion of the Plan of Arrangement followed the overwhelming support of the Plan of Arrangement by the shareholders of the Company at its special shareholder [...]