Tenaz Energy Corp. would like to provide an update regarding our previously announced acquisition of SDX Energy Plc . Through public disclosures and communication with SDX, we have been informed that a shareholder representing that it owns 25.7% of SDX's issued and outstanding shares intends to vote against the proposed Scheme of Arrangement to amalgamate Tenaz and SDX. The Scheme requires, among other things, that 75% of [...]
June 30, 2022 /CNW/ - Tenaz Energy Corp. is pleased to announce, concurrent with our disclosure in the UK market, the addition of a cash alternative to the previously announced all-share acquisition of all of the issued and to be issued share capital of SDX Energy PLC . Under the terms of the Cash Alternative, SDX shareholders will retain the right to receive 0.075 common shares of Tenaz for each SDX share , but will also [...]
Tenaz Energy Corp. is pleased to announce the results from its annual meeting of shareholders held on May 31, 2022. A total of 11,718,094 common shares, representing approximately 41% of the Company's issued and outstanding common shares, were represented in person or by proxy at the Meeting. All of the matters put forward before the shareholders, as set out in the Company's management information circular dated April 27 [...]
Tenaz Energy Corp. is pleased to announce its financial and operating results for the three months ended March 31, 2022 and corporate update. The unaudited interim condensed consolidated financial statements and related management's discussion and analysis are available at www.sedar.com and www.tenazenergy.com. Selected financial and operating information for the three months ended March 31, 2022 appear below and should [...]
Tenaz Energy Corp. is pleased to announce it has reached an agreement to acquire all of the issued and to be issued share capital of SDX Energy PLC in an all-share transaction . In the Transaction, SDX shareholders will receive 0.075 common shares of Tenaz for each SDX share held, valuing SDX at $34.3mm based on the May 24, 2022 closing price of Tenaz Shares, representing a 28% premium to the May 24, 2022 closing price of [...]
Tenaz Energy Corp. is pleased to announce that it has received conditional approval from the Toronto Stock Exchange to list its common shares on such exchange. Tenaz expects the Common Shares to commence trading under the symbol "TNZ" on the TSX on May 12, 2022 at which time trading on the TSX Venture Exchange will cease. No action is required to be taken by Tenaz shareholders. Tenaz has previously communicated its intent [...]
Tenaz Energy Corp. is pleased to announce its financial and operating results for the three months and year ended December 31, 2021 and to provide a 2021 year-end reserves summary of its independent reserve report prepared by McDaniel and Associates Consultants Ltd. with an effective date of December 31, 2021. The related audited consolidated financial statements, as well as Management's Discussion and Analysis for the [...]
Tenaz Energy Corp. is pleased to announce the closing of its previously announced rights offering of rights of the Company , which expired at 4:00 p.m. on December 13, 2021. Tenaz is also pleased to announce that it will now proceed with its previously announced Share Consolidation . Rights Offering Under the Rights Offering, holders of Rights purchased an aggregate of 10,179,840 common shares of Tenaz at a subscription [...]
CALGARY, Nov. 18, 2021 /CNW/ - Tenaz Energy Corp. is pleased to announce its financial and operating results for the three and nine months ended September 30, 2021, its 2022 exploration and development capital budget and corporate update. The unaudited interim condensed consolidated financial statements and related management's discussion and analysis are available at www.sedar.com and www.tenazenergy.com. Selected [...]
Tenaz Energy Corp. is pleased to announce that it has set November 15, 2021 as the date of record for its previously announced rights offering . Each shareholder of common shares of the Company on the Record Date will receive one Right for each Common Share held by such shareholder. Each eight Rights will entitle the holder to subscribe for one Common Share upon payment of a subscription price of $0.18 per Common Share [...]
Altura Energy Inc. is pleased to announce that it has completed its previously announced name change to "Tenaz Energy Corp." pursuant to a shareholders' resolution passed at the special meeting of shareholders held on October 7, 2021. Effective at the opening of trading on Tuesday, October 19, 2021, the common shares of the Company will trade under the new name and the new stock trading symbol of "TNZ". Shareholders are [...]
Altura Energy is pleased to announce the closing of its previously announced change of management transaction resulting in the appointment of a new management team and the reconstitution of its board of directors. The new management team is led by Anthony Marino, Michael Kaluza and Bradley Bennett, and includes David Burghardt, Jonathan Balkwill, Jennifer Russell-Houston and Travis Stephenson. The board of directors of [...]