Luckypennyman
12 years ago
12-07-2011 Standard Exploration Ltd. Announces Update to Flow Through Financing
Copied from:
http://www.menafn.com/qn_news_story.asp?storyid=%7B68120b6a-8960-4e88-8706-13b457bbbe69%7D
CALGARY, ALBERTA, Dec 7, 2011 (Marketwire via COMTEX) -- Standard Exploration Ltd. (the "Corporation") , is pleased to announce an update to its press release of November 30, 2011. The Corporation previously announced that it has entered into an engagement agreement with Emerging Equities Inc. (the "Agent") in connection with a proposed private placement financing (the "Financing") for maximum gross proceeds of $5,000,000. The Financing will be comprised of a combination of common shares in the capital of the Corporation ("Common Shares") issued at a price of $0.15 per Common Share and Common Shares issued on a "flow-through" basis for the purposes of the Income Tax Act (Canada) ("Flow-Through Shares") at a price of $0.17 per Flow-Through Share. The maximum subscription amount of Flow-Through Shares that will be issued is $3,000,000.
The closing of the Financing is expected to occur on or about December 29, 2011 and is subject to, among other things, entering into a formal agency agreement and receipt of all necessary regulatory approvals, including approval from the TSX Venture Exchange.
The Common Shares and the Flow-Through Common Shares issued pursuant to the Financing will be subject to a four month hold from the date of closing of the Financing.
The Corporation intends to use the proceeds of the Financing for the drilling and completion of an exploratory Montney horizontal well, developing its exploration areas and for general corporate purposes. The gross proceeds from the issuance of Flow-Through Shares will be used to incur eligible Canadian Exploration Expenses which is an amendment from the previously disclosed press release of Canadian Development Expenses (all as such terms are defined in the Income Tax Act (Canada)).
The Corporation is a Canadian based oil and gas corporation with operations in Alberta, Canada and is traded on TSX Venture Exchange. The Corporation's public filings may be found at www.sedar.com.
Forward-Looking Statements:
Certain information set forth in this news release contains forward-looking statements or information ("forward-looking statements"), including the closing of the Financing, the receipt of applicable regulatory approvals and the anticipated use of the net proceeds of the Financing. The closing of the Financing could be delayed if the Company is not able to obtain the requisite regulatory and TSXV approvals on the timelines it has planned. The Financing will not be completed at all if these approvals are not obtained or some other condition to closing the Financing is not satisfied. Accordingly, there is a risk that the Financing will not be completed within the expected timeframe or at all. The intended use of the net proceeds of the Financing by the Company might change if the board of directors of the Company determines that it would be in the best interests of the Company to deploy the proceeds for some other purpose. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Corporation's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, operational risks in exploration and development, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although the Corporation believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our Annual Information Form and other documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Corporation does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
Luckypennyman
12 years ago
12-07-2011 Standard Exploration Ltd. Announces Update to Flow Through Financing
copied from: http://finance.yahoo.com/news/standard-exploration-ltd-announces-flow-140000288.html
CALGARY, ALBERTA--(Marketwire - Dec. 7, 2011) - Standard Exploration Ltd. (the "Corporation") (TSX VENTURE:SDE), is pleased to announce an update to its press release of November 30, 2011. The Corporation previously announced that it has entered into an engagement agreement with Emerging Equities Inc. (the "Agent") in connection with a proposed private placement financing (the "Financing") for maximum gross proceeds of $5,000,000. The Financing will be comprised of a combination of common shares in the capital of the Corporation ("Common Shares") issued at a price of $0.15 per Common Share and Common Shares issued on a "flow-through" basis for the purposes of the Income Tax Act (Canada) ("Flow-Through Shares") at a price of $0.17 per Flow-Through Share. The maximum subscription amount of Flow-Through Shares that will be issued is $3,000,000.
The closing of the Financing is expected to occur on or about December 29, 2011 and is subject to, among other things, entering into a formal agency agreement and receipt of all necessary regulatory approvals, including approval from the TSX Venture Exchange.
The Common Shares and the Flow-Through Common Shares issued pursuant to the Financing will be subject to a four month hold from the date of closing of the Financing.
The Corporation intends to use the proceeds of the Financing for the drilling and completion of an exploratory Montney horizontal well, developing its exploration areas and for general corporate purposes. The gross proceeds from the issuance of Flow-Through Shares will be used to incur eligible Canadian Exploration Expenses which is an amendment from the previously disclosed press release of Canadian Development Expenses (all as such terms are defined in the Income Tax Act (Canada)).
The Corporation is a Canadian based oil and gas corporation with operations in Alberta, Canada and is traded on TSX Venture Exchange. The Corporation's public filings may be found at www.sedar.com.
Luckypennyman
12 years ago
From November 23 2011
copied from:
http://stockgurucanada.com/2011/11/23/standard-exploration-ltd-tsx-v-sde-sealed-wednesday%E2%80%99s-trade-on-the-toronto-venture-at-50-on-volume-of-over-10k-shares/
Standard Exploration Ltd. (TSX-V: SDE) Sealed Wednesday’s Trade on the Toronto Venture at 50% on Volume of Over 10K Shares
Authored by StockGuru Canada November 23, 2011 at 5:56 pm CT
Standard Exploration Ltd. (TSX-V: SDE) sealed Wednesday’s trade on the Toronto Venture at 50% on volume of over 10K shares. Standard Exploration Ltd. was established in September, 2010 through the fusion of Max Minerals Ltd and Varenna Energy Ltd. Its principle goal is to create growth in reserves, production and in cash flow.
The Corporation is a Canadian based oil and gas corporation with operations in Alberta, Canada and is traded on TSX Venture Exchange under the symbol SDE. Standard Exploration is operating primarily in the Southern Alberta region.
StockGuru Canada (“SGC”) features profiles on publicly traded companies on the Toronto Venture Exchange and all American Markets. SGC welcomes suggestions of companies to cover or feature as a Profile Company. Please contact SGC’s Publisher, John Pentony, at the contact information below.
Get updated information on all Toronto Venture Exchange stocks at http://StockGuruCanada.com.
John Pentony
Publisher, StockGuru.com and StockGuruCanada.com
Tel: 469-252-3031
Email: john@stockgurucanada.com
Luckypennyman
12 years ago
From December 05 2011
copied from:
http://www.datamonitor.com/store/News/providence_awarded_standard_exploration_license_211_in_kish_bank_basin?productid=5F62E561-D03B-4D96-B532-9B9F0CE143AB
Providence awarded Standard Exploration License 2/11 in Kish Bank BasinProvidence Resources P.l.c., an oil and gas exploration and production company, has announced that it has been awarded Standard Exploration License 2/11 in the Kish Bank Basin, offshore Dublin by the the Irish Department of Communications, Energy and Natural Resources.
The License, which is a successor authorization to the previous License Option 08/2, has been granted for a period of up to six years, and is split into 2 three year phases, the company said.
The License contains the Dalkey Island exploration prospect and the partners have committed to the drilling of at least one well during the first phase. The partners have recently commenced the application process for a foreshore license over the area in order to carry out well site survey and drilling operations. Providence holds a 50% interest in the License and operates on behalf of its partner Star Energy, the company added.
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