Powder Mountain is pleased to announce that it has entered into an agreement to sell certain of its property, wells and production in Wyoming to an arm’s length third party for consideration of CDN $1,985,000 effective March 31, 2014. The disposition of these non-core assets will reduce Powder Mountain’s production by 30 BOPD (net) of sour, heavy [...]
Powder Mountain Energy is pleased to announce that it has completed the non-brokered private placement of 283,334 common shares of the Corporation at $0.90 per Common Share for aggregate gross proceeds of $255,000.06 previously announced in its news releases of June 27, 2014 and July 16, 2014. In connection with the Offering, the Corporation paid a [...]
Powder Mountain announces that it has acquired 8,160 gross acres of petroleum and natural gas leases in the Hardy area of SE Saskatchewan from existing partners which includes two wells producing a total of 30 BOPD of light oil production for consideration of $2,000,000 effective January 1, 2014. Powder Mountain has also agreed to purchase 3% gross [...]
Powder Mountain reports that, further to its news release issued June 27, 2014, an insider of Powder Mountain has arranged a sale of 283,334 common shares of the Corporation at a price of $0.90 per Common Share executed through the facilities of the Pure Trading exchange on July 16, 2014. The proceeds from this sale will be used to fund the [...]
Powder Mountain Energy is pleased to announce that it has finalized the terms and conditions of a non-brokered equity private placement. The Offering will be made to certain insiders of Powder Mountain and will consist of the issuance of up to 283,334 common shares of the Corporation at a price of $0.90 per Common Share for aggregate gross proceeds [...]
Powder Mountain Energy is pleased to announce that the previously announced combination of Passport Energy and Amarok Energy by way of a three cornered amalgamation proceeding under a plan of arrangement under section 193 of the Business Corporations Act (Alberta) to form Powder Mountain pursuant to an amended and restated arrangement agreement [...]
Passport Energy and Amarok Energy are pleased to announce that their respective shareholders have approved at their respective shareholders' meeting held June 12, 2014, all of the shareholders resolutions required to proceed with the combination of the companies by way of a three cornered amalgamation proceeding under a plan of arrangement under [...]
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