- Perpetual Energy Inc. is pleased to release its fourth quarter and year-end 2021 financial and operating results and a summary of the Company's year-end 2021 reserves as reported by the independent engineering firm McDaniel and Associates Consultants Ltd. . A complete copy of Perpetual's audited consolidated financial statements, Management's Discussion and Analysis and Annual Information Form for the year ended [...]
- Perpetual Energy Inc. announced today that the semi-annual borrowing base redetermination of the Company's first lien credit facility has been completed and the existing $17 million borrowing limit and term of the credit facility has been maintained. The credit facility has an initial term to November 30, 2022 unless the revolving period is extended a further six months subject to approval by the lenders. If not [...]
- Perpetual Energy Inc. is pleased to release its third quarter 2021 financial and operating results. Select financial and operational information is outlined below, and should be read in conjunction with Perpetual's unaudited condensed interim consolidated financial statements and related Management's Discussion and Analysis for the three and nine months ended September 30, 2021, which are available through the [...]
- Perpetual Energy Inc. is issuing this press release in response to a request from the Investment Industry Regulatory Organization of Canada to comment on the recent trading activity of its stock. Perpetual is not aware of any material, undisclosed information related to the Company's operations and affairs that would account for the recent increase in the market price and level of trading volume of its shares [...]
- Perpetual Energy Inc. is pleased to announce the closing of the previously announced financings of Rubellite Energy Inc. , the repayment of its second lien term loan and credit facility extension, and provide an operations update. Rubellite Financings Rubellite has raised $83.5 million in equity, all priced at $2.00 per share, through a combination of: a $33.5 million arrangement warrant financing whereby shareholders [...]
Perpetual Energy Inc. and Rubellite Energy Inc. are pleased to announce that the previously announced Plan of Arrangement under the Business Corporations Act involving Perpetual, the shareholders of Perpetual, and Rubellite was completed on September 3, 2021. The completion of the Plan of Arrangement followed the overwhelming support of the Plan of Arrangement by the shareholders of the Company at its special shareholder [...]
Perpetual Energy Inc. is pleased to announce the results of its special meeting of Perpetual shareholders to consider the Plan of Arrangement under the Business Corporations Act involving Perpetual, the shareholders of Perpetual and Rubellite Energy Inc. Special Meeting of Shareholders Today Perpetual received the overwhelming approval of its shareholders for the Plan of Arrangement at a special meeting of Perpetual [...]
Perpetual Energy Inc. is pleased to announce that, in connection with its previously announced proposed plan of arrangement under the Business Corporations Act involving Perpetual, the shareholders of Perpetual and Rubellite Energy Inc., the Company has set the consolidation ratio at 1,000 to 1 for its common shares, and has made inconsequential amendments to the Plan of Arrangement to correct a minor typographical error [...]
Perpetual Energy Inc. is pleased to release its second quarter 2021 financial and operating results. Select financial and operational information is outlined below, and should be read in conjunction with Perpetual's unaudited condensed interim consolidated financial statements and related Management's Discussion and Analysis for the three and six months ended June 30, 2021, which are available through the Company's [...]
Perpetual Energy Inc. is pleased to announce the management information circular with respect to the previously announced Plan of Arrangement involving Rubellite Energy Inc. has been filed on SEDAR. On July 16, 2021, Perpetual announced the creation of Rubellite, approximately $73 million in equity financings, the settlement of the majority of its second lien term loan and new credit facilities . The Special Meeting of [...]
Perpetual Energy Inc. is pleased to announce the creation of Rubellite Energy Inc. Rubellite will: acquire all of Perpetual's Clearwater lands, wells, roads and related facilities in northeast Alberta for total consideration of $60 million, including $58 million in cash and the issuance of an option to purchase four million common shares of Rubellite ; participate in a proposed plan of arrangement under the Business [...]
Perpetual Energy Inc. announced today that the maturity date applicable to the Company's first lien revolving credit facility has been extended to July 16, 2021 and the $20 million borrowing limit maintained. The borrowing limit is scheduled to be redetermined and the revolving credit period extended on or before July 16, 2021. The maturity of the Company's second lien Term Loan has been extended to July 30, 2021. These [...]