TORONTO, Dec. 23, 2013 /CNW/ - CGX Energy Inc. (TSX:V - OYL) ("CGX Energy" or the "Company") announced today that it will commence arbitration proceedings against Repsol Exploracion, S.A. ("Repsol") in connection with the expiry of the petroleum prospecting license covering the Georgetown Block (the "Georgetown PPL"). The Company is of the view that the terms of the joint operating agreement governing the Georgetown [...]
(TSX-V | OYL) TORONTO, Oct. 24, 2013 /CNW/ - CGX Energy Inc. (TSXV: OYL) ("CGX Energy" or the "Company") announced today the release of its unaudited consolidated financial results for the quarter ended September 30, 2013, together with its Management Discussion and Analysis. These documents will be posted on the Company's website at www.cgxenergy.com and SEDAR at www.sedar.com. Third Quarter 2013 Overview and [...]
(TSX-V | OYL) TORONTO, Oct. 2, 2013 /CNW/ - CGX Energy Inc. (TSX-V - OYL) ("CGX Energy" or the "Company") is pleased to provide the following update on its activities relating to the continued exploration on the Company's Petroleum Prospecting Licenses ("PPLs") in Guyana. Joint Venture Initiatives CGX Energy continues to actively pursue strategic joint venture partners for all three of its PPLs and has a technical [...]
(TSX-V | OYL) TORONTO, Aug. 23, 2013 /CNW/ - CGX Energy Inc.'s (TSXV: OYL) subsidiary, ON Energy Inc., a corporation incorporated in Guyana and in which CGX Energy holds a 62% equity interest, held its annual and special meeting of shareholders on August 21, 2013. Dr. Suresh Narine, Mr. Dewi Jones, Ms. Tralisa Maraj, Mr. Michael Galego, Mr. Edward Beharry and Mr. John Lewis, the six nominees proposed as directors and [...]
(TSX-V | OYL) TORONTO, July 23, 2013 /CNW/ - CGX Energy Inc. (TSX-V - OYL) announced today the release of its unaudited consolidated financial results for the quarter ended June 30, 2013, together with its Management Discussion and Analysis. These documents will be posted on the Company's website at www.cgxenergy.com and SEDAR at www.sedar.com. Second Quarter 2013 Overview and Highlights CGX Energy reported a net [...]
CGX Energy announced today the completion of the consolidation of its issued and outstanding common shares, as announced in the Company's news release dated May 10. The Common Shares will be consolidated on a basis of 10 pre-consolidation shares for each post-consolidation share. The Consolidation has been approved by the TSX Venture Exchange and the Company's shareholders at its Annual and Special Meeting of Shareholders [...]
CGX Energy annual and special meeting of shareholders was held on Wednesday, June 26, 2013, where each of the eight nominees proposed as directors and listed on the Company's management information circular dated May 16, 2013 were elected as directors. The directors achieved an average approval vote of 98.09% from shareholders. The detailed results of the director vote are set out below and full voting details on [...]
CGX Energy announces the proposed consolidation of its issued and outstanding common shares on a basis of 10 pre-consolidated shares for each post-consolidation share, subject to shareholder approval and TSX Venture Exchange approval. The proposed consolidation is to be put before shareholders at the Company's Annual and Special Meeting of shareholders to be held on June 26, 2013. The name of the Company will not be [...]
CGX Energy is pleased to announce that it has closed its previously announced brokered private placement raising $37,008,900 by issuing 370,089,000 units at a price of $0.10 per Unit. Each Unit is comprised of one common share in the capital of the Company and one common share purchase warrant of the Company. Each ...
CGX Energy is pleased to announce that it has received shareholder approval in respect of the two resolutions that were proposed with 99.1% of disinterested shareholders voting in favour of the termination of the Company's shareholders rights plan and 99.1% of disinterested shareholders voting in favour of the previously announced brokered private placement offering of up to ...
CGX Energy announces that its Board of Directors has approved the Financial Statements and MD&A for the year ended December 31, 2012. These documents have been filed on SEDAR, and also posted on the Company's website.As previously announced, the Company requires additional financing to meet its current obligations and ongoing activities and is currently in the process of ...
CGX announces that it has agreed to reprice the brokered private placement from Cdn$0.14 per unit of CGX as previously announced on February 27, 2013 to Cdn$0.10 per Unit, subject to the approval of the TSX Venture Exchange. The minimum of Cdn$35,000,000 and maximum of Cdn$40,000,000 remain unchanged. ...