Gear Energy Ltd. and Lotus Creek Exploration Inc. are pleased to announce the completion of the acquisition by a large publicly traded company of all of the outstanding common shares of Gear pursuant to its previously announced plan of arrangement under Section 193 of the Business Corporations Act including all of Gear's heavy oil assets and the completion of the transfer of Gear's other property and assets, which [...]
Gear Energy Ltd. is pleased to announce that today at its special meeting of the holders of common shares of Gear , the Gear Shareholders passed a special resolution approving a plan of arrangement under Section 193 of the Business Corporations Act , pursuant to which a large publicly traded company will acquire all of the issued and outstanding Gear Shares, including all of Gear's heavy oil assets and Gear will transfer [...]
Special Meeting of Gear Shareholders to be held on February 3, 2025 at 10:00 a.m. Gear Energy Ltd. reiterates instructions to shareholders of Gear on how to vote their Gear common shares for the previously announced plan of arrangement , pursuant to which a large publicly traded company will acquire Gear, including all of its heavy oil assets for $110 million in cash and Gear will transfer all of Gear's other property and [...]
Gear Energy Ltd. is pleased to announce that a new Corporate Presentation is available to shareholders and can be accessed via the following link January 2025 Corporate Presentation. In addition, Kevin Johnson, President & CEO, has prepared a recorded video of this presentation that is intended to provide additional value to shareholders. This video can be accessed via the following link Corporate Presentation by Kevin [...]
As previously announced by Gear Energy Ltd. , the Company has entered into an arrangement agreement pursuant to which a large publicly traded company will acquire Gear including its heavy oil assets for $110 million in cash and Gear will transfer its Central Alberta assets, Southeast Saskatchewan assets and, Tucker Lake property to a newly formed entity , which will be owned by the former shareholders of Gear following [...]
Gear Energy Ltd. is pleased to announce that a new Corporate Presentation with additional details on the December 2, 2024 arrangement agreement is available to shareholders and can be accessed via the following link: Corporate Presentation. Further details on the Agreement, including a 2025 budget and guidance and 2024 reserves, will be provided later in December. Kevin Johnson President & CEO 403-538-8463 Email [...]
Gear Energy Ltd. , is pleased to announce that it has entered into an arrangement agreement with a large publicly traded company pursuant to which the Purchaser will acquire all of the issued and outstanding common shares of Gear , excluding its Central Alberta, Southeast Saskatchewan, and Tucker Lake properties which will be transferred to a newly formed entity , for $110 million in cash, subject to adjustments as [...]
Gear Energy Ltd. is pleased to provide the following third quarter operating results to shareholders. Gear's Interim Consolidated Financial Statements and related Management's Discussion and Analysis for the period ended September 30, 2024 are available for review on Gear's website at www.gearenergy.com and on www.sedarplus.ca. Three months ended Nine months ended Sep 30, 2024 Sep 30, 2023 Jun 30, 2024 Sep 30, 2024 Sep [...]
Gear Energy Ltd. confirms that the November 2024 monthly dividend of $0.005 per common share is to be paid on November 29, 2024, to shareholders of record on November 15, 2024. The dividend is designated as an "eligible dividend" for Canadian income tax purposes. Kevin Johnson President & CEO 403-538-8463 David Hwang Vice President Finance & CFO 403-538-8437 Email: info@gearenergy.com Website: www.gearenergy.com To view [...]
Gear Energy Ltd. confirms that the October 2024 monthly dividend of $0.005 per common share is to be paid on October 31, 2024, to shareholders of record on October 15, 2024. The dividend is designated as an "eligible dividend" for Canadian income tax purposes. Kevin Johnson President & CEO 403-538-8463 David Hwang Vice President Finance & CFO 403-538-8437 Email: info@gearenergy.com Website: www.gearenergy.com To view the [...]
Gear Energy Ltd. confirms that the September 2024 monthly dividend of $0.005 per common share is to be paid on September 27, 2024, to shareholders of record on September 13, 2024. The dividend is designated as an "eligible dividend" for Canadian income tax purposes. Kevin Johnson President & CEO 403-538-8463 David Hwang Vice President Finance & CFO 403-538-8437 Email: info@gearenergy.com Website: www.gearenergy.com To [...]
Gear Energy Ltd. is pleased to provide the following second quarter operating results to shareholders. Gear's Interim Consolidated Financial Statements and related Management's Discussion and Analysis for the period ended June 30, 2024 are available for review on Gear's website at www.gearenergy.com and on www.sedarplus.ca. Three months ended Six months ended Jun 30, 2024 Jun 30, 2023 Mar 31, 2024 Jun 30, 2024 Jun 30 [...]