Canadian Premium Sand Inc. is pleased to announce that Alasdair Knox will be joining the Company as Vice President, Project Engineering effective July 01, 2021. Mr. Knox brings a wealth of project management experience gained on projects in Canada, the United Kingdom , New Zealand and the Middle East ranging from the new Calgary International Airport Terminal to Public-Private Partnerships in the UK and the Shackleton Hut [...]
This press release is being issued pursuant to section 5.2 of National Instrument 62-104 -Take-Over Bids and Issuer Bids. Paramount Resources Ltd. has acquired 4,000,000 common shares of Canadian Premium Sand Inc. at a price of $0.25 per Common Share for aggregate consideration of $1,000,000. The acquisition was made as part of a private placement of an aggregate of 20,799,200 Common Shares completed by CPS on June 15 [...]
Canadian Premium Sand Inc. is pleased to announce that, due to investor interest, it has closed an upsized, non-brokered private placement . Pursuant to the Offering, the Company issued an aggregate of 20,799,200 common shares at a price of $0.25 per Common Share for gross proceeds of $5,199,800. After giving effect to the Offering, the Company will have 42,043,660 common shares issued and outstanding. The Corporation's [...]
Canadian Premium Sand Inc. is pleased to provide an operational update and announce that it plans to conduct a non-brokered private placement. Operational Update On February 3, 2021, the Company announced a shift in the direction of the Company's business strategy to focus on developing its high-quality Wanipigow silica sand deposit to support a sustainable flat glass manufacturing facility in the greater Winnipeg area [...]
Canadian Premium Sand Inc. is pleased to announce shareholder approval of a new Restricted Share Unit Plan . At the Company's annual and special meeting of shareholders held on March 30, 2021 , the Company's disinterested shareholders approved the resolution to adopt the new RSU Plan. Under the new RSU Plan, restricted share units may be granted to directors, officers, employees and consultants. The RSU Plan permits the [...]
Canadian Premium Sand Inc. is pleased to announce a shift in the direction of the Company's business strategy to focus on developing its Wanipigow silica sand deposit into a sustainable float glass manufacturing and coating facility. This facility would be designed to utilize the best available technology with a focus on sustainability initiatives such as waste heat recovery and optimizing use of Manitoba's abundant and [...]
Canadian Premium Sand Inc. is pleased to announce that an updated Preliminary Feasibility Study and Mineral Resource Report effective March 19, 2020 has been completed for the Company’s Wanipigow Sand Project by APEX Geoscience Ltd. and John T. Boyd Company. The Updated Technical Report incorporates the results of the previously announced capital optimization review on February 4, 2020. Driven by a significant [...]
Canadian Premium Sand Inc. has granted its directors and officers options to acquire an aggregate of 260,000 common shares of CPS at an exercise price of $0.35 per share until March 2, 2025. 90,000 options were granted to the Company's President and Chief Executive Officer and Director, 50,000 options were granted to the Company's Vice President, Business Development and 20,000 options were granted to each of CPS' other [...]
This press release is being issued pursuant to section 5.2 of National Instrument 62-104 -Take-Over Bids and Issuer Bids. Paramount Resources Ltd. has acquired $900,000 in principal amount of 12.0% secured convertible debentures of Canadian Premium Sand Inc. . The acquisition was made as part of a private placement of an aggregate of $1,975,000 in principal amount of Convertible Debentures completed by CPS on February 26 [...]
Canadian Premium Sand Inc. is pleased to announce that it has completed its previously announced non-brokered private placement of secured convertible debentures . Pursuant to the Offering, the Company accepted subscriptions for Debentures totaling approximately $2 million. The net proceeds of the Offering will be used for the continued development of the Company's Wanipigow Sand Resource and for general working capital [...]
Canadian Premium Sand Inc. has amended the pricing and extended the closing for its previously announced non-brokered private placement of secured convertible debentures . The price at which the Convertible Debentures are convertible into common shares has been reduced from $1.25 to $0.75 per Common Share and the volume weighted average trading price of the Common Shares at which the Company may redeem the Convertible [...]
Canadian Premium Sand Inc. is pleased to announce that it has concluded a comprehensive capital optimization review relating to the Company’s Wanipigow Sand Project . CPS estimates a revised capital cost of CAD $120 million for facilities required to extract, produce and market silica sand at a production rate of 1.25 million metric tonnes per year. This figure is approximately CAD $80 million less than originally [...]
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