Hillcrest Petroleum Ltd.

Vancouver, British Columbia (FSCwire) - Hillcrest Petroleum Ltd. (the "Company" or "Hillcrest") is pleased to announce that it recently became a member of the 8020 Connect community. 8020 Connect (www.8020connect.com) is the investment industry's newest investor community, developed to deliver corporate information to shareholders, investment industry experts and like-minded investors, while enabling these group members [...]

Hillcrest Petroleum is pleased to announce that the Company has signed a Merchant Banking agreement with WC Capital Inc, an Ontario based organization. WC Capital Inc is an affiliate of Wade & Company, a private family office investment firm and merchant bank, managed by a successful team of investors and entrepreneurs with a breadth of experience across different sectors. WC Capital Inc and Wade & Company specialize in [...]

Hillcrest Petroleum is pleased to announce that the Company has been approved by Alberta Energy Regulator (AER) to Operate oil and gas assets in Alberta. This is an important step for Hillcrest to move forward with the Alberta part of its work program to re-establish production from oil and gas assets in Alberta and Saskatchewan under its recently announced Joint Venture Agreement. As previously announced May 10, 2017 [...]

Hillcrest Petroleum announces that it has closed the second and final tranche of its non-brokered private placement originally announced on May 10, 2017 with updated announcements on June 29, 2017 and July 7, 2017. Aggregate proceeds of $112,000 were raised on this second tranche closing, and 1,600,000 units (the "Units) at a price of $0.07 per Unit were issued. Each Unit to this second tranche consists of one common [...]

Hillcrest Petroleum announces that the Company has closed a first tranche of its $500,000 non-brokered private placement originally announced on May 10, 2017 with an update announcement on June 29, 2017. Aggregate proceeds of $279,640 were raised on this first tranche closing. 3,994,857 units (the "Units") at a price of $0.07 per Unit were issued. Each Unit consists of one common share in the capital of the Company (a [...]

Hillcrest Petroleum is pleased to announce that the Company is proceeding with its non brokered private placement as previously announced on May 10, 2017 for the sale of up to 7, 142,857 Units at a price of $0.07 per Unit for gross proceeds of up to $500,000, each unit consisting of one common share plus one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional [...]

Hillcrest Petroleum is pleased to announce that the Company has signed a binding Joint Venture Agreement with a Canadian oil and gas company whereby the Company, via a wholly owned subsidiary, will earn up to a 75% Working Interest and become the operator of record in two petroleum assets located in Western Canada. The Company expects to restore production from the Fields collectively to approximately 400 barrels of oil [...]

Hillcrest Petroleum is pleased to announce that the Company has signed a letter agreement with a Canadian oil and gas company whereby the Company will earn up to a 75% Working Interest and become the operator of record in two petroleum assets located in Western Canada. The Company will provide expertise and funding to restore production in excess of 400 barrels of oil per day ("bopd"). The Company expects that production [...]

Hillcrest Petroleum is pleased to announced that it has closed the second and final tranche of its non-brokered private placement (see original press release of November 24, 2016) at a price of $0.05 per unit (the "Units"). Each Unit consisted of one common share in the capital of the Company (the "Shares") plus one-half of one common share purchase warrant (collectively the "Offering"). Each whole warrant to this second [...]

Hillcrest Petroleum announces that it proposes to extend the expiry date of 5,312,500 outstanding share purchase warrants. These Warrants were originally issued on December 30, 2014 as part of a private placement, and no Warrants have been exercised to date. Each Warrant entitles the holder to purchase one common share in the capital of the Company at a price of $0.08 per Share on or before December 30, 2016. Subject to [...]