Rubellite Energy Inc. and Perpetual Energy Inc. are pleased to jointly announce that today they have completed their previously announced strategic recombination transaction creating "Rubellite Energy Corp.". With increased size, scale, greater financial liquidity, enhanced flexibility and operations carried on by its subsidiaries, Rubellite Energy Corp. will be well positioned to execute on the development of its [...]
Rubellite Energy Inc. and Perpetual Energy Inc. are pleased to jointly announce that today they have completed their previously announced strategic recombination transaction creating "Rubellite Energy Corp.". With increased size, scale, greater financial liquidity, enhanced flexibility and operations carried on by its subsidiaries, Rubellite Energy Corp. will be well positioned to execute on the development of its [...]
Rubellite Energy Inc. and Perpetual Energy Inc. are pleased to jointly announce that today they have obtained the necessary shareholder approvals to proceed with their previously announced strategic recombination transaction under the Business Corporations Act . The shareholders of each of Rubellite and Perpetual overwhelmingly approved the Recombination, with 99.9% of the total votes cast and 99.8% of the votes cast [...]
Rubellite Energy Inc. and Perpetual Energy Inc. are pleased to jointly announce that they have entered into a definitive arrangement agreement whereby Rubellite and Perpetual will recombine in an all-share transaction to create a stronger company that will be managed by the existing executive team and will operate as Rubellite Energy Corp. The Transaction, which will be completed by way of a plan of arrangement, will have [...]
- Perpetual Energy Inc. is pleased to report its second quarter 2024 financial and operating results and 2024 outlook. 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, 2024, which are available through [...]
CALGARY, AB, May 16, 2024 /CNW/ - - Perpetual Energy Inc. is pleased to announce that the Alberta Court of King's Bench has approved the previously announced settlement agreement with PricewaterhouseCoopers Inc., LIT in its capacity as trustee in bankruptcy of Sequoia Resources Corp. related to the Sequoia litigation . After several years of litigation, Perpetual previously announced that it had entered into the [...]
- Perpetual Energy Inc. is pleased to announce that the nominees listed in the management proxy circular dated March 28, 2024 were elected as directors of Perpetual. The detailed results of the vote for the election of directors held at its annual meeting of shareholders earlier today in Calgary, Alberta are set out below. Election of Directors Each of the following five nominees proposed by management was elected as a [...]
- Perpetual Energy Inc. is pleased to report its first quarter 2024 financial and operating results and 2024 outlook. 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 months ended March 31, 2024, which are available through the [...]
- Perpetual Energy Inc. is pleased to announce the completion of its previously announced early redemption of its 8.75% senior secured third-lien notes maturing January 23, 2025 , with the opportunity for noteholders to elect to continue to hold such notes subject to certain amendments. Of the $33.2 million aggregate principal amount of 2025 Senior Notes outstanding, approximately $7.0 million were redeemed for cash plus [...]
CALGARY, AB , March 25, 2024 /CNW/ - - Perpetual Energy Inc. is pleased to report its fourth quarter and year-end 2023 financial and operating results, Q1 2024 outlook and a summary of the Company's year-end 2023 reserves as reported by the independent engineering firm McDaniel and Associates Consultants Ltd. . A complete copy of Perpetual's audited consolidated financial statements, Management Discussion and Analysis and [...]
- Perpetual Energy Inc. is pleased to announce the resolution of the previously announced Sequoia litigation, repayment of its existing $2.7 million second lien term loan, and the early redemption of its secured third lien senior notes, with the opportunity for noteholders to elect to continue to hold such notes subject to certain amendments. Resolution of Sequoia Litigation On August 3, 2018, Perpetual received a [...]
Perpetual Energy Inc. is pleased to announce that it has closed its previously announced asset disposition of certain assets at Mannville in Eastern Alberta to Canadian private operator Pointbreak Resources for gross proceeds of $35.8 million in cash, prior to customary purchase price adjustments with a September 1, 2023 effective date. The properties included in the Mannville Transaction comprise substantially all of the [...]