CALGARY, March 8, 2013 /CNW/ - ("KEL" - TSX) - Kelt Exploration Ltd. ("Kelt" or the "Company") is pleased to announce a brokered and non-brokered equity financing for gross aggregate proceeds of $94.35 million.Brokered Private PlacementKelt is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Peters & Co. Limited, and including FirstEnergy Capital Corp., RBC Capital Markets [...]
CALGARY, ALBERTA -- (Marketwire) -- 03/07/13 -- Kelt Exploration Ltd. ("Kelt" or the "Company") (TSX: KEL) is pleased to provide financial and operating guidance for 2013. Common shares of Kelt commenced trading on the Toronto Stock Exchange on March 1, 2013 under the symbol "KEL".
2013 Guidance
Kelt was recently formed as a junior oil and gas exploration and development company resulting from a plan of arrangement [...]
Kelt Exploration commenced operations today as a new junior oil and gas exploration and development company. Kelt was formed as a result of a plan of arrangement involving Celtic Exploration, ExxonMobil Celtic ULC, a wholly owned subsidiary of ExxonMobil Canada Ltd., and Kelt. Pursuant to the Arrangement, the Purchaser acquired all of Celtic's outstanding common shares (the "Celtic Shares") and all of the outstanding [...]
Celtic Exploration of common shares of Celtic and holders of 5.00% convertible unsecured subordinated debentures of Celtic due April 30, 2017 have each approved the special resolution relating to the proposed acquisition of Celtic by ExxonMobil Celtic ULC, an indirect subsidiary of Exxon Mobil Corporation, pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement").