PetroFrontier Corp. is pleased to announce that it has secured a credit facility enabling it to meet its drilling commitments. Credit Facility The commitment letter provided to the Corporation provides for advances in the amount of up to CDN $2,000,000 from a syndicate of lenders including Kasten Energy Inc. and Paul Cheung . Kasten and Paul Cheung are insiders of PetroFrontier as they each own more than 10% of the [...]
PetroFrontier Corp. announces that the Corporation's third quarter 2020 Financial Statements and Management's Discussion and Analysis have been filed on SEDAR . About PetroFrontier Corp. PetroFrontier is a junior energy company currently focused on developing two Mannville heavy oil plays in the Cold Lake and Wabasca areas of Alberta. PetroFrontier's head office is in Calgary, Alberta and its common shares are listed for [...]
PetroFrontier Corp. is pleased to announce the following: Private Placement PetroFrontier has completed a non-brokered private placement for aggregate gross proceeds of $408,000 whereby the Company issued an aggregate of 10,200,000 common shares from its treasury at a price of $0.04 per Common Share. Based on the gross proceeds of the Private Placement, the use of proceeds will be as follows: $150,000 for field [...]
PetroFrontier Corp. wishes to correct an error in its press release entitled "PetroFrontier Corp. Announces Closing of Amended Debenture Extending Agreement Including Partial Debt Repayment" issued September 25, 2020 . The September 25 Press Release announced that it had closed an amended debenture and credit facility extending agreement which extended the repayment terms of both a debenture granted on July 21, 2016 and a [...]
PetroFrontier Corp. is pleased to announce that it has received approval from the TSX Venture Exchange Inc. and has closed the amended debenture extending agreement which included the immediate repayment of certain of the amounts outstanding under its secured debenture. Amended Debenture Extending Agreement Further to the Corporation's July 13 and August 18, 2020 press releases providing details of the extension agreement [...]
PetroFrontier Corp. announces that the Corporation's second quarter 2020 Financial Statements and Management's Discussion and Analysis have been filed on SEDAR . About PetroFrontier Corp. PetroFrontier is a junior energy company currently focused on developing two Mannville heavy oil plays in the Cold Lake and Wabasca areas of Alberta. PetroFrontier's head office is in Calgary, Alberta and its common shares are listed for [...]
PetroFrontier Corp. announces that it intends to complete a private placement, the entering into of an amended debenture extending agreement including the immediate repayment of certain of the amounts outstanding under its secured debenture and the grant of options to key personnel. Amended Debenture Extending Agreement Further to the Corporation's July 13, 2020 press release providing details of the extension agreement [...]
PetroFrontier Corp. announces that the Corporation's first quarter 2020 Financial Statements and Management's Discussion and Analysis have been filed on SEDAR . The Corporation also announces that on July 13, 2020, it entered into a debenture extending agreement dated effective as at June 30, 2020 . The debenture, dated July 21, 2016, originally matured on June 30, 2019 and was extended to June 30, 2020 by letter [...]
PetroFrontier Corp. announces that, further to its May 25, 2020 news release in relation to the timing of the filing of its interim financial statements for the period ended March 31, 2020, the Corporation still expects to file such documents on or prior to July 14, 2020. The Corporation confirms that there have been no material business developments since the issuance, on May 25, 2020, of the Corporation's news release [...]
PetroFrontier Corp. announces that the Corporation's 2019 Annual Financial Statements, Management's Discussion and Analysis and Forms 51- 101 regarding Statement of Reserves Data and Other Oil and Gas Information have been filed on SEDAR . About PetroFrontier Corp. PetroFrontier is a junior energy company currently focused on developing two Mannville heavy oil plays in the Cold Lake and Wabasca areas of Alberta [...]
PetroFrontier Corp. provides an update with respect to the postponed filing of the following continuous disclosure documents : the Corporation's Annual Audited Financial Statements for the twelve-month period ended December 31, 2019 as required by section 4.2 of National Instrument 51-102 - Continuous Disclosure Obligations ; the Corporation's Management Discussion & Analysis for the twelve-month period ended December 31 [...]
PetroFrontier Corp. announces the following regarding the timing for the filing of the 2019 Annual Financial Statements Annual Management Discussion & Analysis and its Statement of Reserves Data and Other Oil and Gas Information, Report on Reserves Data by Independent Qualified Reserves Evaluator, and Report of Management and Directors on Oil and Gas Disclosure for the year ended December 31, 2019 . Under the continuous [...]