Gear Energy Ltd. is pleased to announce that the new August 2021 monthly update to shareholders can be accessed via the following link https://gearenergy.com/updates. SOURCE Gear Energy Ltd. Contact Ingram Gillmore, President & CEO, 403-538-8463; David Hwang, Vice President Finance & CFO, 403-538-8437; Email: info@gearenergy.com...
Gear Energy Ltd. is pleased to announce that the new July 2021 monthly update can be accessed via the following link https://gearenergy.com/updates. Website: www.gearenergy.com SOURCE Gear Energy Ltd. Contact Ingram Gillmore, President & CEO, 403-538-8463; David Hwang, Vice President Finance & CFO, 403-538-8437, Email: info@gearenergy.com...
Gear Energy Ltd. is providing the following second quarter operating update to shareholders. Gear's Interim Condensed Consolidated Financial Statements and related Management's Discussion and Analysis for the period ended June 30, 2021 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended Six months ended Jun 30, 2021 Jun 30, 2020 Mar 31, 2021 Jun 30, 2021 Jun 30, 2020 [...]
Gear Energy Ltd. is pleased to announce that its common shares have qualified for trading on the OTCQX Market operated by the OTC Markets Group Inc. . Gear's common shares previously traded through the OTC's Pink market. Upgrading to the OTCQX Market is expected to provide more transparent trading for Gear's U.S. investors. Gear's common shares begin trading today on the OTCQX under the symbol "GENGF." U.S. investors can [...]
OTC Markets Group Inc. , operator of financial markets for 11,000 U.S. and global securities, today announced Gear Energy Ltd. , an oil focused publicly traded exploration and production company, has qualified to trade on the OTCQX®® Best Market. Gear Energy Ltd. upgraded to OTCQX from the Pink® market. Gear Energy Ltd. begins trading today on OTCQX under the symbol "GENGF." U.S. investors can find current financial [...]
Gear Energy Ltd. is pleased to announce that the new June 2021 monthly update can be accessed via the following link https://gearenergy.com/updates. SOURCE Gear Energy Ltd. Contact Ingram Gillmore, President & CEO, 403-538-8463, Email: info@gearenergy.com, Website: www.gearenergy.com; David Hwang, Vice President Finance & CFO, 403-538-8437...
Gear Energy Ltd. is pleased to announce that it has successfully completed its annual borrowing base redetermination with the maturity date extending to May 27, 2023. Annual Borrowing Base Redetermination Over the last year and a half, Gear has focused on substantially improving its balance sheet. This has translated into continuous and significant debt reductions which have provided Gear with top decile leverage metrics [...]
Gear Energy Ltd. announces an extension to the scheduled date for its semi-annual borrowing base redetermination. As of March 31, 2021, Gear's syndicated credit facilities consisted of available credit facilities of $60 million with the next semi-annual redetermination due on or before May 31, 2021 and a present maturity date of May 27, 2022. Gear and its banking syndicate are in the process of finalizing the completion [...]
Gear Energy Ltd. is pleased to announce that the new April 2021 monthly update can be accessed via the following link https://gearenergy.com/updates. Future updates will be disseminated each month via press release. SOURCE Gear Energy Ltd. Contact Ingram Gillmore, President & CEO, 403-538-8463; David Hwang, Vice President Finance & CFO, 403-538-8437, Email: info@gearenergy.com, Website: www.gearenergy.com...
Gear Energy Ltd. is pleased to announce that the nominees listed in the management proxy circular dated March 16, 2021 were elected as directors of Gear. The detailed results of the vote for the election of directors held at Gear's annual meeting of shareholders held today are set out below. On a vote by ballot, each of the following seven nominees proposed by management was elected as a director of Gear: Nominee Outcome [...]
Gear Energy Ltd. is providing the following first quarter operating update to shareholders. Gear's Interim Condensed Consolidated Financial Statements and related Management's Discussion and Analysis for the period ended March 31, 2021 are available for review on Gear's website at www.gearenergy.com and on www.sedar.com. Three months ended Mar 31, 2021 Mar 31, 2020 Dec 31, 2020 FINANCIAL Funds from operations 8,253 6,258 [...]
Gear Energy Ltd. is pleased to announce that upon redemption of its currently outstanding 7.0% Convertible Unsecured Subordinated Debentures due November 30, 2023 common shares of the Company will be issued to satisfy the principal amount of the Debentures based on a price of $0.49 per Common Share . As a result, holders of Debentures who have not elected to convert their Debentures prior to the Redemption Date will [...]