PetroFrontier Corp. announces the following: Previously Announced Proposed Funding PetroFrontier advises that the parties involved in the proposed funding transaction announced on October 10, 2019 have formally terminated their discussions pertaining to completing the Proposed Funding. Subject to the approval of TSX Venture Exchange, the Company expects trading in the common shares of PetroFrontier to resume shortly [...]
PetroFrontier Corp. is pleased to announce the following: Private Placement PetroFrontier has completed a non-brokered private placement for aggregate gross proceeds of $1,500,000 whereby the Company issued an aggregate of 28,571,429 common shares from its treasury at a price of $0.0525 per Common Share. Proceeds from the Private Placement will be used to fund development and provide additional working capital to the [...]
PetroFrontier Corp. is pleased to announce that all of the resolutions put forward at PetroFrontier's Annual and Special Meeting of shareholders held on December 20, 2019 were passed at the Meeting by over 99.5% of shareholders voting at the Meeting. The full text of each resolution is contained in the Management Information Circular, which is available on SEDAR at www.sedar.com. Appointment of Additional Director The [...]
PetroFrontier Corp. is pleased to announce that it has entered into a letter of intent and related term sheet with an arm's-length third party funder whereby the third party funder and its affiliates will provide funding to allow PetroFrontier to further develop its interests in the Cold Lake and Wabasca areas of Alberta . Pursuant to the term sheet, the Proposed Funding Transaction will proceed as follows: a limited [...]
PetroFrontier Corp. announces that the Company’s Second Quarter 2019 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 that on June 3, 2019, it closed the credit facility previously announced on April 25, 2019 . The Credit Facility provides that advances will be made from time to time in minimum amounts of $200,000 up to a maximum of $2,000,000 and is for a two year term. Advances made pursuant to the Credit Facility will bear interest at 8% per annum with interest payable monthly. Advances are [...]
PetroFrontier Corp. announces that the Company's First Quarter 2019 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 the Company's 2018 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 . CREDIT FACILITY On April 23, 2018, the Corporation signed a term sheet with a corporation controlled by a director , which will provide for a credit facility not exceeding $2,000,000. The [...]
PetroFrontier announces financial results for its third quarter ended September 30, 2017. The unaudited condensed consolidated interim financial statements and management's discussion & analysis have been filed on SEDAR and can be viewed at www.sedar.com. PetroFrontier’s latest Corporate Presentation may be viewed on its website:
PetroFrontier announces financial results for its second quarter ended June 30, 2017. The unaudited condensed consolidated interim financial statements and management's discussion & analysis have been filed on SEDAR and can be viewed at www.sedar.com
PetroFrontier announces that all of the resolutions put forward at PetroFrontier's Annual and Special Meeting of shareholders held on June 15, 2017 were passed at the Meeting. The full text of each resolution is contained in the Management Information Circular, which is available on SEDAR at www.sedar.com.
PetroFrontier announces financial results for its first quarter ended March 31, 2017. The unaudited condensed interim consolidated financial statements and management's discussion & analysis have been filed on SEDAR and can be viewed at www.sedar.com