Beta Energy announces that all of the directors and officers of Beta and Kaden Energy have resigned, with the exception of Wes Siemens, who remains President and CEO of Kaden. A hearing will be held in the morning of Feb 13th, 2025, at which time it is expected that Beta's senior secured creditor will seek to appoint a receiver over both of Beta and Kaden. About Beta Energy Corp. Further information about the Company is [...]
Beta Energy announces that it has determined that the results of the Kaden Strategic Review Process constitutes an event of default under the terms of a drawdown loan agreement dated Nov 15, 2024 between the Company and Kaden Energy, a wholly-owned subsidiary of the Company, and that the Company should therefore terminate the Drawdown Loan Agreement and refuse a request from Kaden to further draw down on the funds made [...]
Alpha Lithium is pleased to announce that the spin-out of Beta Energy Corp. has been completed. Alpha anticipates that its common shares will continue trading on the TSX-V as “new” common shares of Alpha on or about August 3, 2021. Please refer to the Alpha news releases dated June 17, 2021, July 26, 2021 and information circular dated June 21, 2021 for more detailed information, available on the Company’s website and on [...]
Alpha Lithium is pleased to announce its shareholders have voted 99.8% in favour of approving the spin-out of Beta Energy Corp. at an annual general and special meeting of shareholders held July 20, 2021 and the Company has received final approval of the Supreme Court of British Columbia on July 23, 2021. The spin-out transaction remains subject to final acceptance of the TSX Venture Exchange.
Alpha Lithium is pleased to announce that it has entered into an arrangement agreement with its wholly-owned subsidiaries, Voltaic Minerals and Beta Energy to undertake a spin-out transaction that would reorganize the business and capital structure of the Company to spinout its Green Energy Project located in Utah. The proposed spin-out transaction will be completed by way of a Plan of Arrangement to be completed under [...]
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