Prairie Provident announces its operating and financial results for the fourth quarter and year ended Dec 31, 2024 and year-end reserves. Prairie Provident's audited annual consolidated financial statements and related Management's Discussion and Analysis for the year ended December 31, 2024 and Annual Information Form, dated March 31, 2025 for the same period are available on the Company's website and filed on SEDAR+ at [...]
Prairie Provident Resources Inc. is pleased to announce the closing of the second and final tranche of its previously announced equity financing, for additional gross proceeds of $3.87 million. Together with the $4.8 million of gross proceeds from the first tranche closing completed on February 19, 2025, the Company raised $8.67 million in aggregate gross proceeds from the financing, through the issuance of, in aggregate [...]
Prairie Provident Resources Inc. is pleased to announce the spud of the Basal Quartz horizontal well 100/14-32-29-18W4. Drilling operations are expected to take eight days to complete, after which the well will be fracture stimulated and brought on-stream. This is the Company's third Basal Quartz well following the successful drilling and completion of 102/03-19-030-18W4 and 100/15-32-029-18W4 in the fourth quarter of [...]
Prairie Provident Resources Inc. is pleased to announce the closing of the first tranche of its recently announced equity financing, for $4,800,000 in gross proceeds from its principal and largest shareholder, PCEP Canadian Holdco, LLC upon the issue of 112,941,176 common shares at a price of $0.0425 per Common Share . The First Tranche Closing is part of the $9,100,000 brokered equity financing previously announced by [...]
Prairie Provident Resources Inc. is pleased to announce that it has entered into an agreement with Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents including Haywood Securities Inc. , for a brokered "best efforts" equity financing for aggregate gross proceeds of up to approximately $9,100,000, comprised of: an offering up to 96,470,589 units of the Company at a price of [...]
Prairie Provident Resources Inc. is pleased to provide an update on its first two Basal Quartz wells in the Michichi area of Central Alberta. Prairie Provident spud the first Basal Quartz horizontal well, 102/03-19-030-18W4, on October 15, 2024. Following the nine-day drilling operation, the well was fracture stimulated and brought on-stream through production test facilities, with produced natural gas being conserved, on [...]
Prairie Provident Resources Inc. announces its financial and operating results for the three and nine months ended September 30, 2024. The Company's condensed interim consolidated financial statements for the three and nine months ended September 30, 2024 and related Management's Discussion and Analysis for the third quarter are available on its website at www.ppr.ca and filed on SEDAR+ at www.sedarplus.ca. THIRD QUARTER [...]
Prairie Provident Resources Inc. is pleased to announce the successful completion of its previously announced equity rights offering , which expired at 5:00 p.m. on October 28, 2024. Prairie Provident issued an aggregate of 480,000,000 common shares of the Company pursuant to the Rights Offering and the Standby Commitment at a price of $0.025 per share, for aggregate gross proceeds of $12.0 million. This includes the [...]
Prairie Provident Resources Inc. announces that Ryan Rawlyk has resigned as President and Chief Executive Officer of Prairie Provident to pursue other interests. In conjunction with Mr. Rawlyk's resignation, the Company announces the appointment of Dale Miller as Executive Chairman, succeeding Patrick McDonald who has retired as Chairman. Mr. Miller has served as a director of the Company since August 2023 and is a [...]
TORONTO, Oct. 28, 2024 /CNW/ - The following issues have been halted by CIRO: Company: Prairie Provident Resources Inc. TSX Symbol: PPR.RT All Issues: No Reason: Pending Delisting Halt Time : 12:00 PM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory [...]
Prairie Provident Resources Inc. is pleased to announce the closing of the initial $10.0 million subscription by its principal shareholder, PCEP Canadian Holdco, LLC , under the Company's previously-announced $13.2 million rights offering . Up to 529,579,000 common shares of Prairie Provident are issuable under the Rights Offering at a subscription price of $0.025 per share, for an aggregate subscription price, if fully [...]
September 13, 2024 - Prairie Provident Resources Inc. announces an agreement to extend the maturity of its senior secured credit facility to March 31, 2026 and enhance its flexibility with modified covenants. The Company also announces a $13.2 million rights offering supported by participation commitments of $12 million, comprised of $11.6 million from its largest shareholder, PCEP Canadian Holdco, LLC , and $400,000 from [...]
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